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Measuring Success ROI Tools
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Everyone wants to be successful….. but measuring success can be challenging
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Quality Performance Quality Care How do you know education makes a difference?
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If you manage a learning solution but can't explain how it impacts people or the organization, then: (a) you won't get credit, (b) you won't know if you can repeat it successfully, and (c) you won't know if its really working.
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What is your organization aiming for? Cost Savings Standardization 100% Compliance More people trained Speed to Work.
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Using ROI tools How much does standard education cost? How much does online education cost? How much is a live event? How much is a virtual event? Are your savings believable? Try an ROI calculator
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Other ROI Savings Every day an employee is not fully up-to-speed costs the organization money in terms of lost productivity or increased errors. Reduced Waste due to improved productivity/training Staff savings for shorter orientation time (new employee doesn’t have to be partnered as long) What else?
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Using ROI Tools
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Define your goals Track performance Celebrate your Success!
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Questions?
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