Hello everyone,
I need a basic outline on how to prepare a "training budget". It would be great if the following points are covered in it:
1. How to allocate funds for training activities.
2. Process of getting budget approval.
3. How to consider both internal and external training while preparing the budget.
I already have the training calendar and plan prepared for the financial year and approved by the management. The only thing I'm unable to understand is how to prepare the budget and present it in front of the management. Can anyone share some format for the same?
Thanks in advance!
From India, Gurgaon
Acknowledge(0)
Amend(0)
16I need a basic outline on how to prepare a "training budget". It would be great if the following points are covered in it:
1. How to allocate funds for training activities.
2. Process of getting budget approval.
3. How to consider both internal and external training while preparing the budget.
I already have the training calendar and plan prepared for the financial year and approved by the management. The only thing I'm unable to understand is how to prepare the budget and present it in front of the management. Can anyone share some format for the same?
Thanks in advance!
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear Nishant,
When you got the training calendar approved, at that time, you should have also approved the budget. What is the use of a training calendar without a budget? Based on the calendar, you now need to determine how many training programs can be conducted with in-house trainers and how many would require external trainers. The charges for external trainers will vary depending on the type of training program. Additionally, there will be expenses for hiring the venue (if conducted externally), training materials, stationery, etc.
Therefore, you will need to put in a lot of groundwork as this will be a lengthy exercise.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)
When you got the training calendar approved, at that time, you should have also approved the budget. What is the use of a training calendar without a budget? Based on the calendar, you now need to determine how many training programs can be conducted with in-house trainers and how many would require external trainers. The charges for external trainers will vary depending on the type of training program. Additionally, there will be expenses for hiring the venue (if conducted externally), training materials, stationery, etc.
Therefore, you will need to put in a lot of groundwork as this will be a lengthy exercise.
Thanks,
Dinesh Divekar
From India, Bangalore
Acknowledge(0)Amend(0)
Can I also get any sample format regarding the same. Thanks in advance
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Hi Nishant,
Redirecting you to https://www.citehr.com/31110-re-trai...-download.html.
Regards,
Brinda
Acknowledge(0)Amend(0)
Redirecting you to https://www.citehr.com/31110-re-trai...-download.html.
Regards,
Brinda
Acknowledge(0)Amend(0)
Hello Nishant! Hope I am not late in responding. Please consider the following heads while preparing a training budget:
1) Trainer Fees
2) Training Props Cost
3) Boarding and Lodging of Participants (For training being conducted outside the office premise)
4) Travel Cost of Participants (if any)
5) Boarding and Lodging Cost of Trainer (if any)
6) Travel Cost of Trainer
7) Boarding and Lodging Cost of Coordinator (if any)
8) Travel Cost of Coordinator
9) Cost of Audio Visual Equipment (projector, screen, speaker, etc.)
10) Cost of Photographer/Videographer (if required)
11) Cost of Gifts for Participant Engagement
12) Entertainment Cost of Participants (if any)
Hope this helps! :)
From India, New Delhi
Acknowledge(0)Amend(0)
1) Trainer Fees
2) Training Props Cost
3) Boarding and Lodging of Participants (For training being conducted outside the office premise)
4) Travel Cost of Participants (if any)
5) Boarding and Lodging Cost of Trainer (if any)
6) Travel Cost of Trainer
7) Boarding and Lodging Cost of Coordinator (if any)
8) Travel Cost of Coordinator
9) Cost of Audio Visual Equipment (projector, screen, speaker, etc.)
10) Cost of Photographer/Videographer (if required)
11) Cost of Gifts for Participant Engagement
12) Entertainment Cost of Participants (if any)
Hope this helps! :)
From India, New Delhi
Acknowledge(0)Amend(0)Gathering data for an AI comment.... Sending emails to relevant members...
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Budget Cost coming!.ppt
Investing your training budget.doc