If you've ever been asked to justify the cost of a training program - you know how tough it can be to calculate ROI on learning initiatives!
This one-day workshop from The ROI Institute (leaders in the field of ROI) introduces the concept of ROI, the fastest growing metric for evaluating HR and learning and development.
Participants are exposed to the ROI Methodology, which includes developing objectives, collecting data, isolating the effects of the program, converting data to monetary values, tabulating appropriate program costs, and calculating the ROI. Participants quickly see the advantage of using ROI as six types of data are collected and analyzed.
This workshop takes the mystery out of the use of ROI.
After completing this workshop, participants should be able to:
• Identify the drivers for ROI
• Make the business case for ROI
• Develop program objectives at multiple levels
• Explain to clients how ROI works
• Identify 7 of 12 guiding principles
• Describe the 10 steps in the ROI Methodology
• Plan next steps
You'll receive:
~~ The Bottomline on ROI Benefits and Barriers to Measuring Learning, Performance Improvement, and Human Resource Programs 2nd Edition (HRDQ, 2012) by Patricia Pulliam Phillips
~~ Participant workbook with exercises and exhibits
~~ The ROI Process Model
~~ Lunch!
Benefits of the ROI Methodology
• Align programs to business needs
• Show contributions of selected programs
• Earn respect of senior management/administrators
• Justify/defend budgets
• Improve support for programs
• Enhance design and implementation processes
• Identify inefficient programs that need to be redesigned or eliminated
• Identify successful programs that can be implemented in other areas
Who Should Attend?
This workshop is for anyone in an organization who is interested in knowing more about measuring the success of HR and learning and development, particularly at the ROI level. The workshop focuses on the process to effectively conduct ROI studies. Individuals who should attend are:
• Learning and Development Managers
• Management Development Specialists
• HR Managers
• Performance Consultants
• Facilitators
• Learning Advisors
• Analysts
• HR Coordinators
• Organizational Development Specialists
Facilitator
Patti Phillips, Ph.D. is the President and CEO of the ROI Institute, a renowned expert in measurement and evaluation, and the author of numerous books on the subject. She travels the world teaching organizations how to implement the ROI Methodology. Her work has been featured on CNBC.
