Most of us have sat in a classroom or two where we were bored out of our minds. We were so bored that we doodled, talked to our classmates and chewed on our pencils. As the lecturer continued to talk, our minds drifted to other parts of the world, and other more appealing activities. No matter how much we tried we couldn't remember anything in the class. We didn't learn anything!
Each year hundreds of thousands of people might attend training within the U.S. On each of those employees the companies might spend wages and benefits making the cost of training pretty high. Let us say that you work in a company with 2,000 employees and each of those employees spent at least two hours a year in training. Assuming that the average wage was around $13 per hour with a $7 per hour benefits cost you might find that $20 X 2,000 employees X 2= $80,000 a year. If they learn nothing then you wasted $80,000 for nothing. To find the true cost you would need to add up the labor of the manager you borrowed and the loss of resources you borrowed him or her from.
Of course not all costs can so easily be calculated. You might also need to add up the cost in terms of lost productivity and competitiveness of employees who were day dreaming instead of learning skills that would help the company succeed. This cost is nearly incalculable but could potentially be worth millions of dollars. It has been said that a well constructed training program could be worth as much as 300% of any investment in it.
A strong trainer is worth his or her weight in gold. With experience a trainer will know how to use all of the classroom methods of helping people remember key concepts, will speak in a voice they can hear, will interact with the class to maintain their attention, and will give relevant examples to give the students context. The cost of $40,000 to $60,000 for someone to train and keep all of the administrative records pales in the face of the cost of not having a competent trainer.
Published by Mali74
Murad Ali is a three time book author, a doctoral student, a professor, and a human resource professional. He runs a consulting and online advertising company for small and medium businesses at http://www.ma... View profile
- The GM, Chrysler Restructuring Plans and Their Effects on My FamilyChronicle of the latest developments in the Auto Bailout and how it effects the economy and myself personally.
- Sign of the Times, Nortel and Gottschalks File for BankruptcyIn another sign of our bad economic times Nortel and Gottschalks file for bankruptcy.
- Social Security Tax and BenefitsEven though private social security will cost too much to maintain, it should be made private because you control and own the private account resulting in higher returns at retirement.
- Unsafe Working Conditions in China and Why American Workers Should CareThis article describes historical working conditions in China, labor reform and why American workers should care about the plight of Chinese workers.
- The Relationship Between Ethics and BusinessA business will not be profitable unless ethical practices are maintained by both management and labor. If you don't believe me, just look at General Motors.
- Benefits of Professional Dog Training - 10 Reasons Why Your Dog Needs It
- 5 Reasons to Hire a Personal Trainer
- Kaiser Permanente: The World's Largest Labor-Management Partnership
- The Importance of Writing and Communicating in the IT Profession
- The Importance of the "Perception" of Image
- The Basics of Personal Fitness Training
- Musicians in the Military: Maintaining Health
