Dear JP Singh,
It appears that you have confused between "Monday" and "man-day". The meaning of the latter is "
a day regarded in terms of the amount of work that can be done by one person within this period."
Your company has 700 employees and target is to complete six training days per annum per employee. In that case total number of man-days in a year would be 700 x 6 = 4,200. To know monthly man-days, you need to divide this number by 12. Therefore, total training man-days per month would be 350. Assuming that there are 25 working days per month, when we divide 350 by 25, we get 14.
Therefore, each and every working day, you need to train 14 or 15 employees. Don't you think that the target is too ambitious?
By the way, fixing training days per employee per year is a little bureaucratic approach. Don't you think you should give preference to measuring the impact of the training than the hours or days spent in the training?
If you are from manufacturing company, then for your business, the following costs are important:
a) Inventory Carrying Cost of Raw Materials
b) Work in Progress (WIP) Inventory Costs
c) Inventory Carrying Cost of Finished Goods
d) Capital costs to run the operations
e) Capacity costs
f) Maintenance costs
g) Quality costs
h) Inspection costs
Therefore, your focus should be on controlling the above costs and not on number of training hours
per se. Controlling the above costs may demand more or fewer days of training than six man-days per annum. Therefore, you may decide your priorities on the business requirements or hours of the training.
Earlier, there was a query on the training budget. You may
click here to refer to my reply.
Thanks,
Dinesh Divekar