Training Spend Rate Calculator is a ready excel template to calculate percentage of Training cost spent against HR Costs and Operating Costs.
This template consists of predefine formulas. Just enter require data and template will automatically calculate Training Spend Rate for you.
What is Training Spend Rate?
Training Spend Rate is an HR metric used to calculate percentage of training cost spent against human capital costs as well as operating costs.
Usually, this metric is calculated annually against total human capital cost as well as total operating costs. It helps the management to know effectiveness of recruiting process and also helps to understand effect of training costs on operating costs.
Training Spend Rate Calculator Excel Template
We have create a simple and easy for Training Spend Rate Calculator Excel Template with predefine formulas. Moreover, This template calculates Training Spend Rate against HR Costs as well as Operating Costs.
So, with the help of this template, you can calculate the Training Spend Rate by directly entering the figures of respective heads.
In addition to this, you can also calculate Training Spend Rate with a detailed computation of Training Costs, HR Costs, and Operating Costs.
Therefore, This template can be helpful to HR professionals, HR assistants to get insights into the proportion of training costs spent over a specific period of time.
How To Use Training Spend Rate Calculator Excel Template
This template consists of 2 sections:
- Training Spend Rate
- Detailed Training Spend Rate
1. Training Spend Rate
Furthermore, In this section, just enter the following 3 details:
So, Enter the following details and it will calculate TSR against the HR Costs as well as the Operating Cost.
2. Training Spend Rate (Detailed)
Moreover, This section consists of the computing of each head in detail.
There are 4 subsections:
A. Training Costs
Training Material Costs
Facility Costs (Rents)
Traveling and Living Cost
Loss of Productivity of Trainees
Loss of Productivity of Administration Staff
B. Operating Costs
Repairs to building or equipment
Employee benefits such as health insurance
Accountancy and legal fees
C. HR Costs
Thus, Enter amounts of expenses against respective head and it will provide you with final total. Additionally, it will calculate the TSR against HR and operating costs for you.
Training Spend Rate (HR)
Training Spend Rate (OE