Download Training Spend Rate Calculator Template In Excel

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:

  1. Training Spend Rate
  2. Detailed Training Spend Rate

1. Training Spend Rate

Furthermore, In this section, just enter the following 3 details:

Training Costs
HR Costs
Operating Cost

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

Instructor Cost
Training Material Costs
Facility Costs (Rents)
Training Equipment
Traveling and Living Cost
Food Costs
Loss of Productivity of Trainees
Loss of Productivity of Administration Staff

B. Operating Costs

Repairs to building or equipment
Travel cost
Pension contributions
Employee benefits such as health insurance
Accountancy and legal fees
Property tax
Utility costs
Office supplies

C. HR Costs

Fixed Compensation
Variable Compensations
Indirect Cost

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.

D. Summary

Training Spend Rate (HR)
Training Spend Rate (OE

Download this Training Spend Rate Calculator 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 Spend Rate Calculator Excel Template

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