You are an HR manager responsible for organizing the companys new sales training course. This one week long (44 work hours) training course was attended by 250 of the companys salespeople. You felt lucky that the trainer you were able to book is considered a guru and is sought after worldwide and isnt 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 1.29819 instead of 1.39205 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 () to Canadian Dollar) was 1.82864.

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.

The full benefits of the program were only realized three months after the training week. On average, within the first three months, employees only delivered 57% of the benefits. Starting in month 4, 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 50%.

1. Formatting should be set to Currency and rounded to the nearest dollar.

2. Underneath the report, calculate the Return on Investment (ROI) of this training course. Write your answer to 1 decimal place.

3. Based on your ROI calculation and taking into consideration the company average ROI, indicate if you would you recommend that this training continue and why?

SHOW YOUR FORMULA in excel and EXPLAIN

Training Program Details (pay attention to the currency symbol per line item)