Training budget refers to all the expenses required by the training department within a period of time (usually 12 months). These expenses will be used for training within the organization. It is normal that the total budget for organizing training is different, but there should be an appropriate proportion.
The total training budget of large international companies generally accounts for 1%-3% of the total sales in the previous year, reaching as high as 7%, with an average of 1.5%, while many domestic enterprises are below 0.5%.
Accurate data of training expenses are usually difficult to obtain, but we can estimate the approximate sum of various training expenses in a specific period. This method of estimating cost, once approved by the management, is called budget.
Generally speaking, the determination of course cost includes three aspects: the cost of preparing lessons, the cost of tutoring courses and the cost of management.
(1) preparation fee. Including typing costs, communication costs, course design costs and other pre-class preparation costs.
(2) The cost of the instruction course is directly related to the training program.
Generally, it includes trainer's salary, student's salary, venue fee, consulting fee, food fee, accommodation fee, etc.
(3) Management expenses. Including salary evaluation expenses, transportation expenses, staff expenses, leaflets, manuals, paper and pens, folders and other office miscellaneous expenses during the training period.