As we all know, this question of measuring ROI on training is often asked but an incredibly tricky one that’s almost impossible to answer. I often pose the question “how capable do you think a workforce would be after an extended period of time with NO training?”. Most execs seem to agree that the answer is “not very!”.
We use a system we call SMART learning that uses a simple measurement to compare capability before and after training – this doesn’t provide a definitive $ return but shows clear positive change.
Here’s a fantastic article that offers an interesting view of the subject.
Have a great weekend!
I Want To Develop My People, But I Can’t Prove It’s Worth The Money’
By: Stephen J Meyer – Forbes Magazine – August 2014
Why would anybody spend a ton of money training employees if there’s no way to actually prove it works?
Many would answer, “I wouldn’t.” But that’s the wrong question.
Can you quantify the benefit of your elementary, middle or secondary school education? Probably not.
Would you say, “I’m not going to buy a six-figure education for my kid to go to college unless I can prove it’ll get her a six-figure job”? Not likely. Continue reading
First of all, my apologies for not posting on Thursday and Friday last week – as you know, I try to post something of interest every weekday but I had some leave so I was spending the time with my wife and kids and trying to keep away from the computer…it was great but ‘back to the grindstone’ now.
Anyway, I wanted to do a post about a problem that I see happening all-too-often whereby L&D Managers will engage a learning solutions provider solely based on cost…i.e. the cheapest option will often win the day. Continue reading
By: John Sweeney – Chief Learning Officer Magazine – 9/9/11
Employees need to practice their skills to improve. Learning leaders should model the desired behavior and provide a safe place to hone skills.
Within every successful athlete, artist or musician there is some talent. But without
practice, that talent will not reach its full potential. When we applaud and cheer performers, what we see are often the results of their practice. What we don’t see are the years they spend perfecting their skills. Practice is essential to their talent development, yet we often diminish its importance in employee development. Continue reading
What are you doing to measure your learning outcomes? Of course, this may seem like answering ‘how long is a piece of string?’ but the reality is that there are several fairly basic and easy to implement strategies that not only help you measure the success of L&D programs but, if done properly, can significantly increase ‘buy in’ from managers and execs. Continue reading