Training Budget Templates

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Training Budget Templates

A Training Budget it is a plan for the right staff training which is important to the company. Trained staff is more valuable to the company as it will increase the employee’s performance, retention, engagement and productivity. They will also decrease the need for supervision, lower the number of customer complaints, reduce absenteeism and improve customer service which will definitely increase the company’s sales and improve the company’s productivity which is the key to succeed in any business. A well trained employee will make few mistakes and be more effective when dealing with customers. Employee training makes the employees feel valued and appreciated which can also increase their commitment and personal confidence in their work. Planning an employee Training Budget will provide the company with knowledgeable and efficient staff. This article will focus on the Training Budget guidelines for your assistance.

The Initial Training Program:

This part of the Training Budget will include the cost for the initial communication about the training program, the costs of the phone calls and emails sent to employees to notify them about the upcoming training programs/events, and pass more information about the training.

Training Delivery:

This section of the Training Budget will show the records of the training delivery costs such as the costs of training classes, video tutorial, e-learning and the course fees. Here you can also include the costs of the training delivery that might arise during the training program.

Training Space and Facility:

Here the Training Budget will show the costs of the space that is required to conduct the staff training, such as the training room. Mention clearly if it is a rental space and also describe the training facilities like chairs and tables, computers/laptops, etc.

Training Materials:

For an effective Training Budget, you should plan and show the costs of the training materials that the employees will require for the training materials such as workbooks, videos, projectors and any other material that may be necessary.

Staff Time:

The Training Budget should show the staff payments for the training hours and also show payments for replacement time. Training Budget should include the payments for the employees who will take/replace the work positions for the staff gone for training. Employees need to be paid for the training hour; this will motivate them and you can expect good results from them during and after the training.

Instructor Fee:

The Training Budget should also include the instructor’s fee charges. But in order to cut down the cost of staff training, you can opt for e-learning which is more cost effective than hiring a tutor or instructor to train your staff for a particular program.

Staff Participation Expenses:

These are the expenses required by the staff to participate in the training. These may include basic things such as travel expenses, lodging and meals expenses. The Training Budget should indicate expenses for the transportation and accommodation for the employees during the training.

Staff Upkeep:

The Training Budget should cater the staff upkeep while the training is ongoing. Upkeep is for things like leisure, entertainment and hobbies.

Contingencies:

This section includes the emergency budget and the miscellaneous costs.

Sample Training Budget Templates   

Here is preview of Training Budget Template From stationerytemplates.org,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,

Sample Training Budget Templates   

Here is preview of Training Budget Template in MS Excel Format,

Here is download link for this Training Budget Template,