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Prove A Return On Training Investment

 

HRD is increasingly expected to be as accountable as

other business functions. 

This two-day masterclass will show you how to undertake evaluation and demonstrate clear tangible benefits from training and the real impact that this has on the business bottom line.

 

With the growth of business trends like TQM and Six-Sigma being adopted by many organisations, this has given HRD the imperative to develop metrics to quantify training investment.  No longer can training be considered an activity in which large amounts of money is poured into with no visible returns.   It is necessary to find ways to effectively report back to the Board about the value for every pound / euro / dollar spent on training and learning.

What will you learn?

Models for evaluating training and learning
How to identify drivers to improve training return accountability
Our own "Ripples" evaluation methodology - and why it works!
Cost-benefit analysis of training
Methods for developing a comprehensive training evaluation plan
Ways to align training objectives to key business result areas
Writing aims, objectives and learning outcomes that can really be measured
Effective methods of collecting learning data for impact studies
Tangible and intangible training measures
How to calculate the ROTI of your own training programmes (bring examples)
Ideas about how to present ROTI results to the Board
Complying with the Apprenticeship, Skills, Children and Learning Act 2009

How large is the masterclass?

We limit attendance numbers and never sell more than10 places at any of our masterclasses, and often run even smaller classes than this allowing us to maximise your personal learning and give you ample opportunity to ask about how the concepts can work in your own situations. 

This small and almost customised approach means that you can bring examples that you would like to discuss further and we work on these in the masterclass.  This approach appears to be very

much appreciated by those who attend.

Who would most benefit?

HR Directors, Operational or Service Directors, Training & Development Managers from private, public and third sector organisations, in fact anyone who has to prove that there is some benefit from training and quantify / qualify its value to the organisation.

Why is this important?

Obviously we think it is important to measure the impact of training and learning activity within organisations, but don't take our word for it, read the quotes below:

"Many companies do not undertake the huge effort needed to evaluate a training program. Therefore, the companies that maintain detailed records on employee performance and characteristics are best suited for analysis. If lack of information on the ROI [rate on investments] is one cause of possible underinvestment in employee training, helping firms to measure the returns on their training investments could help resolve the underinvestment problem."

Source: Ann Bartell, Industrial Relations Journal, 2000

 

"If one looks at any facet of business the concept of 'return on investment' (ROI) is always a relevant business topic. ROI can have many connotations depending upon the users perceptions and motivations. In reality, ROI is really a measure of perceived value. Value can be different for different stakeholders.  So the first question one should ask when contemplating an ROI solution is 'How does my user of this information define value?' "

Source Global Learning Alliance, 2003

 

No time to attend in person?  Then click on the image below to learn more...

Use our REQUEST PAGE for more information, prices and dates.

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