MicroAssist Learn @ Lunch: E-Learning ROI (Return on Investment)
The E-Learning Cycle – Return On Investment (ROI): How it is computed and why we need it.
Where: Microsoft Technology Center (9606 North Mopac, Suite 200)
When: Wednesday, March 17th from 11:30 am - 1:00 pm
Cost: $25 per person |
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How does your manager make a decision on whether to fund your training program? What tools do they use? How does your manager have to justify your training budget to his supervisor?
As budgets are tightened it is crucial that you can justify your training program budget. Otherwise your worthwhile training program may not get funded. Organizations want to be assured that wants you to prove that your training programs are effective and they provide a Return On Investment (ROI) on money invested. Practitioners who need to show how training programs contribute to the bottom line.
Learning about ROI allows you to:
- Build a business case for your training projects using the language of finance and management
- Drive accountability in your training process
- Allows you to prioritize your training needs
The last Learn @ Lunch in the series focused on cost of E-learning cost (Investment). This Learn @ Lunch will focus on how to calculate the Return and thereby the ROI. We will discuss:
- Benefits of using ROI to measure training programs
- Measuring the Return on Investment of Training
- Model for calculating Training ROI
- How to collect data on performance?
- How to isolate the effects of training?
- Converting Tangible Indicators vs. Soft Data (Intangible) Indicators
- Calculating ROI
Registration closes Wednesday, March 10, 2009