Business and Money Tips

e veryone knows training pays, but is the return really infinite? I design this '4-Ways Training Leverage Chart' to illustrate how training pays: (the highlighted lines are the areas that training works on) No. of hours work         x Output per hour         = Output         x Quality of output         x Value Add        = Employee Value Now let's put in some numbers: No. of hours work is 40 x  Output per hour is 100 giving me output of 4,000 units If the  quality of each output is 80%  and the  value add is $10,  the employee value is simply 4,000 x 80% x $10 = $32,000 Suppossing the training increases this employee's productivity by 10%, all the  highlighted numbers  above will increase by 10%: No. of hours work              44 x                                         x Output per hour                110 =                                        = Output                             4,840 x