Training Expense per Employee
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Training Expense per Employee. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Training Expense per Employee?
The total training and development expense incurred by the company divided by the number of employees within the company receiving training (i.e., "learners") over the same time period. Training and development expenses typically include salaries for dedicated training employees and any external vendor expenses (e.g., training courses, training technology/products, etc.).
Why should Training Expense per Employee be measured?
Training Expense per Employee measures the average cost of training a single employee over a certain time period (typically measured annually). While training costs should be controlled and kept at reasonable levels, spending in this category must be weighed against the company's strategy in developing talent and overall capabilities throughout the organization. High quality training and employee development programs can boost workforce productivity, morale and work quality while also reducing employee turnover rates. Consistent, up-to-date training programs may be of particular importance within industries or job functions where employee/customer health and safety must be taken into account (e.g., heavy manufacturing, transportation, etc.). Typically, large organizations are able to achieve economies of scale related to training costs on a per employee basis, while small and medium-sized organizations can expect to pay more per employee to keep their training programs running and up-to-date.
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