Organizations have been leery of financial calculations on training and development, citing a number of challenges, but calculating ROI is not difficult if done systematically – all that’s required is time and a willingness to complete the exercise. Use the Training and Development Program ROI Analysis Tool to:
- Compare the costs of in-house and external training and development programs.
- Itemize the costs of a training program in terms of initial implementation and ongoing management and delivery.
- Document the benefits in hard numbers.
- Track core KPIs to measure the success of training and development program(s).
Use this tool to quantify the costs and benefits associated with training and development programs.