The True Cost of Training

This calculator is provided to estimate what not training your employees can really cost your company.
Many companies still consider formal training is not absolutely necessary.
Instructor-Led training provides the best possible environment for your employees to learn quickly. Our instructors provide direction and encouragement as well as the opportunity to ask questions and explore alternative ways of accomplishing a task that fit in better to the actual job that employee will be performing in the company. Training also reduces hesitation on the computer and can increase self esteem, moral and of course speed and accuracy.

Description Data Entry
Number of Employees
Pay Rate (per hour)

Estimated Number of Minutes each employees loose per hour.
Many training industry estimates suggest between 5 and 15 minutes
per hour due to lack of training.
Cost of Instructor Led Training class (average $150 for 6 hours)
(for on-site classes multiply the total number of hours,
the hourly rate and the number of students.
Then enter the number in the box to the right

Enter only numeric values (no commas), using decimal points where needed. Non-numeric values will cause errors.



...
Daily cost of inefficient training
The annual cost of inefficient training
Wages paid during Training
Total Cost of Training. (class plus wages)
Savings the first year.
Days to break even on training investment
   

Wages and annual cost are based on 40 hour work week, 50 work weeks.
To convert employees on salary to an hourly wage, divide their salary by 2000 hours.

 


Our knowledgeable instructors and quality course materials can save your company large amounts of money and time. Plus the students can ask questions of the instructor and receive immediate answers.

 

© Timber Peak 2000
No part of this site may be copied or used in any way,
with out express written permission of Timber Peak.
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