Download Training Cost Per Employee Template In Excel

Training Cost Per Employee Calculator is a ready-to-use excel template with predefine formulas to calculate the training cost spent on each employee.

Moreover, you just need to enter total cost spent on training and the number of trainees and it will automatically calculate the Training Cost Per Employee (TCPE) for you.

What does Training Costs include?

The amounts spent on training of employees are training costs. But in HR, it has a broader meaning. While calculating the total training cost it includes instructor cost, facility costs, equipment costs, loss of productivity and many more.

Formula To Calculate

This is also known as TCPE is total training cost divided by number of trainees.

TCPE = Training Costs/Number of Trainees

When we calculate training cost, we include instructor costs, facility costs, equipment costs, travel costs, living costs, food costs, and forget to include the loss of productivity. Loss of productivity is loss of work due to absence of an employee for training purposes.

In addition to this, some of our regular staff also administrates training sessions. This also must be included in loss of productivity. Thus, the TCPE will be incomplete without loss of productivity.

Training Cost Per Employee Calculator

To help you easily calculate Training Cost Per Employee, we have create the Employee Calculator in excel with predefine formulas.

The template is very simple to use. You just need to enter required data and it will calculate the TCPE for you.

This template can be useful to HR assistants, HR professionals, HR Managers, and small and medium business owners.

Cost Per Employee Calculator Excel Template?

This template consists of 2 sections:

  1. Train Cost Per Employee
  2. Training Cost Per Employee Detailed Calculations

1. Training Cost (Basic)

In this section, you need to enter only two details; Total Training Costs and Number of Trainees. Apply basic formula it will calculate TCPE for you.

2. Detailed Calculations

This section help you calculate. Here are 2 parts A and B.

Section A consists of following details:

Instructor Cost
Training Material Cost
Facility Costs (Rental)
Training Equipment Costs
Traveling and Living Costs
Food Cost

Section B consists of following details:

Loss of Productivity of Trainees
Loss of Productivity of Administration Staff

Training Cost is sum of Section A and Section B.

Now applying given formula:

Training Cost Per Employee = Total Training Cost / Total Number of Trainees

Where: Total Training Cost = General Costs + Loss of Productivity

Download this Training Cost Per Employee template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get Training Cost Per Employee Excel Template

Instruction :

All Excel templates and tools are sole property of User can only download and use the excel templates for their Personal use only. All templates provided by XLSX templates are free and no payment is asked. However, you are not allowed to distribute or share in any other website for sole purpose of generating revenue from it.

 You can also download and use our 1000 Best PowerPoint Presentation Templates and 500 Resume Samples from  Completely Free. All our templates are designed by Professionals

Download Free Editable Excel Templates | Popular Templates

Insurance Quote Template

Insurance Quote

Introduction: Streamlining Insurance Quotations An insurance quote is a vital document in the insurance industry, serving as a preliminary estimate of premiums for potential clients.

Read More »
Freelance Quotation Template

Freelance Quotation

Introduction: Mastering Freelance Quotations In the world of freelancing, creating an effective quotation is crucial for outlining the scope and cost of your services to

Read More »
Fencing Quotation

Fencing Quotation

Introduction: Navigating Fencing Service Quotations A fencing service quotation is an essential tool for businesses in the fencing industry. It provides potential clients with a

Read More »
Event Planning Quote

Event Planning Quotations

Introduction: Excelling with Event Planning Quotations An event planning quote is a critical document for event planners, detailing proposed services and costs for organizing an

Read More »
Construction Quote Template

Construction Quote

Introduction: Optimizing Construction Quotations A construction quote is a fundamental document in the construction industry, serving as a formal proposal of costs for construction services

Read More »
Cleaning Quote

Cleaning Quote

Introduction: Perfecting Cleaning Service Quotations Creating an effective cleaning service quotation is crucial in the cleaning business. It serves as a formal proposal outlining the

Read More »

Free editable professional Excel templates can be a useful tool for businesses, organizations, and individuals looking to streamline their data management and reporting processes. These templates can provide a pre-designed and pre-formatted framework for storing and organizing data, as well as for creating charts, graphs, and other visualizations to help communicate that data more effectively.

One advantage of using professional Excel templates is that they are often designed by experienced professionals who understand best practices for data management and visualization. This means that the templates are likely to be well-organized, easy to understand, and aesthetically pleasing, which can make working with them more efficient and enjoyable.

Another advantage is that these templates are often fully editable, allowing users to customize them to meet the specific needs of their organization or project. This can include adding or deleting rows and columns, changing the formatting and layout, and adding custom formulas and functions.

Some examples of professional Excel templates that may be available for free include budgeting templates for personal or business use, project management templates for tracking tasks and deadlines, and sales tracking templates for analyzing and forecasting sales data. There are also a wide variety of templates available for specific industries, such as real estate, marketing, human resource, Payroll management and among others.

Overall, free editable professional Excel templates can be a valuable resource for anyone looking to improve their data management and analysis skills. By providing a pre-designed and customizable framework for storing, organizing, and visualizing data, these templates can help users save time and make more informed decisions.