Question: Information on proposed training program: Cost of training program (from vendor): $100,000 Number of employees to be trained: 500 Estimated time to complete training: 4
Information on proposed training program:
- Cost of training program (from vendor): $100,000
- Number of employees to be trained: 500
- Estimated time to complete training: 4 hours
- Fully loaded labor rate for employees: $60/hour
- Overhead rate applied to all training-related costs: 20%
- Estimated dollar value of benefits from training per year: $250,000
- Time period for benefits to be realized: 5 years
Calculate the following (assume no discounting of future cash flows):
Total costs (including overhead)
_____________????_____________
ROI (assuming 5 year window)
______________????____________
Please answer the total cost including overhead and the ROI of the 5 year window. (Will give thumbs up)
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