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What Would Be the Average Cost for Training an Employee

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What would be the average cost for training an employee? The training staff in the Human Resources Department is proposing a computer-based training program for 200 employees and needs to prepare a budget for the time and cost of the training. The training program will be 30 minutes in length. The employees can take the training online at any time. There are 200 employees to be trained. The rate of pay for 50 of the employees is $15.50 per hour. The rate of pay for 50 employees is $12.00 per hour. The rate of pay for the other 100 employees is $18.00.


Definitions:

Savings Account

A bank account that earns interest, offering a secure place for an individual to store their money.

Adult Learning Cycle

A concept in education theory describing the continuous process of learning that adults engage in, involving experiencing, reflecting, thinking, and acting.

Financial Resources

Monetary assets or capital available to an individual or organization for spending or investment.

Professional Group

An organization or association of individuals in the same profession, aimed at advancing their collective interests and enhancing their field.

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