Please enable JavaScript.

Coggle requires JavaScript to display documents.

Training Budget - Coggle Diagram

- - - - By identifying the costs associated with relevant training at the beginning of the year, you ensure these programmes can proceed throughout the coming months
  - - - By monitoring instructor costs, training material printing and other expenses, trends can be spotted and actions can be implemented to reduce unnecessary spending.
  - - - Allows sponsors and stakeholders to prioritize efforts and distribute funding accordingly
        
        List training activities
        
        List development and delivery costs
        
        Allows sponsors to optimize training expenses by
        
        Evaluating the options
        
        Comparing development costs
        
        Purchasing off-the-shelf courses
        
        Consider different methods of providing instruction
        
        Number of people affected
        
        Potential business impact
      - Allows employees to evaluate what worked and what did not
        
        Allows employees to consider what areas of training where costs can or need to be reduced to meet management's cost expectations and where government grants the company qualifies and can apply for.
  - - - Ensures employees maintain and adhere credentials to local, state and federal regulations
        
        To ensure that workforce
        
        has the knowledge
        
        To execute organization's strategic plan
        
        Technology changes, new services and products, product-support initiatives and new market entries within the plan highlight competency requirements.
        
        has the skills
        
        has the abilities
      - focuses human resources’ attention on activities that drive plan achievement
        
        compares the knowledge, skills and abilities demanded by the plan with what is in place
        
        establishes learning priorities to forecast training needs based on the capabilities gap
- - - - avert cost-cutting measures that could reduce your training budget if executives perceive it as overhead or superfluous which ensures that your employees get the skills and knowledge they need to perform effectively on the job.
        
        Indirect costs
        
        To
        
        develop
        
        implement
        
        analyze
        
        evaluate
        
        design
        
        maintain courses and materials
        
        Direct costs