The Learning Methods Cost-Benefit Analysis tool is designed to help you calculate the hard costs and benefits of different training and development delivery mechanisms. The results of a comprehensive financial analysis will demonstrate if, and to what extent, a Return on Investment (ROI) is being achieved.
This tool will help you:
- Quantify the one-time and ongoing costs of multiple training and delivery methods.
- Quantify the benefits that these training and delivery methods should bring.
- Compare multiple methods to determine which deliver the highest ROI and provide a rationale for method selection.
Organizations have been traditionally leery of financial calculations on training and development, citing a number of challenges. Calculating ROI is not difficult if done systematically – all that’s required is time and willingness to complete the exercise.