Cost of training
OR
Select the course(s)
Number of students
Cost per student
The below calculator helps determine an estimated return-on-investment (ROI) from implementing technical training. This output is to be used as a guage, as there are several additional considerations from a training-enabled workforce.
Other advantages of training include:
IT projects completed with adequate skills/training have an 80% success rate (whereas success for projects without adequate skills/training is 50%)
6X more support is needed for untrained users than for trained users
Without ongoing training, performance degrades by 25% over 4 years
*Statistics from IDC IT Training Certification Report
Complete the white cells below to generate your results.
For detailed instructions, tap or click on the info icon in the form cells.
Investment
Calculations
Training Details
Duration of training (hours)
Return - Productivity
Average total cost of employee
per year
per year
Average total cost per hour
Value from returned productivity
Return - Staff Turnover Savings
Average cost of recruitment & induction
Average number of hours for training and onboarding of new employees
Average cost of other training and onboarding period
Impact on staff turnover as the proportion of all benefits
Value of reduced staff turnover
Summary Per Student
Total Investment per student
Total Return
Student ROI -- %
