Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Personnel Today

Register
Log in
Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+

Learning & developmentWorkplace Issues and AdviceTraining needs analysisTraining strategies

What to spend on training

by Personnel Today 9 Oct 2008
by Personnel Today 9 Oct 2008

The training and development spend of the organisation is a key piece of information that HR should have at its fingertips.

The debate about what percentage of profit should be spent has been widely reported on and argued about in the press.

The ideal ratio is likely to vary considerably depending on industry sector, business size and other variables, but one thing is clear: this ratio can be used as a measure for the commitment of the business to its people, and the development of capabilities and skills for the business.

The percentage of profit spent on training is a measure that business gurus talk about.

Companies like to quote it in their reports and accounts. However, the real measure of a company’s commitment to development is more complex than simply examining the percentage of money spent.

It ultimately comes down to whether the training and development has a measurable impact on the quality of your product, output or service to the customer.

To measure the impact of your training it is vital to establish exactly how you plan to set about measuring it.

Measurement criteria should be agreed, established, and seen as integral to the whole activity before it even begins.

And the measurement tools need to be specific to the goals of the training and how the business might benefit.

So if, for example, the company is conducting sales training, do the sales people sell more goods after the event than they did before?

If you train people to manage their teams better, measurement should make use of ‘before and after’ analysis alongside employee engagement statistics.

It is in HR’s interests to be able to demonstrate the difference it makes to the business with training and development initiatives instead of simply being able to demonstrate its cost.

And if you are achieving demonstrable results through your activity, it will inevitably lead to more receptivity from the business to your training and development initiatives – and potentially an increase in that ratio.

Avatar
Personnel Today

previous post
Training budget surveys serve up wildly different responses to downturn
next post
Agenda for Change court challenge could lead to flood of equal pay claims

You may also like

Young people’s skills don’t match employer needs, finds...

11 May 2022

How flexible learning can close the digital skills...

9 May 2022

Productivity blighted by users’ tech problems, research reveals

6 May 2022

PwC staff to benefit from extended summer hours...

5 May 2022

MPs vote against further NHS workforce planning requirements

29 Apr 2022

Bar staff training needed to tackle drinks spiking,...

26 Apr 2022

Half of employers want to replace apprenticeship levy...

7 Apr 2022

Learning and talent management: how a united strategy...

2 Apr 2022

Demand for L&D professionals soars as firms prioritise...

30 Mar 2022

‘Clear market failure’ to meet reskilling needs, say...

15 Mar 2022
  • Apprenticeships are the solution to your recruitment problems PROMOTED | Apprenticeships have the pulling power...Read more
  • What it really means to be mentally fit PROMOTED | What is mental fitness...Read more
  • How music can help to ease anxiety at work PROMOTED | A lot has happened since March 2020, hasn’t it?...Read more
  • Why now is the time to plug the unhealthy gap PROMOTED | We’ve all heard the term ‘health is wealth’...Read more

Personnel Today Jobs
 

Search Jobs

PERSONNEL TODAY

About us
Contact us
Browse all HR topics
Email newsletters
Content feeds
Cookies policy
Privacy policy
Terms and conditions

JOBS

Personnel Today Jobs
Post a job
Why advertise with us?

EVENTS & PRODUCTS

The Personnel Today Awards
The RAD Awards
Employee Benefits
Forum for Expatriate Management
OHW+
Whatmedia

ADVERTISING & PR

Advertising opportunities
Features list 2022

  • Facebook
  • Twitter
  • Instagram
  • Linkedin


© 2011 - 2022 DVV Media International Ltd

Personnel Today
  • Home
    • All PT content
    • Advertise
  • Email sign-up
  • Topics
    • HR Practice
    • Employee relations
    • Equality, diversity and inclusion
    • Learning & training
    • Pay & benefits
    • Wellbeing
    • Recruitment & retention
    • HR strategy
    • HR Tech
    • The HR profession
    • Global
    • All HR topics
  • Legal
    • Case law
    • Commentary
    • Flexible working
    • Legal timetable
    • Shared parental leave
    • Redundancy
    • Maternity & Paternity
    • TUPE
    • Disciplinary and grievances
    • Employer’s guides
  • AWARDS
    • Personnel Today Awards
    • The RAD Awards
    • OHW Awards
  • Jobs
    • Find a job
    • Jobs by email
    • Careers advice
    • Post a job
  • XpertHR
    • Learn more
    • Products
    • Pricing
    • Free trial
    • Subscribe
    • XpertHR USA
  • Webinars
  • OHW+