A simple approach to cost-benefit analysis of industrial training is presented that uses easily obtainable data. Results regarding the social rate of return to company training suggest a shift of resources from individuals to companies. Comparisons between returns to company training and to institutional training are also presented. (MD)

This instructional module is designed to teach training managers how to calculate training costs, measure the effectiveness of training, and determine the cost effectiveness of training. It is organized in three parts. Part 1 points out why some training managers are reluctant to determine the cost effectiveness of training. It discusses the need…

This document discusses the issues that need to be considered by the education and training system as it responds to the changing needs of industry in Great Britain. Following a general introduction, the development of quality management ideas is traced. The underlying principles of safety and risk management are clarified and the implications of…