How do I add a new time component on the timecard?

Summary:

We would like to add a new time component called "training" and have 1 unit = hourly rate.

Content (required):

We have a group who wants to compensate their employees for training other employees. They would like them to add a training code on the timecard that would equal their hourly rate. How do I set this up?

Version (include the version you are using, if applicable):

23A

Code Snippet (add any code snippets that support your topic, if applicable):