The importance of measuring Training ROI
Posted on April 1, 2008 - Filed Under Management | Leave a Comment
Company management always wants to make sure that their financial investment on training yields sufficient returns. Training ROI metrics include defining reasons and training goals, training costs and amount of return.
Many companies spend a good fortune on training to increase productivity, enhance employee retention and reduce waste. Of course, they want to make sure that the return on investment on training pays off. Training should be measurable in order to determine effective ROI.
Companies offer training to their superiors, employees, clients and even suppliers. This can be conducted through outside training firms, an in-house training department or a combination of both. Training costs include payment of trainers, payment of participants for off-work time and expenses for travel and accommodation.
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