Training Expenses

What are Training Expenses?

This metric keeps track of your training expenses.

How to calculate Training Expenses?

($) training expense 1 + ($) training expense 2 + + ($) training expense n = ($) Training Expenses

You could also measure how much of your training budget has been spent, using the following formula:

($) total training expenses / ($) total training budget = (%) Training Budget Spent

Pros:

Companies that want to make sure they retain talent invest in its continuous development. Some companies allocate a fixed allowance per employee, while others have a more ad-hoc approach to training. Either way, it’s a great way to foster employee growth, which often nurtures fulfilment and workplace happiness.

Cons:

Tracking training expenses is useful, but make sure you also track how satisfied your employees are as a result of the training.

How should you visualize Training Expenses?

number viz icon bar-chart-viz-icon

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