I need someone to help me with the theory and process of calculating ROI from a training perspective. As a Training Manager, if I have to showcase the return on investment, how do I go about it? If someone has any documents or a PowerPoint presentation with detailed information, kindly help me with that. I need help here. I need to prepare for an interview for a Training Manager profile.
From India,
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Dear Preetam,
Though there is a general rule for measuring ROI on training, it is important to customize the measures. You have not mentioned the nature of the industry or the finished product or service of the company for which you have applied for the post of Training Manager.
As far as ROI on training is concerned, there are a large number of posts available on this forum. You could have checked this forum. I have also given a sufficient number of replies on such posts. You may click the following links to refer to the replies:
- #post2015092
- #post1969910
- https://www.citehr.com/311628-measur...ml#post1411484 (though this is related to technical training, the comments are useful for behavioral training as well)
- https://www.citehr.com/119766-kirkpa...tml#post758770
- https://www.citehr.com/171892-honeym...tml#post743051
- https://www.citehr.com/137807-parame...tml#post712618
- https://www.citehr.com/479129-how-ge...ml#post2112781
- https://www.citehr.com/336611-roi-ca...ml#post1552221
- https://www.citehr.com/423763-evalua...ml#post2149785
- https://www.citehr.com/498440-how-ca...utomobile.html
- https://www.citehr.com/446478-traini...-industry.html
I recommend you go through the above links patiently. It will enhance your training awareness.
Final Comments: For any training to be successful, you need to measure the costs associated with the business. Measurement of training is the cost before the training and the cost after the training. Though the measurement of ROI on training is simple, measuring the costs and designing training programs to reduce the costs is not simple.
All the best!
Dinesh Divekar
From India, Bangalore
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8036Though there is a general rule for measuring ROI on training, it is important to customize the measures. You have not mentioned the nature of the industry or the finished product or service of the company for which you have applied for the post of Training Manager.
As far as ROI on training is concerned, there are a large number of posts available on this forum. You could have checked this forum. I have also given a sufficient number of replies on such posts. You may click the following links to refer to the replies:
- #post2015092
- #post1969910
- https://www.citehr.com/311628-measur...ml#post1411484 (though this is related to technical training, the comments are useful for behavioral training as well)
- https://www.citehr.com/119766-kirkpa...tml#post758770
- https://www.citehr.com/171892-honeym...tml#post743051
- https://www.citehr.com/137807-parame...tml#post712618
- https://www.citehr.com/479129-how-ge...ml#post2112781
- https://www.citehr.com/336611-roi-ca...ml#post1552221
- https://www.citehr.com/423763-evalua...ml#post2149785
- https://www.citehr.com/498440-how-ca...utomobile.html
- https://www.citehr.com/446478-traini...-industry.html
I recommend you go through the above links patiently. It will enhance your training awareness.
Final Comments: For any training to be successful, you need to measure the costs associated with the business. Measurement of training is the cost before the training and the cost after the training. Though the measurement of ROI on training is simple, measuring the costs and designing training programs to reduce the costs is not simple.
All the best!
Dinesh Divekar
From India, Bangalore
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ROI Training.zip
Training ROI Calculator.xls