Does anyone know is there a average industry standard dollar value for cost of traning per student?

Cost of training per student will be specific to your organization and moreover within your organization it will be specific to each training program itself.

For what purpose were you attempting to obtain an industry average? Perhaps that might help generate some ideas for you, if we knew what you were looking for and why.

Hello, we know that we are saving money and time by convering some of our trianing to on-line. However, we have no existing baseline data to generate a dollar value for that savings. We thought if there is an inductry standard used for this we would apply that number.

quote:

Originally posted by Kris Blanchard:
Hello, we know that we are saving money and time by convering some of our trianing to on-line. However, we have no existing baseline data to generate a dollar value for that savings. We thought if there is an inductry standard used for this we would apply that number.

But you do have existing baseline data-- the cost of the current in person training.

Take all your costs and compute the in person version of the training, then do the same thing for the online version.

As a matter of fact, Jeane Barbazette had a handout at the Training Tech Solutions conference in 2007 that might help you. It's a very basic cost analysis example to help you get started. I've linked to it, so you can take a look.

And don't assume you are saving money, because you might not be. Development time for an online course can eat any "savings" associated with moving it to that platform. You really need to do the analysis with your own data, not industry averages.

And, there may be other factors besides the direct costs that drive the move to online courses. Cost drives many things we do, but not everything.

Just some ideas.