From the course: Foundations of Corporate Training
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Impact of learning costs on project investments
From the course: Foundations of Corporate Training
Impact of learning costs on project investments
- Have you ever considered the impact your training costs have on a business project or investment? Your business leaders have many methods to evaluate the profitability or at least the financial benefit of major business initiatives, like purchasing equipment or launching a new product. And the success of these major initiatives depend on the support of internal activities like training. For any learning investment or training contribution to a major project, prepare to answer these questions. What's the initial cost of the investment? How long will the training last and the training asset be used? What are the expected operational costs to support the investment? What are the positive financial results or savings? I recall working with a major manufacturing company, launching a new line of organic cosmetics. The product launch required educating the retailers and sales team about the product. Management expected to incur most of the costs in the first few years and training costs…
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.