Why Measure Impact and ROI of your Training?
- Posted By Super User
- Return on Investment
In recent years, we have witnessed change in organisational accountability, especially toward investment in training, programs, and projects.
Employers and government are concerned about the value of their investment on vocational education and training. Today, this concern translates into financial impact, the actual monetary contribution from a training program.
Although monetary value is a critical concern, it is the comparison of this value with the project costs that captures stakeholders' attention— and translates to ROI. "Show me the money" is the familiar response from individuals asked to invest (or continue to invest) in major projects (including training programs). At times, this response is appropriate.