How can I measure the ROI of my training programs?

How can I measure the ROI of my training programs?

To measure the ROI of your training programs, you can use the formula: ROI = (Net Benefits / Costs) x 100. Net benefits include increased productivity, reduced turnover, and improved performance.

What specific metrics should I consider for net benefits?

Consider metrics like employee performance improvements, sales increases, cost savings, and employee retention rates.

How do I calculate the costs associated with training?

Costs can include direct expenses like training materials and instructor fees, as well as indirect costs like employee time away from work.

Can you give me an example of a successful ROI calculation?

Sure! If you spent $10,000 on training and saw a $30,000 increase in productivity, your ROI would be ((30,000 - 10,000) / 10,000) x 100 = 200%.