How can I track the ROI of my training programs?
An example of an AI chatbot conversation about tracking the return on investment for training programs.
How can I track the ROI of my training programs?
To track the ROI of your training programs, you can start by measuring the costs of the training against the benefits gained.
What specific metrics should I consider?
Consider metrics like employee performance improvements, productivity increases, and retention rates post-training.
How do I calculate the ROI percentage?
The formula is: ROI = (Net Benefits / Total Costs) x 100. Net Benefits are the gains from training minus the costs.
Can you give me an example of this calculation?
Sure! If your training costs $10,000 and the benefits are $15,000, the ROI would be ((15,000 - 10,000) / 10,000) x 100 = 50%.
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