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Learning and development programs can represent a significant budget investment – and for good reasons. Research consultancy group Accenture found that for every dollar invested in training, companies received $4.53 in return, which is a 353% return on investment (ROI). Learning, development, and training efforts can go a long way toward improving your employee skill sets as well as your bottom line.
But what if your ROI is lagging? What do you do if you don’t see the effects of your learning programs – driving the results that make your investment seem sound? There are a few ways to improve your learning and training ROI and prove the value of your learning investments to your organization.
The first way to raise your ROI is to troubleshoot the underlying reasons for under-performing programs. Most times, explanations for less-than-ideal L&D ROI can be boiled down to a handful of straightforward, solvable items:
Finding the most relevant content, pairing it with the right learning experience, and making sure both support the big picture business goals is every L&D leader's toughest and most important challenge. Getting that recipe right will help drive the most ROI from L&D initiatives.
Ardent consults with every client in order to recommend the best solution to achieve results for their unique business goals. If you’re curious how we can help you drive your ROI as well as your business results, schedule a call with us for a complimentary consultation on your learning and development strategy.