Are our selection and training programs cost effective
Abstract
Recently updated methods for evaluating the cost effectiveness of selection and training programs are applied in two situations. First an API-sponsored study shows that using tests to hire a board operator saves $21,000 per person per year. When these savings are accumulated over people and time, the savings total into the millions of dollars. The cost effectiveness of training programs can be similarly determined. An interpersonal skills workshop was found to have a return-on-investment of over $400,000, or over 300 percent. The savings that result from such training and selection programs definitely argue that the programs are well worthwhile and that the cost-effectiveness studies to demonstrate such savings are also well worth the investment.
- Authors:
- Publication Date:
- Research Org.:
- Ethyl Corp., Richmond, VA
- OSTI Identifier:
- 5374517
- Report Number(s):
- CONF-8405145-
Journal ID: CODEN: PAPDD
- Resource Type:
- Conference
- Journal Name:
- Proc., Am. Pet. Inst., Refin. Dep.; (United States)
- Additional Journal Information:
- Journal Volume: 63; Conference: IMOG/NSG meeting, Tampa, FL, USA, 15 May 1984
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 02 PETROLEUM; 29 ENERGY PLANNING, POLICY AND ECONOMY; PERSONNEL; TRAINING; PETROLEUM REFINERIES; PERSONNEL MANAGEMENT; COST BENEFIT ANALYSIS; EFFICIENCY; INVESTMENT; PROGRAM MANAGEMENT; INDUSTRIAL PLANTS; MANAGEMENT; 020400* - Petroleum- Processing; 020700 - Petroleum- Economics, Industrial, & Business Aspects; 294002 - Energy Planning & Policy- Petroleum; 290200 - Energy Planning & Policy- Economics & Sociology
Citation Formats
Wroten, S P. Are our selection and training programs cost effective. United States: N. p., 1985.
Web.
Wroten, S P. Are our selection and training programs cost effective. United States.
Wroten, S P. 1985.
"Are our selection and training programs cost effective". United States.
@article{osti_5374517,
title = {Are our selection and training programs cost effective},
author = {Wroten, S P},
abstractNote = {Recently updated methods for evaluating the cost effectiveness of selection and training programs are applied in two situations. First an API-sponsored study shows that using tests to hire a board operator saves $21,000 per person per year. When these savings are accumulated over people and time, the savings total into the millions of dollars. The cost effectiveness of training programs can be similarly determined. An interpersonal skills workshop was found to have a return-on-investment of over $400,000, or over 300 percent. The savings that result from such training and selection programs definitely argue that the programs are well worthwhile and that the cost-effectiveness studies to demonstrate such savings are also well worth the investment.},
doi = {},
url = {https://www.osti.gov/biblio/5374517},
journal = {Proc., Am. Pet. Inst., Refin. Dep.; (United States)},
number = ,
volume = 63,
place = {United States},
year = {Tue Jan 01 00:00:00 EST 1985},
month = {Tue Jan 01 00:00:00 EST 1985}
}