Training Spend Rate Calculator is a ready-to-use excel template to calculate the percentage of Training cost spent against HR Costs and Operating Costs.
This template consists of predefined formulas. Just enter the required data and the template will automatically calculate the Training Spend Rate for you.
What is Training Spend Rate?
Training Spend Rate is an HR metric used to calculate the percentage of training cost spent against human capital costs as well as the operating costs.
Usually, this metric is calculated annually against the total human capital cost as well as the total operating costs. It helps the management to know the effectiveness of the recruiting process and also helps to understand the effect of training costs on operating costs.
Formula To Calculate Training Spend Rate against HR Costs
Formula To Calculate Training Spend Rate against Operating Costs
Training Spend Rate Calculator Excel Template
We have created a simple and easy for Training Spend Rate Calculator Excel Template with predefined formulas. This template calculates Training Spend Rate against the HR Costs as well as the Operating Costs.
Thus, with the help of this template, you can calculate the Training Spend Rate by directly entering the figures of respective heads.
In addition to that, you can also calculate Training Spend Rate with a detailed computation of Training Costs, HR Costs, and Operating Costs.
You can download other useful HR Metrics Templates like Benefits Spend Rate Calculator, Base Salary Increase Rate Calculator, Total Compensation Spend Rate Calculator, Annual Benefit Spend Change Report and many more from our website.
This template can be helpful to HR professionals, HR assistants to get insights into the proportion of training costs spent over a specific period of time.
How To Use Training Spend Rate Calculator Excel Template?
This Template consists of 2 sections:
- Training Spend Rate
- Detailed Training Spend Rate
1. Training Spend Rate
In this section, just enter the following 3 details:
Enter the following details and it will calculate TSR against the HR Costs as well as the Operating Costs.
2. Training Spend Rate (Detailed)
This section consists the computing of each head in detail.
There are 4 subsections:
A. Training Costs
Training Material Costs
Facility Costs (Rents)
Traveling and Living Costs
Loss of Productivity of Trainees
Loss of Productivity of Administration Staff
B. Operating Costs
Repairs to a building or equipment
Employee benefits such as health insurance
Accountancy and legal fees
C. HR Costs
Enter amounts of expenses against the respective head and it will provide you with the final total. Additionally, it will calculate the TSR against HR and operating costs for you.
Training Spend Rate (HR)
Training Spend Rate (OE)
In addition to the above, you can also download Excel templates in other categories like HR and Payroll, Financial Analysis, Financial Statements, etc
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