ROI

 
  
 
Return on Investment (ROI) or Business Impact
 
Why should I spend money to train my employees? What is the payback for my business? 
 
There is no one single formula that works for every employer, although there are many tools and formulas from which to choose.  
 
 
Here are some fact sheets about possible benefits to business (click on each):
 
Here are some tools/sources/links about measuring return on investment or business impact (click on each):
     
§         www.Scorecardforskills.com
§         Why Train? Calculating Return on Training Investment
www.workplacebasicskills.com
§         http://www.work-basedlearning.org/bus_case.cfm
§         ROI Institute Methodology and Self Assessment http://www.roiinstitute.net/websites/ROIInstitute/ROIInstitute/Default.asp?DivisionID='297'
§         The Conference Board of Canada: Workplace Literacy - Did It Work?
      http://www.conferenceboard.ca/workplaceliteracy/print-friendly/subsolution6.asp
§         The Conference Board of Canada: Benefits for Employees, Employers, and Unions
      http://www.conferenceboard.ca/workplaceliteracy/benefit.asp
§         Report: Turning Skills Into Profit http://www.conferenceboard.ca/education/pdf/Skills_Profits.pdf
§        This presentation, by Karl M. Kapp, covers various concepts related to evaluating learning programs and events http://breeze.bloomu.edu/p73602119.  You can visit his website at www.karlkapp.com