Enter the total training budget ($) and the number of employees to be trained into the Training Cost Calculator. The calculator will evaluate and display the Training Cost. 

Training Cost Formula

The following formula is used to calculate the Training Cost. 

TC = TB / E
  • Where TC is the Training Cost ($/employee)
  • TB is the total training budget ($) 
  • #E is the number of employees to be trained 

To calculate training cost, divide the training budget by the number of employees to be trained.

How to Calculate Training Cost?

The following example problems outline how to calculate Training Cost.

Example Problem #1:

  1. First, determine the total training budget ($). The total training budget ($) is given as 9000.
  2. Next, determine the number of employees to be trained. The number of employees to be trained is provided as 100.
  3. Finally, calculate the Training Cost using the equation above: 

TC = TB / #E

The values given above are inserted into the equation below:

TC = 9000 / 100 = 900 ($/employee)

FAQ

What factors can affect the total training budget?

The total training budget can be influenced by several factors including the complexity of the training program, the duration of the training, the qualifications of the trainers, the use of technology or specialized equipment, and the location of the training sessions.

How can a company reduce its training costs without compromising the quality of training?

Companies can reduce training costs by utilizing online training platforms, which can be more cost-effective than in-person sessions. Additionally, developing in-house training programs, leveraging government grants or subsidies for training, and optimizing the number of participants to ensure full classes can also help in reducing costs.

Is it more cost-effective to train employees in groups or individually?

Training employees in groups is generally more cost-effective than individual training sessions. Group training allows for the distribution of fixed costs, such as trainer fees and materials, across a larger number of participants, reducing the cost per employee. However, the effectiveness of group versus individual training can vary depending on the subject matter and the learners’ needs.