Do The Math: Here's Why Return On Investment For Employee Training Programs Really Matters!
Briefly

from eLearning Industry10 months ago
Being able to demonstrate the monetary value and business impact generated by training initiatives is crucial for securing ongoing executive support and Learning and Development (L&D) budget allocations.
eLearning Industryhttps://elearningindustry.com/do-the-math-heres-why-return-on-investment-for-employee-training-programs-really-matters
By taking a comprehensive approach to tracking all the costs and tangible monetary benefits associated with a training program, you can develop a compelling ROI model to justify the training expenditure.
eLearning Industryhttps://elearningindustry.com/do-the-math-heres-why-return-on-investment-for-employee-training-programs-really-matters
The goal is to achieve an ROI multiple of at least 100-200%, meaning $2-3 is gained for every $1 invested into the training program through improved workforce performance and business results.
eLearning Industryhttps://elearningindustry.com/do-the-math-heres-why-return-on-investment-for-employee-training-programs-really-matters
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#training-roi #corporate-training #budget-allocations #cost-analysis #business-impact
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