The benefits of employee training are easy to understand: Improved skills and productivity, greater retention, and an even better employer brand. But actual value can sometimes be hard to quantify. With U.S. corporate spending on employee education continuing to grow by 15 percent per year to more than $70 billion,1 businesses need reliable metrics and methods to measure their training ROI.
This whitepaper explains the proven methods of measuring training effectiveness — and the challenges to doing so. You’ll learn specific metrics for planning, monitoring, and reporting on the tangible and intangible results of your training programs.
Converting training results into dollar values helps to make necessary adjustments in course spending, evaluate training vendors you may use, and also build a credible business case for future learning and development funding. These measurement tips will reduce wasted learning and ensure your employees can apply what they learn to their job.