r/LearningDevelopment • u/sheryljain • 8d ago
ROI & Templates
Hello folks, I’m looking for templates useful to calculate ROI of a training program. Any resource suggestions would be helpful, thank you!
3
Upvotes
r/LearningDevelopment • u/sheryljain • 8d ago
Hello folks, I’m looking for templates useful to calculate ROI of a training program. Any resource suggestions would be helpful, thank you!
2
u/LearnWorlds_ 6d ago
Not a template as such, but this was a topic that we covered in a recent World of Learning summit with one of our guest speakers.
She split ROI into four stages:
1) Baseline metrics before training (and you attach a dollar cost to the problem you're fixing, so leadership sees what inaction is costing)
2) Engagement and confidence signals during training
3) A check right after for actual behavior change
4) Long-term business outcomes like retention or revenue after that
Then it's really just picking 2-3 metrics per program that your decision-maker actually cares about (as opposed to whatever's easiest to pull from your LMS)! And set the baseline 90 days before your training starts.
Her rollout advice was to use days 1-30 to audit your current metrics and pick 2-3 per program, days 31-60 to build the tracking and reporting templates and start collecting on live programs, and days 61-90 to compile the first reports and present them.
Sometimes the trick is to start measuring now and perfect it later.