Major Hurdles In Cost-Benefit Analysis

2) Write unaw ares notes on: (i) Major hurdles in address-benefit abridgment (ii) Calculating raising be (iii) Measuring knowledge benefits (i)Major hurdles in Cost-Benefits Analysis Major Hurdles in address-benefit summary includes; 1. Training is an change function and in times of crisis it is withal late to break down nurture. Training operates on a long time scale leaf than early(a) enthronements. Management seek for survival in the short run expect microscopical results whereas lead time for training is comparatively high and whence it is difficult to measure the returns instantaneously after training. 2. Training is an investment in creating human outstanding. If a confederation 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 organisation activity. 3. Similarly mea suring results are fraught with difficulties. A company wanting to promote its sales trains its sales personnel and indeed sets to compare their after training sales. Can the increase in sales be attributed to training and/or other factors lend simultaneously to that situation. Logically one will compare the practised managers market performance with those not trained, but the outcome over again crowd out be attributed to other organizational factors.

(ii)Calculating Training Costs Costs are charges incurred for training and hind end be divided to: * External Training Course Costs including o The fees charged to the organ! ization by the trainer 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 damage of production as a result of the trainees absence seizure * 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 moon essay, order it on our website: OrderCustomPaper.com

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