What is cost value relationship, HR Management

Q. What is Cost value relationship ?

Cost value relationship: cost factor in the training should be taken into consideration in evaluating the training effectiveness. Cost of the various techniques of training and their value in the form of reduced learning time, improved learning and higher performance can be taken into account. Cost of training includes cost of the employing trainers and trainees, providing the means to learn, maintenance and running of training centres, wastage of low level of production opportunities cost of the trainees and trainers etc. the value of the training and trainer and their contribution to raise production, reduce wastage, breakage, minimization of time requirements etc. Cost value relationship of a training programme or a training technique is helpful in:

a. Determining the priorities for the training (for present and potential managers, age structure of the trainees etc.)

b. Matching the employee and job through training.

c. Determining the worth of the management scarifies (like time taken by the training programme, non availability of staff for production during training period etc.

d. Choosing the right training method.

Posted Date: 6/22/2013 7:43:42 AM | Location : United States

Related Discussions:- What is cost value relationship, Assignment Help, Ask Question on What is cost value relationship, Get Answer, Expert's Help, What is cost value relationship Discussions

Write discussion on What is cost value relationship
Your posts are moderated
Related Questions
I have an assigment to write a 3 pages essay. I only need help with brain stroming, which points should I talk about. here is the case You are a new administrator at a hospital, we

Question: Human resource planning is ‘the process for ensuring that the human resource requirements of an organization are identified and plans are made for satisfying those re

Question 1: Performance Appraisal "is the process of evaluating the performance and qualifications of the employees in terms of the requirements of the job for which he is empl

Unstructured and Indirect Interview: It has been found that the researchers face varied problems Owings to the unwillingness of the respondents to reveal all the information.


Q. Paired comparison method of appraisal ? Paired comparison method: under this method, the appraiser compares each employee with every other employee, one at a time. For examp

Sampling Methods: It is not always feasible or necessary to contact everyone in a population. Instead, a sample can be used, from which to generalise to the population as a wh

Effectiveness of human resources management Effectiveness of the various personnel programmes and practises can be measured or evaluated by means the organization health and hu

What is the Reasons for using text mining. a) Uncovering a "narrative" in an unstructured mass of text; b) Exploring how an environment, e.g. market, is evolving; and c)

Purposes and importance of the recruitment: The general purpose of the recruitment is too positive providing a pool of potentially qualified job candidates. Specifically, the