Training Cost Per Employee Calculator

See how much money your company can save by switching from traditional to e-learning with AcademyOcean

Your training costs per employee for traditional training

106

How To Use Training Cost Employee Calculator?

Welcome to our Calculator based on the training cost per employee formula! This powerful tool can help you take the guesswork out of calculating your training budget.

But how exactly do you use it?

The main thing you need to know is how to calculate training costs per employee to figure out how to calculate training costs overall. That's where the Calculator comes in.

Methods For Calculating The Training Budge

Are you trying to develop the proper training budget for your organization? Our experts have years of experience helping companies like yours create effective and affordable training programs.There are several methods you can use when calculating training costs. Let's look at three of the most common ways how to budget training.

Method 1: Training Budget Per Employee

One popular approach is calculating the cost of training per employee. That's what we used in our Calculator, so you can determine how much you're willing to spend on each employee.

The idea is to divide your training budget by the number of employees you are willing to train, which gives you a clear picture of your investment per person.Similarly, you can calculate the cost of onboarding newcomers using our Employee Onboarding Calculator.

Method 2: Budget For Training As A Percentage Of Income

Another option is to set your training budget as a percentage of your total income. This approach will help you allocate funds efficiently while considering your financial situation.Afterward, you can start from the received amount to determine how many trainers you can hire, whether traditional training makes sense or switching to online and investing in LMS is better.Try our eLearning savings calculator.

Method 3: Learning Budget Vs. Learning Outcomes

FFinally, you can base your budget on the learning outcomes you hope to achieve. Set specific and measurable learning goals. This way, by tracking progress, you can ensure that your training investment generates the desired results.

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