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