Do You Know the True Cost of Providing Training?
The traditional place of training within an organisation has historically been seen as a cost centre, which in tough economic times is often one of the first budgets to be cut. What is forgotten is that when classroom based training is seen as an unsatisfactory and non cost effective means of education for employees, alternatives are available. When costing training, companies need to consider the cost of training against other areas of expenditure; there are several things to consider when costing a training programme: