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Training budget

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Training budget worksheet
Institution
Name

Exercise 5.4: Lesson plan description
Type of cost Description
Development costs Curriculum development
Materials
Implementation costs Instructor cost
Student cost
Materials
Facilities costs
Other costs Recording
Revisions to training
Information technology
Internal salaries (Moran,2013)
The following is a detailed training programme budget worksheet to expound on the plan requirements.
Assignment 6: Training cost data work sheet – 2018
Type of cost Estimated cost Multiplier Total cost
DEVELOPMENT COST
Curriculum development
External consultants
Internal salaries
Meals & travel
Materials
Presentation materials
Safety signs design
Equipment purchase(Moran,2013)
projector

$90
$100 $90 * 4 months
$100 * twice $360
$200
IMPLEMENTATION COSTS
External consultants
Travel & meals
Other company influence
Student cost (Moran,2013)
Salaries
Meals
Others
Materials
Student manuals
Student rentals
Facilities expense
Catering
Cost of machines
Personnel involvement $55 per hour
$40 per head
$30 monthly
$20 daily $55 * 200hrs
$40 * 50 employees
$30 * 12 months
$20 * 360 days
$11,000
$2,000
$460
$7200
OTHER EXPENSES
Hazard control
Hazard identification
Employee information
Program evaluation
Multi-employer works $600 yearly $600 * 1year $600
TOTAL $21,820
Occupational safety and health administration has provided standards required by all workplaces.

Wait! Training budget paper is just an example!

Carter’s company deals in risky equipment and therefore personal and employee training on security will assist in reducing chances of danger occurrence and production decline. The paper has provided guidelines on the procedures involved in organizing a proper budget worksheet starting with a plan. From the table above, it is evident that to provide a budget plan for a company on safety and health training, it is imperative to consider a programming guideline appropriately. The budget must clarify the current company baseline, examine the effect of safety and health programmes on all injury types and lastly gather improved data on programme cost (Moran, 2013). The organization, in turn, receives good management plan before training and in instances, injuries from accidents are minimized (Moran, 2013). Ultimately, the cost on injuries management is not incurred, and lots of cash is directed into the firm for smooth and escalated productivity hence proper budget plan should be encouraged in companies dealing in production to realize maximum profits.
References
Moran, R. (2013). Workplace safety and health. Gao Reports, 1-40.

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