Although it requires the consideration of both known facts and unknown future circumstances, quantifying the ROI of training is very useful in determining the expected benefits from training. This tool enables you to consider the following factors in deciding on a training program:
- Training costs
- Productivity gains
- Direct savings
- Employee satisfaction
Training is one of the first things to get dropped from the budget during tough economic times. Understand the costs and benefits so that key training activities can be protected.