Training Cost
Expense of developing employee skills: trainer fees, course fees, time away from work, materials.
Formula
Training Cost = Trainer Fees + Course Fees + Lost Output + Materials
Real World
Jaguar Land Rover invests over £3,000 per apprentice annually in off-the-job training, viewing it as essential to maintaining the skilled engineering workforce needed for electric vehicle production.
Exam Focus
Frame training costs as an investment not just an expense — link to long-run productivity gains to access top marks.
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