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ERIC Number: ED260216
Record Type: Non-Journal
Publication Date: 1984-May
Pages: 70
Abstractor: N/A
Reference Count: N/A
ISBN: N/A
ISSN: N/A
Validation of the Training Benefit Forecasting Method: Geometric Dimension & Tolerance Training. Training and Development Research Center: Project Number Two.
Geroy, Gary D.
The validity of the University of Minnesota Skills Training Cost-Benefit Forecasting Model (STCBFM) in a corporate setting was studied. Research and related literature suggested that a model for forecasting the economic benefits of training should include facility to identify and summarize costs and provide an assessment of the value of the resulting performance for a specified time period. The model (STCBFM) required that the increases in performance values, minus the training costs, and the resulting benefits be determined. The specific program addressed in the validation effort was a Geometric Dimension and Tolerance training program conducted at Onan Corporation, a manufacturing firm, in 1983. Participants were 136 employees who attended sessions before or after work hours. Four individuals composing a forecast group were presented with the model and asked to make forecasts regarding the costs and resulting benefits to be derived from the training program using minimal available information, such as shop rates, production down time, and current problem resolution time. All the forecasts proved to be conservative. The analysis of the actual cost-benefit reinforced the predictions made by the forecast group. (A paper describing the model is appended.) (YLB)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Minnesota Univ., St. Paul. Dept. of Vocational and Technical Education.