calculating the cost and benefits of training

1. Complete the exercise at the end of Ch 7: Calculating the Costs and Benefits of Training.
2. The example provided in the chapter exercise scenario is presented as a post-test-only with control design; create a quick reference chart of the various training designs presented in Appendix 7-1. This chart will be helpful if you are planning to study for any of the HR certification exams.
3. Think about a current or past situation that you were either part of or aware of. Briefly describe the situation. Based on the work environment, the situation at hand, and the resources available, which type of training design do you think would be (or would have been) most appropriate? Why?

Calculating the Cost Benefit of Training – Helpful Information

In your text, you will find the explanations for each of the items in the presented equation and some of the information to use in the calculation under the Utility Analysis section of Chapter 7; the rest of the necessary information is in the Exercise. The set-up is difficult in the text, because the pages are not facing each other, so my suggestion is to take a picture of the page with the explanations on your phone, or write them out, then go to the page with the Exercise scenario, and fill in the actual information from the scenario for each item in the equation. I think this is a helpful way to accomplish this. Presenting the correct calculation is important; however, equally as important is the ability put the information together by following each step, and for students to realize the various cost considerations – just do your best