Enjoy a Significant Return on Investment
The Employment Training Panel (ETP) funding process is a very low-cost investment with huge upside potential. ETP funding can subsidize the training your company is already planning. There are no purchases required. You simply do the training that you have already scheduled.
The investment in this program is essentially the time it takes to apply for the funds. When you work with Training Refund Group, we will do about 90% of the work for you. Typically, all that’s required on your part is an investment of 6 to 10 hours over a three-month period to help complete the paperwork.
Calculating the ROI
Let’s assume the typical 100-employee company will receive $50,000 from the ETP. As noted above, it can take as many as 10 hours of company effort (not counting the actual training) to obtain approval.
A $50,000 reimbursement for 10 hours of your time is a return of $5,000 per hour. How often is your management able to achieve an hourly profit of $5,000 per hour??
Let’s look at it another way. If your company has a 10% profit margin, it would take $500,000 in sales to generate the same level of profit. And this profit is achieved without:
- Risk of bad debt
- Cost overruns
- Warranty expense
- Material shortages
- Late payments
- Wear and tear on equipment
And remember, that $50,000 cash reimbursement is for money that you were going to spend anyway!
To find out what the likely ROI would be for your company, contact us today.