Training ROI: How to Make Sure Training Is Worth Your Money
All stated arguments must have authoritative facts to support them.
All workers can benefit from professional development and training courses, but when times are tough, training is often one of the first things cut from the budget. Whether they’re to stay on top of industry changes or sharpen their skills, workers benefit from training, and it can be one of a company’s best investments. But managers and executives have to insist on training and show how a company will benefit from the investment. How can managers do this? ESI International recently released the report, "Training ROI: If Someone Asks, You've Already Lost Your Budget," which outlines ways managers can demonstrate ROI and keep training funded. Instead of asking for personal feedback, training organizers need to show numbers and objective metrics that prove training is worthwhile--before, during and after training sessions. ESI International’s guidance can help you build a business case for professional development.
Dennis McCafferty is a freelance writer for Baseline Magazine.
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