Reference no: EM132520970

Point 1: The security guard basic training program must consist of 8 in-class hours and includes certification in Emergency Level First Aid.

Point 2: The security guard training program has proven to be a success over the years. For example, it is estimated that in the first year that the training program was rolled out in Ontario, payouts to families of civilians killed accidentally by security guards declined from $1,000,000 to $225,000. Cumulative costs of administering the training program for these companies included facilities rental of ($3,000), trainer salaries ($35,000), materials ($1,000) and administrative support ($3,500). Employee salary opportunity costs were calculated at $25 per hour for 1,000 security guards who were trained in the province.

Questions

Problem 1. Calculate the ROI after the first year of training for companies in Ontario who participated in the security guard training program.