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ROI: Return on Investment- Training | IATF | Bhavya Mangla | English |
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In this video, we will discuss about ROI: Return on Investment - Training.
Training isn’t cheap. We get it and it’s only natural to want to know whether your training investment is being well spent. That’s why calculating the ROI (Return on Investment) of your training can be helpful. ROI is a useful way of measuring whether a particular training course or program offered value for money.
A recent study on workplace learning found that only 11% of employees applied the skills they learned in training to their job. This statistic highlights a significant disconnect between the training organizations are offering and their employees’ actual needs.
So how do you bridge this gap?
There are 5 different and popular methodologies to monitor training effectiveness (Kirkpatrick’s Four-level Training Evaluation Model, The Phillips ROI Model, Kaufman’s Five Levels of Evaluation, Anderson’s Model of Learning Evaluation, Summative vs. Formative Evaluation).
In this blog, we’ll explore ways to measure the ROI of any training course or session.
#ROI
#Training
#investment
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