Major Hurdles In Cost-Benefit Analysis

2) Write unaw ares notes on: (i) Major hurdles in address-benefit outline (ii) Calculating teaching be (iii) Measuring knowledge benefits (i)Major hurdle in Cost-Benefits Analysis Major Hurdles in damage-benefit compendium includes; 1. Training is an change function and in times of crisis it is alike late to break down nurture. Training operates on a long time scale leaf than early(a) investments. Management seek for survival in the short run expect evident results whereas lead time for training is comparatively high and wherefore it is nasty to measure the returns instantaneously after training. 2. Training is an investment in creating human swell. If a caller-up spends a lakh rupee on bribe of furniture, it is tangible visible capital asset. The same invested in hoi polloi is locking up m unitaryy which is dangerously portable if deft people walk out of the presidential term activity. 3. Similarly measuring results are fraught with difficulties. A company wanting to promote its sales trains its sales personnel and therefore sets to compare their after training sales. Can the increase in sales be attributed to training and/or other factors bring simultaneously to that situation. Logically one will compare the adept managers market performance with those not trained, but the outcome once again crowd out be attributed to other organizational factors.

(ii)Calculating Training Costs Costs are charges incurred for training and put up be divided to: * External Training Course Costs including o T he fees charged to the organization by the t! rainer o The cost of travelling and accommodation involved o Costs incurred by the organizations staff in connection with arrangements for the trainees attendance o The trainees time o difference of production as a result of the trainees absence * For Internal training (in-house training) exact be are difficult to calculate and only a bonny estimate can be...If you want to get a full phase of the woolgather essay, order it on our website: OrderCustomPaper.com

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