1. Employee Benefits Companies must consider many personnel costs. These costs include employee benefits, such as health insurance and vacation days. What are other employee benefits?

2. Lesson Objective Compute total employee training costs. Content Vocabulary release time Time an employee spends away from the job for which a business will still pay a regular salary, such as for a training program.

4. Acme Manufacturing Company chose eight employees to attend a training program in computer assisted manufacturing (CAM) held within the company. The employees were paid their regular wages while attending the 2-day program. Their combined wages amounted to $512 a day. Example 1

5. The production control manager, who earns $168 a day, was the course instructor. Refreshments were brought in twice a day at a cost of $45.70 per day. Supplies for the program amounted to $35 per person. What was the total cost of the training program? Example 1 (cont.)

6. Find the cost of release time. 2 days × $512.00 = $1,024.00 Example 1 Answer: Step 1

7. Find the cost of instruction. 2 days × $168.00 = $336.00 Example 1 Answer: Step 2

8. Find the additional costs. (2 × $45.70) + (8 × $35.00) = $91.40 + $280.00 = $371.40 Example 1 Answer: Step 3

9. Find the total training cost. Cost of + Cost of + Additional Release Instruction Costs Time $1,024.00 + $336.00 + $371.40 = $1,731.40 Example 1 Answer: Step 4

10. Jergen Pharmaceuticals is sending 7 technicians to a 2-day conference. Five of the technicians earn $186 per day while the other 2 earn $138.80 per day. Registration costs $128 per person. What is the total training cost? Practice 1

11. $3,311.20 Practice 1 Answer