Learning & development is moving out of the cost center mindset and into profit center focus. Training is more than just a function of the organizations that must be served. It plays a vital role in how your company will approach change, new markets, and longevity. When you can connect training to profitability you’ll achieve the impact you set out to make.
HRDQ-U ROI training events help you understand the return on your learning investment and gain valuable insight that can be a positive force for driving your business forward.
While seat time, test scores, attendance sheets, surveys, and completion rates can tell the story of learner activity, what future actions can be inferred from that data? How do your training outcomes directly impact your unique organizational objectives? Training professionals everywhere are feeling pressure to prove the value and impact which their training initiatives can bring to the organization. Without a proven return on investment (ROI), management buy-in and training budgets are in jeopardy.
The ROI Methodology is a scalable and systematic approach to program evaluation. Using a process model, five-level framework, and operating standards to capture performance metrics from simple satisfaction scores to financial impact, the methodology enables you to collect appropriate data to report performance of a variety of initiatives and program types. The ROI Methodology generates both qualitative and quantitative data and provides techniques to isolate the effects of the program from other influences–resulting in credible metrics and ROI reports accepted by financial executives and stakeholders.
A Focused Approach
With over 6,000 organizations using this process, the ROI Methodology is the most used and implemented evaluation system in the world. The ROI Methodology not only provides the capability to evaluate program performance, but also improves the design of programs for optimal impact. A focused, proven and practical approach–the process is grounded in conservative standards and a cost effective approach to evaluation.
The Key Methods
Data should always tell a story, and we believe that constructing a metrics-supported narrative is crucial to the long-term success of any L&D function specifically, but also to the business they support more generally. Methods that are measurable, repeatable, actionable, reportable, relatable, and oriented to ROI are the keys for making the connection between learning and development and your business’ success.
HRDQ-U offers ROI Training events teach training and development leaders how to connect programs, processes, and projects with results, and demonstrate these results to upper management in a clear, precise, and logical way.