CORE :: Return on Investment (ROI) Analysis Tool

The ROI analysis tool is designed for corrections' agencies and corporations to analyze their training program to determine potential savings through e-Learning. The user may enter their specific training requirements in the green highlighted cells and see the impact on total savings in the blue cells. When a step does not apply, simply fill in green highlighted cells with a zero.

CORE licensing is offered for agencies on a per person per year basis and is discounted with volume. The license provides access to over 200 1- hour fully interactive courses, an integrated Learning Management System (LMS) with automated student tracking and recordkeeping, free content development, and annual archiving.

Step 1: Employee Time/Cost Estimates

Number of Pre-Service
Hours/Year Suitable for Online Study

Employee
Cost/Hour

Number of Employees
Trained Annually

Total Costs

X

X

Number of In-Service
Hours/Year Suitable for Online Study

Employee
Cost/Hour

Number of Employees
Trained Annually

X

X

Number of Hours
Overtime Needed to Cover Employees in Class/Year

Employee Overtime
Cost/Hour

Number of Employees
Trained Annually

X

X

Total Employee Classroom Training Costs Suitable for Online Training

Step 2: Mileage/Per Diem Reimbursement Cost Estimates

Number of Staff
Traveling to be Trained
(up to 3 different rates)

Number of
Training Days
Allowance

Average
Mileage/Per Diem/Day

Total Costs

X

X

X

X

X

X

Total Mileage/Per Diem Training Costs

Step 3: Cost for Classroom/Academy Lease or Rental ( if applicable)

Cost Per Room
Per Class

Number of Classes
Per Year

Total Costs

X

Step 4:Cost for Instructors

(A) Content Development Costs for Classroom Delivered Material

Number of Hours
of Instruction

Cost/Hour of
Development

Total Costs

X

(B) Content Revision Costs for Classroom Delivered Material

Number of Hours
of Instruction
Annually Revised

Cost/Hour of
Content Revision

X

(C) Cost for Instructors in the Classroom Presenting Material

Number of
In-Service Hours/
Employee/Year

Number of Staff
to be Trained

Number of Staff
Per Class

X

/

Average Instructor
Cost Per Hour

Average Number
of Instructors
Per Class

X

Total Instructor Costs

Step 5: Cost for Recordkeeping/Follow-up

Number of Employees
Per Year

Cost Per
Supervisor Hour

Number of
Supervisor Hours

Total Costs

X

X

Total Cost of Classroom Instruction

* Total Cost of Web-Based Training

* * * Cost Savings Per Year