How to Measure the Impact of Training on Your Bottom Line

In conversation, we use terms like “great”, “exceptional,” or “very useful” to express opinions, such as what we think of a Christmas or gift or the performance of our favorite team. When we use these terms, there is an assumed measure of “value” expressed. But these same words cannot be used in the corporate world when it comes to justifying the value that any investment — like eLearning — brings to your organization. Where life makes room for subjective reactions, accounting requires numbers and facts.

This is why business entities need a different way to justify their investments in training and continuing education. Proving how an initiative will deliver a positive Return on Investment (ROI) is the best way to provide this justification.

Read the full story by

Tags:

RELATED READS
Mobile friendly learning – Google scores and what they mean? 4 Benefits Of Adopting An HTML5 eLearning Authoring Tool For Your Company

From our Network

10 Attributes Of A Partner To Outsource Online Training (Custom eLearning Development)

How To Use Social Learning And Epic Meaning To Succeed With Gamification

Free eBook: Complete Guide To MicroLearning And Learning Reinforcement

Global eLearning: Rising To The Challenge Of Nation Building - Part II

6 Benefits Of Using Interactive Videos In Corporate Training