Calculate your current training costs to identify savings opportunities.
1. Initial Training Costs (Per New Employee)
Supervisor time (hours) × Hourly rate:
_______ hrs × $_______ = $_______
Employee time during training:
_______ hrs × $_______ = $_______
Training materials/documentation:
$_______
Total per new employee:
$_______
2. Monthly Training-Related Costs
Mistakes requiring rework (employees × $200-500):
_______ × $_______ = $_______
Supervisor interruptions (hours × rate):
_______ hrs × $_______ = $_______
Lost productivity:
$_______
Total monthly cost:
$_______
3. Annual Training-Related Costs
Compliance violations (incidents × $1,000-5,000):
_______ × $_______ = $_______
Equipment damage (incidents × $500-2,000):
_______ × $_______ = $_______
Employee turnover (replacements × $1,500-3,000):
_______ × $_______ = $_______
Monthly costs × 12:
$_______ × 12 = $_______
Total annual cost:
$_______
☐ Training costs calculated and documented
☐ Cost per employee identified ($_______ per employee/year)