I am currently thinking of conducting a training cost analysis in my company. The main objective of this exercise is to determine the cost (in actual $$$ or as close as possible)of each of our training programs. Many of programs were developed a while back, so actual figures may have changed or were not done at all. Furthermore, each hotel of our company does their own trainings, so not every hotel does the same trainings (except for new hire orientation).
In addition, at some point I want (at least I think I need) to determine the amount of hours spent in training per employee and per department. Perhaps even the cost of training per employee???

Have you done a similar exercise before? What should I keep in mind while executing this? Am I missing another analysis or another step that I should consider? Is this a productive exercise? Would you be able to share a sample template that you have used to conduct a similar exercise?

My goal is to ensure that training budgets are determined based on actual costs, plus the needs brought to life through the feedback collected (via needs analysis, feedback forms, etc.)

My company did not do any of this before. This will be the first time. I appreciate your feedback and comments.

Colleague, I would strongly suggest contacting the folks at NYC Metro Chapter.
They run numerous seminars and meetings etc that are first rate.

Nero Wolfe

Thank you Nero. I have already and I will be attending some of their seminars.

I appreciate your response.

Votagus7