Return On Investment (ROI) is a critical metric for evaluating training program success, showing the value your LMS is delivering compared to its costs.
To measure LMS ROI effectively, begin by assessing all associated costs—from initial needs assessment to ongoing maintenance and support, ensuring a comprehensive understanding of total expenditures.
A critical step involves understanding that the total sum of your LMS costs depends on company size and training needs, which can highlight the importance of scalable features.
Research indicates that businesses are increasingly mindful of training expenses, with 40% of organizations spending under $50,000, emphasizing the need for cost-effective training solutions.
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