Justify your training proposals with ROI calculations — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Justify your training proposals with ROI calculations

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in Best-Practices Leadership,HR Management,Human Resources,Leaders & Managers,Management Training

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 management and has easily measurable results and a potentially high ROI. Examples: sales, manufac...(register to read more)

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