How To Manage Training: Facilitating Workplace Learning for High Performance

6Keeper of the Budget

Learning Objectives

By the end of this chapter, you should be able to:

• Identify three sources of training funding.

• Describe four items to consider in creating a training budget.

• State and apply the formulas for productivity and return on investment.

• List four items to include on a request for proposal.

INTRODUCTION

An It’s a good thing to be reminded that the purpose of doing business is to make money. It’s easy to fall into the mindset that often portrays training as the answer to all problems, especially if you’ve just agreed—with some sense of idealism—to be in charge of training.

You know now that training is ...