Return On Investment for Chambers

Fields marked with an * are required

There are plenty of good reasons to invest in training for chambers

There are plenty of good reasons to invest in training for chambers’ staff. In our experience and from feedback from several senior chambers’ managers, many chambers have very little or no training budget. At PME we have examined this problem and present to you a simple calculator for analysing the possible return chambers can make on an investment in training. We hope this will both be of personal interest and also act as a tool to help you justify increasing your training budget and continue to improve the development and support of your staff and chambers.

Please follow the steps below and put in your own details. Don’t worry, none of this information is kept or tracked and therefore it is all totally confidential.

If you have any problems or any questions please contact don@pmetraining.co.uk

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Your Cost to Your Chambers

Your Cost to Chambers

Delegate's Annual Salary (£) *

Delegate's Working Days *

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Delegate's Cost Per Working Day (£)	326.09

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Your Training Investment

Now we have the cost to chambers

Now we have the cost to chambers for you to be out of the office for the day, we can start to look at the training costs.

Total Course Length (Days) *

Total Course Fee (£) *

Travel Costs (£) *

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Delegates Cost - Salary (£)	326.09
Your Total Training Investment To Chambers (£)	326.09

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Your Return On Chambers' Investment - Efficiency

Your Return on Chambers' Investment - Efficiency

This is the challenging bit.

This is the challenging bit. Can you estimate, how much more efficient you will be to do your job, once you have received the training? Of course, this part will be an approximation but also a good question to ask yourself.

Productivity Increase Expected (%) *

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Days Generated From Productivity Increase	9 (4% of 230 working days)
Value Of Efficiency Increase In Salary Terms (£)	2,934.81
Less Total Training Investment (£)	-326.09
Your Total Net Return From Efficiency Improvements For The First Year (£)	2,608.72 (2,934.81 Full value year after and ongoing)
Your Return On Your Investment - Efficiency (%)	800
Payback Period (Months)	1

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Your Return on Chambers' Investment - Business Development

Does your job involve business development?

You now have all those extra days to focus on bringing revenue into chambers. This is where the real payback happens. Can you estimate, in percentage terms, how much extra revenue you can generate given the extra time and new knowledge?

Your Chambers Turnover (£) *

Sales Increase From Improved Productivity (%) *

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Value Of Productivity Increase (£)	300,000.00
Less Total Training Investment (£)	-326.09
Your Total Net Return (£)	299,673.91
Your Return On Investment (%)	91,899
Payback Period (Days)	0

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Well done. A great return on investment! That is like you giving us £1 and we give you £91,899 back! That is quite compelling, or does the number seem unrealistic? Well go back and work on the figures to understand the true return on investment.

If you would like to discuss this further, please email don@pmetraining.co.uk and we will be happy to talk this through with you.