RETURN ON TRAINING INVESTMENT
1. COST OF TRAINING
(a) Number of employees attending training
(b) Direct costs of training per employee $ E.g. training fee + transport + meals + material costs
(c) Cost of lost work per employee $ Hours of work missed x hourly rate
(d) Lost sales per employee $ For sales staff only:
Hours of work missed x hourly sales
(Note: hourly sales = employees monthly sales / 40 hours)
Number of employees eligible for Traineeship Grant More information can be obtained by contacting the Institute's Client Solutions Team
 
TOTAL COSTS
 $
2. BENEFITS OF TRAINING (fill in all or any of the fields)
Increased productivity per annum:
(e) Current productivity per employee $ Total staff expenses / total no. of employees
(f) Rate of productivity increase % % The estimated rate of 30% is based on research* - you can enter your own estimate
  INCREASED PRODUCTIVITY (PER ANNUM) $
Reduction in staff turnover per annum:
(g) Current staff turnover rate % % No. of staff who left over the last 12 months / total no. of staff x 100
(h) Cost of hiring and training new staff  (% of total payroll) % % The estimated rate of 150% is based on research* - you can enter your own estimate.
(i) Total payroll of employees attending training $
(j) Turnover reduction rate % % The estimated rate of 35% is based on research* - you can enter your own estimate.
  REDUCTION IN STAFF TURNOVER (PER ANNUM) $
Increase in business per annum:
(k) Current sales per employee $ Total sales / no. of 'sales' employees
(l) Increase in sales rate % % The estimated rate of 10% is based on research - you can enter your own estimate.
  INCREASE IN SALES (PER ANNUM) $
TOTAL BENEFITS
 $
RETURN ON INVESTMENT
 
*RESEARCH: Information obtained from Australian National Training Authority