Does the course pay for itself?
A worked example
Starting figures
- Course cost
- $4,800
- Expected raise
- 8%
- Salary
- $72,000
- Years of benefit
- 5
What it returns
- Payback
- 0.8 yr
- Gain over the period
- $24,000
- Yearly raise
- $5,760
How to read the results
With the defaults above, payback works out at 0.8 yr.