Introduction:
Return on investment, or ROI, is a mathematical formula that investors can use to evaluate their investments and judge how well a particular investment has performed compared to others. An ROI calculation is sometimes used with other approaches to develop a business case for a given proposal. The overall ROI for an enterprise is used as a way to grade how well a company is managed.
Return On Investment (ROI) Professional training course is the most comprehensive way to gain the skills, resources, and knowledge to measure the value of projects and programs of all types – down to the financial return on investment (ROI).
Return On Investment (ROI) Professional training course advocates the adoption of a holistic approach to the evaluation and measurement of the effectiveness of training and will provide delegates with sufficient learning to enable them to make a convincing business case for training and the allocation of resources for training
Course Objectives:
By the end of the Return On Investment (ROI) Professional training Course, participants will be able to:
- Understand the issues related to measuring and maximizing training ROI
- Plan, organize and deliver relevant training interventions
- Demonstrate the business case for specific training interventions
- Understand and be able to implement techniques applicable to identifying training needs
- Describe best practices in relation to employee development
Who Should Attend?
Return On Investment (ROI) Professional training course is ideal for:
- Anyone in an organization who manages a training function or anyone responsible for determining the impact of learning and change interventions.
- This program can be beneficial even for those who have a strong research and measurement background.
Course Outlines:
Introduction – The Key Advantage: A Proficient Workforce
- The Strategic Role of Training, Learning & Development
- The Business Case for Investment
- Understanding Approaches to Effective Employee Development
- Evaluating Training Programs and PDPs
- Models for Effective Measuring of Training Return on Investment
- Ensuring cultural support to maximize impact and ROI
Aligning Training to Business Objectives – Maximizing Training ROI
- The Organizational Context
- Business Strategy: The Need for Long-term Planning for Future Skills and Competencies
- Identifying Development Needs
- Aligning Interventions with Business Needs
- Planning and Delivering Effective Training & Development
- Maximizing the non-financial ROI of Interventions
Conducting your ROI impact study
- Valid data collection methods
- Data source and factors to consider
- Obtaining meaningful information from collected data
Getting to the Numbers
- Data integrity and credibility
- Concluding your ROI and BCR figures
- Defining and establishing intangibles
- Reporting ROI to stakeholders
Making Evaluating Effective
- Models and Methodologies of Evaluation
- Incorporating the Results of Evaluation into Future Events
- Kirkpatrick’s Levels of Evaluation
- How Effective Evaluation Links to ROI
- Some Myths about Evaluation
- Course summary