Calculating the Hidden Costs of Training Development
Does your company have a defined line item for employee training in its budget? If so, how accurate is it?
Many manufacturing companies develop most, or all, training content internally. And over 60% rely on paper and/or spreadsheets to manage all training activity. As a result, the true cost of training development and management is often invisible.
But that cost can and should be measured. And just as important, the opportunity cost when creating training internally. Those responsible for training development are typically the only ones that recognize how much time it requires, and how much more they could achieve if it wasn’t choking their calendars. The crux is how to convince executive leaders that additional technology and content resources are needed.
Join this complimentary webinar for some eye-opening takeaways.
- Step-by-step instructions for calculating the costs of training development, facilitation, and management
- Best practices for improving the quality of training materials while reducing the effort required
- A training cost calculator to help quantify needed resources at your facility
Sr. Consultant: Training & HR Optimization, Intertek Alchemy
Kristin is a Certified Change Management Practitioner and Gallup Certified Strengths Coach. She’s a sought-after consultant for a wide range of organizational challenges, including process mapping, organization and leadership development, people and project management, and training development and facilitation. Prior to Alchemy, Kristin held management roles at Conagra for 12 years where, along with co-presenter Joan Menke-Schaenzer, she worked to implement organizational change in both manufacturing facilities and corporate headquarters.
Senior Industry Analyst, Intertek Alchemy
Dante Dominick wears many hats for Intertek Alchemy. He has a long history of analyzing the market and collecting valuable industry data to help manufacturing leaders make informed operational decisions. Over the past 5 years, Dante has worked with hundreds of manufacturers and processers of all sizes. In his spare time, you can find Dante playing with his 7-month old puppy, Ollie, and helping around his wife’s busy art studio.