A Better Metric for the Value of a Worker Training Program
Harvard Business Review
FEBRUARY 14, 2017
Job placement matters, but a high placement rate is meaningless if the participant leaves after a week or if the job itself is temporary or doesn’t pay well. We need to adopt something similar to a “total cost of ownership” (TCO) analysis. That comes out to 96,000 working days, or $21 per employed day.
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