return on investment in training
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return on investment calculation

Know the value training contributes to your organisation and justify your budget

return on investment in training

If you head up a training function, make sure you have the numbers you need

Anyone heading up a training department today needs to know more than the cost of delivering training.  It’s all about the value the department adds backed up with hard numbers on how it contributed to delivering the business plan.

  • For your own purposes, you need to know where development programmes are delivering required results, and where you might have a problem.

  • Your people need clear information telling them which programmes add value and which are poor value experiences (even though they may be really enjoyable).
  • Assess your suppliers in terms of results and value for money, not just on costs and delegate satisfaction feedback.

In short, you need a business review of the training function, conducted by someone who understands training AND has the expertise and resources to put business measures into a traditionally ‘soft’ arena.

Once armed with data about training impact and value you can

  • justify your budget
  • prioritise your spending
  • make the business case for new programmes
  • be fully in control of your operation

Call us today to find out how your training function can benefit from a business review from people who know about training and measuring impact.

Working Together

We will assign an ROI Academy™ consultant to the evaluation project. Whilst much of the work will be done offsite, our consultant will need to spend time onsite working with you to customise our models, and to design and discuss the implementation of data collection.  This will typically be 4 - 5 days, but could be as much as 8 - 10 days for larger programmes.

If you are involved in the project you can expect to enjoy learning some new skills and to develop a more value-adding relationship with other areas of the business.

 
   

 

 

return on investment in training
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