Training Cost
Expense of developing employee skills: trainer fees, course fees, time away from work, materials.
Formula
Training Cost = Trainer fees + Course fees + Materials + Lost productivity
Real World
Tesco spends hundreds of millions annually on staff development; despite the short-term cost, it credits training with reducing staff turnover and maintaining customer service standards.
Exam Focus
Frame training as a long-term investment, not just a cost — use cost-benefit logic to evaluate whether it improves productivity or retention.
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