TRAINING COST ANALYSIS STATEMENT
Training Program Details |
Training Program Name | Sales Training Workshop |
Duration of Training | March 1, 2023 - March 5, 2023 |
Target Audience | Sales Team |
Training Provider | ABC Training Solutions |
Cost Breakdown
Expense Category | Cost ($) |
Instructional Costs | $6,000 |
Materials and Resources | $2,500 |
Facility Costs | $1,200 |
Technology Costs | $800 |
Administrative Costs | $500 |
Travel and Accommodation | $3,000 |
Evaluation and Assessment | $750 |
Miscellaneous Costs | $300 |
Total Training Cost | $14,550 |
Benefits and Outcomes
Increased product knowledge
Improved sales techniques
Enhanced customer service skills
Cost-Benefit Analysis
Total Training Costs: $14,550
Expected/Realized Benefits: $30,000 (Estimated increase in sales revenue)
Return on Investment (ROI): 106.16% (ROI = ($30,000 - $14,550) / $14,550 * 100%)
Recommendations The training program has yielded a positive ROI, indicating its effectiveness. Consider exploring more cost-effective training materials and resources. Continuously monitor and assess the impact of training on sales performance.
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