Training Program Cost-Effectiveness

When evaluating the cost-effectiveness of a training program, which of the following should not be considered?

• Direct costs (trainer fees, materials, venue)

• Indirect costs (lost productivity during training, travel)

• Increased employee performance and revenue

• Potential future lawsuits due to inadequate training

Which training format typically has the highest direct cost per participant?

• Online e-learning module

• On-the-job mentoring program

• External workshop with renowned expert

• Self-study with provided reading materials

A company is considering two training options: a one-time in-person program and an ongoing subscription to an online learning platform. Which factors should be considered when comparing long-term costs?

• Initial purchase price and potential discounts

• Trainer fees and travel expenses

• Expected employee utilization and engagement

• All of the above

In-direct costs can significantly inflate the overall cost of training. Which of the following is not a typical In-direct cost?

• Lost productivity due to time spent preparing for training

• Additional overtime pay for covering trainee workloads

• Negative morale among employees who are not selected for training

• Administrative costs associated with managing the training program

Technology can be both a cost-saving and cost-increasing factor in training. Which of the following technologies is typically most expensive to implement?

• Learning management system (LMS)

• Collaborative online learning platform

• Pre-recorded video lectures

• Mobile learning apps

Budget constraints often require HR professionals to make difficult decisions about training allocation. Which of the following criteria is least relevant for prioritizing training programs?

• Alignment with organizational goals and strategic objectives

• Addressing critical skill gaps and performance needs

• Training costs and potential for return on investment

• Employee preferences and learning styles

A company is considering two training options: sending employees to a conference or providing online e-learning modules. Which option is typically more cost-effective for a large group of employees?

• Conference (travel, venue, accommodation costs)

• Online e-learning modules (licensing fees, potential hardware needs)

• On the job

• Classroom