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ROI calculator

Both international and national research indicates that the increase in labour productivity resulting from targeted training can yield a return on investment of more than 30 per cent.

Researchers use sophisticated statistical techniques to measure performance before and after the training in order to evaluate its impact.

We propose a simple method of estimating the potential return on your training investment.

the following information is required for metadata purposes, please ignore. [title]ROI calculator[/title] [summary]

Both international and national research indicates that the increase in labour productivity resulting from targeted training can yield a return on investment of more than 30 per cent.

Researchers use sophisticated statistical techniques to measure performance before and after the training in order to evaluate its impact.

We propose a simple method of estimating the potential return on your training investment.

[/summary] [coverage]Australia[/coverage] [audience]All Audiences[/audience] [industry]All Industry Sectors[/industry] [modified_date]1108476000000[/modified_date] [created_date]1092578400000[/created_date] end of page metadata information.

1. Cost of training(*compulsory fields)

a. Number of employees attending training*
  
b. Direct costs of training PER employee*
eg training fee + transport + meals + material costs
$
c. Cost of lost work PER employee*
hrs of work missed x hourly rate
 $
d. Lost sales PER employee
for sales staff only;
hrs of work missed x hourly sales;
(Note: hourly sales = employees monthly sales / 40 hours)
 $


2. Benefits of training (fill in all or any of the fields)

Increased productivity per annum:
e. Current productivity PER employee
cost of production / total no. of employees
 $
f. Rate of productivity increase
The estimated rate of 30% is based on research - you can enter your own estimate.
 %

Reduction in staff turnover per annum:
g. Current staff turnover rate
no. of staff who left over the last 12 months / total no. of staff x 100
 %
h. Cost of hiring and training new staff (% of total payroll)
The estimated rate of 150% is based on research - you can enter your own estimate.
 %
i. Total payroll of employees attending training
 $
j. Turnover reduction rate
The estimated rate of 35% is based on research - you can enter your own estimate.
 %

Increase in sales per annum:
k. Current sales PER employee
Total sales / no. of sales employees
 $
l. Increase in sales rate
The estimated rate of 10% is based on research - you can enter your own estimate.
 %



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