Tabulating and presenting training cost data will facilitate evaluation of programs and analyses of training cost-effectiveness. (JOW)

The article defines the major elements (fundamental questions, basic assumptions, anticipated costs, projected savings, and return on investment) of a cost model, discusses the function and importance of each of these elements, and illustrates the development and construction of a cost model through an analysis of a hypothetical speed reading…

Various types of human resource accounting systems are described and analyzed: asset models, expense models, the utility formula, cost/benefit analysis, and a comprehensive program design. Steps in this last design (e.g., review all jobs in the organization, analyze training needs for targeted jobs, determine training programs that have the…

Thirty-five training managers in central Ohio were interviewed about their use of cost-benefit analysis. Incentives for its use are justifying and marketing training programs, acquiring resources, setting priorities, and increasing management support. Disadvantages include difficulty of quantifying training effects, subjectivity, cost, and…