HROB 3090 Lecture Notes - Lecture 7: Standard Deviation, Exact Sciences, Job Performance

• School: University of Guelph
• Department: Human Resources and Organizational Behaviour
• Course: HROB 3090
• Professor: Rhonda Gordon

Document Summary

Cosing the process of idenifying all the expenditures used in training. Criical consideraion in training design, development, delivery and evaluaion. Is diicult, but necessary to determine value or return on investment to organizaion. According to stages: needs analysis, program development, delivery, and evaluaion. According to nature or kind of costs: 5 cost categories, direct costs, indirect costs, development costs, overhead costs, trainee compensaion. Roi net beneits the esimated value of the performance improvement minus the cost of the training program beneit-cost raio the beneit divided by the cost of the training program. A comparison of the cost of a training program relaive to its beneits. This involves dividing the net beneit by the cost of the training program. Roi = (beneits cost of the program)/cost of the program. A method of forecasing the inancial beneits that result from hr programs such as training and development. Assumpions and judgements have yet to be made.