Training Costs Analysis Model Overview


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Do you know what your real training costs are?

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Training Costs Analysis Model Overview

  1. 1. Not Information Technology …Information Solutions How To Understand What Your In-Service Training Program Really Costs You Augury Network Advisors, LLC
  2. 2. As a provider of support or care services, you know that your entire Direct Support staff requires continual training. First-year employees need critical training in their first 90 - 180 days. Veteran employees must be recertified annually or biannually. New employees need to be oriented on their first day. How do you meet all those training needs?
  3. 3. Most care provider agencies conduct In-Service programs using conventional training methods. Classroom-based Instructor-led At corporate headquarters During non-prime working hours: late afternoon, early evening Every aspect of this approach has a cost. = Mileage, Travel time = Facilities costs, space = Trainer salary, prep = Salary, overtime, substitutes’ salary, meals
  4. 4. Let’s analyze these costs more thoroughly… Trainees(that is, employees) • New hire employees • Veteran employees Trainers (typically, also employees) • Seasoned, experienced employees • Sometimes outside contractors and Training Resources • Classroom and fixtures • Class consumables: handouts, books Three Categories of Costs
  5. 5. Trainee Costs Costs per individual trainee Travel expense • Mileage • Time Meals / refreshments during training session Salary compensation during training session Salary compensation for worker substitution And when employees have to cover shift assignments … + += + Starting with
  6. 6. Costs per individual trainer Trainer Costs Then looking at = Travel expense • Mileage • Time Meals / refreshments during training session Salary compensation during training session + +
  7. 7. Costs per training resource Operating cost of allocated or dedicated floor space Consumable course materials + Facilities Costs And finally =
  8. 8. Total Training Costs For A Year? Annual costs rise with number of class sessions held during the year Class sessions are driven by … • number of topics Class sessions are driven by … •class size capacity Class sessions are driven by … •number of trainees who must attend 1 topic per class No more than “x” trainees at a time New hire requirements Veteran re-certification requirements
  9. 9. employees Number of sessions mileage meals Covered salary Overtime Shift coverage hours Training hours New hires Turnover rate compensation Classroom capacity Attendance rate Repeat classroom sessions Unit cost Extended cost With so many contributing factors, how can you calculate a complete picture of costs? By using a model…
  10. 10. A financial model organizes those parameters, and their dependencies. A model lets you experiment with different values as inputs, in order to study the impact on the outputs. A model produces projections of your in- service training program …
  11. 11. … so we built a model Input s Outputs Comparison s based on 27 parameters you can adjust that instantly projects your costs and compares the impact of several factors…
  12. 12. … letting you quickly devise various “what if” scenarios and evaluate cost effective alternatives to ongoing in-service training program costs.
  13. 13. Visit to download a free copy of our Conventional Training Costs Analysis, and simply open it on your own computer as a Microsoft Excel workbook. Enter the details from your own enterprise and see what your in-service training programs really cost. And keep in mind, it could cost less. Augury knows. Not Information Technology …Information Solutions Augury Network Advisors, LLC [ ]
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