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How to budget for training costs

The practice of training cost budget is as follows:

According to the total cost in accordance with a certain proportion of the extraction, such as in accordance with the annual personnel costs of 3-8%, the annual turnover of 0.5-3%, the annual profit of 5-10% and so on, this extraction method if continued down to the very reference value, but also take into account the performance of the company to give adjustments. Of course, but also take into account the company's performance to give adjustment.

Narrow training budget: according to the development of the annual training plan to make each item of the cost of each training activity budget, this practice is also more recognized practice, the workload is slightly larger, applicable to the training work carried out more smoothly in the company, the market course offer and the establishment of the supplier database to ensure that this work can be achieved.

To do the training cost budget should be communicated with the financial subjects, general training costs, including instructor fees, teaching materials, travel, venue costs, equipment, tea and food, etc., a training program should be considered comprehensively these costs, make a rough budget. After the budget is arrived at, can be based on the total number of 10-20%, leaving some flexible space.

In the development of the training budget to consider a variety of factors, such as the development of the company's performance, the previous year's total cost of training, per capita training costs, etc., in the previous year on the basis of the progress of the training work to consider the proportion of the increase or reduction of the training budget. Comprehensive consideration, itemized list of various training activities and projects.