Issue: Executives are reluctant to approve training unless they can prove that it will pay for itself many times over.
Benefit: By providing the CEO with legitimate return-on-investment (ROI) figures, you'll prove your big-picture worth to the organization.
Action: Tap into the information and resources below to help measure training ROI.
Your CEO likely looks at training as an investment to be recouped, and he or she wants solid numbers to prove it's effective.
ROI measurements are far from an exact science. But ROI numbers can build respect for effective training programs and help eliminate inefficient ones, and that gives HR a reputation as a money saver.
If you don't measure training ROI and want to start, heed the following advice:
Begin by measuring the right program. Choose one that's important to (register to read more)and has easily measurable results and a potentially high ROI. Examples: sales, manufac...
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- 10 Secrets to an Effective Performance Review
- Why are rookie CEOs leaving?
- Not a matter of style: Factor safety, liability into dress code
- It's just what I always wanted! The season's most unusual office gifts
- Don't fall for these employee motivation myths