4 5 7 76 30 You are an HR manager responsible for organizing the company's new sales training course. This one weeklong (44 work hours) training course was attended by 273 of the company's salespeople. You felt "lucky" that the trainer you were able to book is considered a guru and is sought after worldwide and isn't cheap. You are thankful that you fully paid the invoice for the training when it took place last year when the Canadian Dollar was stronger in relation to the Euro since the sales trainer billed your company in Euros. At that time the EURCAD rate (Euro() to Canadian Dollar) was 1.54409 instead of 1.42852 today. Most of the material related to the training was only available for purchase from the UK when the exchange rate for GBPCAD rate (British Pound Sterling (C) to Canadian Dollar) was 2.07615. The full benefits of the program were only realized four months after the training week. On average, within the first 2 months, employees only delivered 79% of the benefits Starting in month 3, the employees were fully competent with the new sales training and the company was able to reap the full benefits as indicated below. The average ROI for all company initiatives (not just HR) is 59% it has been 12 months since the training occurred and you are required to provide an update to the company CEO about the effectiveness of the training to-date. Training Program Details (pay attention to the currency symbol per line item): $14,284 Training program design and development $1,045 Promotion of training to employees via intranet, posters and printed pamphlets 52,532 Administration of employee registration and training program logistics 31,472 Cost for the best international professional sales trainer (in Euros) 9,001 Professional sales trainer travel expenses (in Euros) C30 Imported study guides per sales rep sold to the company (in British Pounds) 54911 Additional training reference maternals sold to the company for the training session (in British Pounds) 1961 Conference centre rental location to host the training sessions $334,581 Salary of sales reps attending the training $1.439 Evaluation and feedback of training program from sales reps (data collected by an outside company) $115 Monthly labour savings/rep (months 3-12) Sales reps are now more efficient at work which resulted in labour cost savings $260 Monthly productivity increases/rep (months 3-12): Sales reps are now more productive which has resulted in more revenue per sales rep $134.124 Total other one-time cost savings