EDUC 240 Lecture Notes - Lecture 6: Effect Size, Job Performance, Standard Deviation
Document Summary
Objective 1: explain why organizations should calculate the costs and benefits of training and development programs. Costs that are directly linked to the training program. Costs that are incurred to support training activities, but are not directly linked to a training program in particular. These are costs that would still exist even if the training was cancelled: administrative support, trainer preparation and planning, marketing. Costs that are associated with the design of a training program: manuals, graphics etc Costs incurred by the training department that are not associated with a particular training program: maintenance on training facility, equipment, salaries of clerical and admin staff. Cost associated with the salaries and benefits paid to trainees while they are attending a training program (subsequently not working: cost of replacing the employees. Objective 2: describe the different approaches for costing training programs. Cost-effectiveness evaluation: a comparison of the monetary costs of training to the benefits of training in monetary terms.
