Effectively Measuring ROI for Learning and Development

What is ROI? ROI is an important metric for measuring the impact of learning and development (L&D) that extends beyond numbers. Employees can complete learning and development programs through professional courses. For instance, 70% of employees complete programs on compliance, 51% complete programs on soft skills, and 39% complete programs on product training.

There are five main ways that L&D professionals can boost their ROI. Professionals can tailor to the upper levels of this model by taking advantage of tools that learners already use (i.e., mobile devices) when administering training. Going digital can eliminate the high costs of in-person training. According to Forbes, a single, one-time in-person training can cost $40,000. In addition, professionals need to remember that CEOs are chiefly concerned with whether the L&D team is spending time developing coursework that leads to outcomes that matter. Professionals are also encouraged to “humble brag” about their metrics. They can do so by sharing L&D ROI in company newsletters or showcasing L&D achievements in company slideshows. 

Arist is a science-backed microlearning platform designed to meet learners where they are. 

With the Arist ROI Calculator, professionals can effectively measure ROI through revenue by attaching value to modern KPIs.

Source: Arist