Question: Read the exercise located on page 255 in your textbook titled (Werner's Human Resource Development: Talent Development , 7th Edition) Exercise: Calculating the Cost and
Read the exercise located on page 255 in your textbook titled (Werner's Human Resource Development: Talent Development , 7th Edition)
"Exercise: Calculating the Cost and Benefits of Training". Presented here is the information needed to calculate the Utility estimate of a cross-training project using the following formula.
U= (N) (T) (dt) (SDy) - C
Using this formula submit the following in a paper/Word document.
Important Instructions:
Complete the equation. Show your work (math at each level) in relation to the formula.
Number each question/response. Then, answer the following:
1. What is the projected benefit to the organization of training these thirty (30) team members? [ product of (N) (T) (dt) (SDy) ]
2. What was the cost? [ sum of C ] 3. What is the estimated change in utility of this training? [ sum of U ] 4. Describe how you would "present" this information to top management, as they consider whether or not to use this training program for others in the organization? 5. Lessons Learned from this exercise. Explain and explore ROI
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