Course Description:
Return on Investment (ROI) compares the investment in a training deliverable with the eventual cost and benefits over a specified period of time. In this 5-day training course participants will learn how to identify and determine the relevant cost elements and benefits in order to measure the ROI.
Course Goal:
To enhance the participants’ Knowledge, Abilities and Skills necessary to measure the return on training investment
Course Objectives:
By the end of the course the participant will be able to:
- Define Return On Investment (ROI)
- Determine the elements of training
- Measure of ROI
- Motivate the use of ROI model
- Calculate ROI for a training
- Identify the key pitfalls in ROI model
Course Outline
- Definition of Return On Investment (ROI)
- Costs and benefits (tangibles and in tangibles)
- Time
- Out of pocket, cost savings
- Quality
- Efficiency, effectiveness
- Measurement of ROI
- Motivate the use of ROI model
- Calculate ROI for a training
- Pitfalls in ROI model
- Compile a ROI report for a company
Who Can Benefit
HR Managers, training Managers, organisation development practitioners, human resource development managers and line managers