The ROI in the ROI in Training
“In an economy where good jobs require postsecondary education and training, the growing economic divide between those with and those without postsecondary education and training will continue to widen, fostering intergenerational reproduction of economic and cultural elites inimical to our democratic ethos and our worthiness for leadership in the global contest of cultures.”
~ Anthony Carnevale
Georgetown University Center on Education and the Workforce
The job of a trainer extends far beyond the company he works for. Training is a lasting, irrevocable asset that individuals carry with them throughout their careers. Training doesn’t just improve the performance of an employee, team, or organization. It improves the workforce of an entire economic system – which, in turn, ensures the success of individual organizations into the future.
It’s easy to see the limitless benefits of training in the workplace. But, when it comes to organizational development, it can be difficult to articulate the value of training to a specific company or department.
Dr. Patti Phillips, president of the ROI Institute, has boiled down the ROI in Training to a science in her book The Bottomline on ROI. Not only does she lay out methods for collecting data and calculating ROI, but shows readers how to present this information in a way that is clear, direct, and effective in communicating the value of training to your organization.
The Bottomline on ROI can help you evaluate your organization’s training programs– to measure their value, improve their efficiency, and to establish training as a meaningful and profitable investment in the future of your workforce. Calculating and delivering ROI has never been easier or more effective.