Training ROI Calculator
Dr. Wildermuth created this Excel spreadsheet to demonstrate the cost of training and a possible way to calculate its benefits. To use it, substitute the various cell contents for the actual salaries of participants and complete your actual training costs on each worksheet.
A couple of important caveats: Multiple types of bias may impact the estimates of training results. For example, trainees might have learned the skills anyway through peer observation or experience. External variables (for example, a better economy) could impact results regardless of training. ROI estimates, therefore, are just that - estimates. For more information on research biases, watch THIS PRESENTATION by Dr. Wildermuth.
A couple of important caveats: Multiple types of bias may impact the estimates of training results. For example, trainees might have learned the skills anyway through peer observation or experience. External variables (for example, a better economy) could impact results regardless of training. ROI estimates, therefore, are just that - estimates. For more information on research biases, watch THIS PRESENTATION by Dr. Wildermuth.

Training ROI Excel Calculator |