How to treat training as an investment
1987
Haislip, O.L. Jr
A technical report provides a simple approach, based on basic concepts and straight-forward arithmetic, to successfully propose a training project that management will fund. The approach is based on the principle that training is an investment of capital resources at the present time for a future return that is more valuable than the present expense. A typical case is given, complete with calculations, annual cost estimates, and a benefit-cost analysis, with the result that: (1) the present cost of the proposed training project and the present value of the return were calculated to be $17,175 and $43,816, respectively; and (2) the return on the project, from benefit-cost analysis, would be $13,548 greater than the return expected from investments of equivalent risk (representing a high benefit-cost ratio of 1.45).(mjs)
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