Can anybody help me know the process/method of preparing a Training Budget? Is there any formula (if available) for estimating Training Costs? Additionally, if anyone can share a Draft of a Training Policy, it would be of great help.
From Pakistan, Karachi
4From Pakistan, Karachi
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Please give me the context of your question. Are you talking about an annual training budget for an entire organization or organizational unit, or are you talking about a specific training project? Do you want to use benchmarks to set the budget, or do you want to calculate how much it will cost to satisfy specific training needs? Do you have your own internal instructional designers and trainers, or do you outsource all of your training?
There are just so many variables. The same goes for the training policy. If you can tell me about your situation and the context of your need, this would assist in being able to give more helpful advice.
Vicki Heath
Trainer Resources
http://www.businessperform.com
From Australia, Melbourne
There are just so many variables. The same goes for the training policy. If you can tell me about your situation and the context of your need, this would assist in being able to give more helpful advice.
Vicki Heath
Trainer Resources
http://www.businessperform.com
From Australia, Melbourne
According to HR best practice, for an organisation the training budget should be 4% or the total payroll cost. Hope this helps Regards Prachi
From Australia, Melbourne
From Australia, Melbourne
I agree, 4% of payroll cost or 1.5% of Company’s cost can be utilized as Training Budget.
From Saudi Arabia, Jubail
From Saudi Arabia, Jubail
Can I ask another question regarding Manpower Evaluation:
What sort of methodology do you use when evaluating Manpower Requirements? For example, if a unit submits a request to HR for additional manpower, how do you calculate and ensure that they are not overstaffed or taking HR for granted?
From Saudi Arabia, Jubail
What sort of methodology do you use when evaluating Manpower Requirements? For example, if a unit submits a request to HR for additional manpower, how do you calculate and ensure that they are not overstaffed or taking HR for granted?
From Saudi Arabia, Jubail
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HR Generalist Practical Training in Delhi.pdf
Investing your training budget.doc