Tools

Training cost calculator

Enter numbers from your operation and see a rough estimate of the annual cost of errors and training overhead. All calculations use conservative assumptions and are labelled accordingly.

Your operation

Workers on the floorPeople who follow procedures daily

Average loaded hourly costWages + benefits + overhead ($/hr)

Hours to competency per workerTime until a new worker works independently on a procedure

New hires trained per yearWorkers going through procedure onboarding annually

Procedure error rate% of procedure executions that result in a defect, rework, or documented deviation

Procedure executions per worker per yearNumber of times a worker completes a tracked procedure

Your estimates

Defaults are illustrative. Replace them with your plant's numbers.

Your estimate: faster time to competencyWith step-by-step guided procedures

Your estimate: fewer error incidentsWith camera verification at critical steps

Estimated annual impact

Training overhead

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Current annual investment in bringing new workers to procedure competency.

Training time saved

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Using your estimate of 30% faster time to competency. Labour cost recovered.

Annual error cost

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Cost of rework and deviations. Assumes 2 hours of labour cost per incident.

Error cost reduced

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Using your estimate of 40% fewer incidents.

Combined annual estimate

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This is an estimate based on the assumptions above. Actual results depend on your operation. Use it as a starting point for your own business case.

Assumptions: your two estimates above, and 2 hours labour cost per error incident. Skill Reality does not guarantee specific outcomes. Request a demo to discuss what is realistic for your operation.