Tuesday, November 4, 2008

 

Measuring ROI of HR Training Expenditures

Quantify, Track, Capture, Calculate & Report Every Cost and Benefit around Training!

This strategic business measurement workshop will:

Improve the credibility of the training function by quantifying training’s worth to the organisation.

Better manage training costs and make more cost-effective decisions regarding training expenditures.

Plan a successful strategy for implementing evaluation strategies and techniques in your organisation.

Increase training benefits by focusing more on achieving results which have worth to the organisation.

Improve the credibility and power of the training function by becoming PROFIT instead of COST centered.

Apply measurement techniques strategically to improve the cost effectiveness and impact of training on operational results.


From a survey conducted by our workshop leaders of Chief Learning Officers, these are some of the reasons they choose to attend this workshop.

Top management requires it 30%

I have pressure to justify budget 30%

I know I will need to demonstrate more accountability 25%

I want to show increased accountability for T & D 10%

I want to explore with new techniques 5%

Workshop Coverage


Human Resource Development expenditure is a unique form of business expense. Unlike other expenses, training costs represent an investment by the firm in their employees. As with any other investment, a commitment to training is directly related to the expected returns from each dollar invested.

Assessing the value of these returns has been the subject of a large body of international research. Almost unanimously, studies have concluded that enterprises are interested in training as a means of securing improved workplace performance and greater profitability.

Measuring these benefits, and relating them to the costs of training in a way that reveals the rate of return on a firm' s training outlay (investment in human resource development), is not yet widespread among many companies. Many firms may both be aware of the significant increase in their bottom line that could occur if they were to identify and pursue the highly profitable training opportunities like this one.

Measurement of training ROI starts with defining the reasons and goals for the training determining how much the training costs and verifying the amount of return.

Questions you may have on this are:
· What is the reason for the training?
· What is the investment in training?
· How is the return measured?

This workshop is designed for individuals who are interested in and responsible for measuring results of training and performance improvement programs. After attending the program, participants will realize that measuring ROI is possible and that a logical, rational way to approach it exists within the constraints of budgets and resources.

This in depth two days measurement workshop will cover:

“Training” or “Learning”, the fact that although enterprises invest in training, it is learning, skill development or attitude change that results in the returns; and these are not always associated with training.

How traditional ways of thinking about Return on Investment are appropriate to training and learning.

Selection of output measures.

The different ways of measuring key variables.

The Pre and Post training analysis.

Analysis of the impact of training on efficiency and productivity.

How the many changes that can be made within a company can contribute to performance improvements and profits.

How to provide guidelines for interpreting training' s impact on profits and competitiveness.

How to prove that training leads to performance improvement.

How to pilot, test, deliver and evaluate your program.

How to put together behavioral audits.

Ways of calculating the Return on Investment.


Interesting Findings

How much of the $58.6 billion budgeted by U.S. companies for training last year actually paid off?? How can such return on investment (ROI) be measured?

Training executives today are more concerned about these questions than ever; in fact, the National HRD Executive Survey conducted by the American Society for Training and Development (ASTD), showed that “determining the impact of training on financial performance” was the top challenge for more than half (55.9%) of the HRD professionals surveyed. However, bottom line accountability is elusive, and some say it' s down right impossible. According to Donald Kirkpatrick - a world authority in measuring training effectiveness, it' s not as elusive as it may seem to be!

To register via fax, please fax this form to 021 6270 8513
Workshop dates: 18 & 19 Nov 2008
Location: Xin Tian Di, Shanghai



*********

Career Training in Canada Blog URL
http://career-training-in-canada.blogspot.com/

Links to our favourite websites:


Link to ESL in Canada Directory of ESL English tutors, teachers, classes, lessons, Canada universities, colleges, schools, Business English, Canadian ESL English as a second language schools, programs, instructors, free ESL English lessons, homestay, education coaching, consulting services, student resources, information and advice across Canada, North America



Link to TLC Travel Language Culture Network for student language exchanges, travel, immigration, employment, shopping, homestay and professional services



Link to Sentence Master English Writing Game that helps students improve English
grammar, English vocabulary, writing phrases, clauses and complete English sentences.

Labels: , , , , ,


Comments: Post a Comment

Subscribe to Post Comments [Atom]



Links to this post:

Create a Link



<< Home
Archives

December 2006January 2007February 2007April 2007May 2007June 2007July 2007August 2007September 2007October 2007November 2007December 2007January 2008February 2008March 2008April 2008May 2008October 2008November 2008December 2008January 2009April 2009November 2009December 2009


Links to our favourite websites:

Link to ESL in Canada Directory of ESL English tutors, teachers, classes, lessons, Business English, Canada universities, colleges, high schools schools career training, Canadian ESL English as a second language schools, programs, instructors, free ESL English lessons, homestay, education coaching, consulting services, student resources, information and advice across Canada, North America

Link to TLC Travel Language Culture Network language exchanges, travel, immigration, employment, shopping, homestay and professional services

Link to Sentence Master English Writing Game that helps students improve English grammar, English vocabulary, writing phrases, clauses and complete English sentences.

 


About Career Training in Canada

There are many interesting career training programs that prepare students for well paying jobs in Canada, the USA and other countries throughout the world. These programs offer instruction from industry professionals that offer true industry experience, current techniques and may include work study cooperative placements. ESL in Canada will offer initial counseling for these programs.

Career Training in Canada BLOG URL
http://career-training-in-canada.blogspot.com/

 Subscribe in a reader

Career Training in Canada Blog Disclaimer
This blog uses original and reprintable articles in whole or part. Posts can be edited for spelling, grammar, accuracy, fairness or to meet ever changing legal publishing standards. We post one link to indicate the original post or source. We rely on the accuracy of the sources. This blog is not responsible for errors or omissions or any liability for any posts or any real, imagined or fabricated subsequent damages. For additional info: best.canada.education (at) gmail (dot) -com-

Privacy Policy
We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.