What are the typical costs associated with employee training?

What are the typical costs associated with employee training?

The costs can vary widely, but on average, companies spend about $1,200 per employee per year on training.

What factors influence these costs?

Factors include the type of training, duration, delivery method, and whether it's in-house or outsourced.

Are there any hidden costs I should be aware of?

Yes, hidden costs can include materials, lost productivity during training, and follow-up assessments.

How can I budget for employee training effectively?

Start by assessing your training needs, set clear objectives, and allocate a percentage of your payroll budget.