Advanced Measuring ROI & Training Effectiveness

Course overview

The age-old underpinning demand made in return for a position given is “Show me the money!” Even if there are training budgets set out specifically for employee up skilling, such monies must be effectively utilized by showing the ROI (Return on Investment) or measure of Training Effectiveness!

At Trainee Bee, we’ve come to understand the importance of giving all learning managers, training consultants, and content creators the tools they need to calculate the actual financial success their work brings to customers. We think that if you’re going to offer a service, you ought to be able to forecast and show the money your clients have made thanks to that service. By enrolling in our “Measuring ROI and Evaluating Training Effectiveness Course,” you may cheerfully earn your worth fee and truly “show them the money.”

In a big company, the learning and development area is a dynamic world that is gaining fresh energy every day. A training manager must strategically generate a good yield for the firm while also directing, coordinating, and utilizing personnel within. Otherwise, having internal trainers is of little benefit.

You will be prepared to create a lasting impression on your business thanks to this “Measuring ROI and Evaluating Training Effectiveness Course” since you will be able to show the organization genuine profit for the job you will undertake. This course is appropriate for you, particularly if your interests and ability to far have shown that you desire to pursue a career in training as an independent training management consultant.

So that you can lead the learning environments in your organization with a clear objective that can be reached, especially since you can foresee and calculate it, this Trainee Bee training course will prepare you. You will learn practical analytical approaches through this certification program that you may teach to other team members in your department.

Introduction

Measuring return on investment (ROI) and evaluating training effectiveness are both important metrics for gauging the success of a training program. ROI measures the financial value of a training program, usually in terms of a dollar ratio of the return a business receives relative to what it invested in the training program. Evaluation of training effectiveness helps to measure the impact of the training program on performance as well as the overall goals of the organization. Both of these measures are important to accurately assess whether a training program is effective and worth the cost.

We are The Training Bee, a global training and education firm providing services in many countries. We are specialized in capacity building and talent development solutions for individuals and organizations, with our highly customized programs and training sessions.

Learning Objectives

Upon completing Advanced Measuring ROI & Training Effectiveness, participants will be able to:

• The capacity to do a ROI (Return on Investment) analysis and distribute it to clients and stakeholders
• Feedback in real-time on their capacity to apply tools to precisely calculate Training Effectiveness
• Tools from the twenty-first century are available to calculate ROI quickly and cheaply.
• The capacity to develop methods for measuring concrete employee productivity and connecting it to training received
• Capacity to correct any flaws in current ROI calculating methods

Our Unique Training Methodology

This interactive course comprises the following training methods:

• Role-playing – Participants will take part in several role-plays and understand practical ways of solving issues.
• Journaling – This consists of setting a timer and letting your thoughts flow, unedited and unscripted recording events, ideas, and thoughts over a while, related to the topic.
• Social learning – Information and expertise exchanged amongst peers via computer-based technologies and interactive conversations including Blogging, instant messaging, and forums for debate in groups.
• Mind mapping and brainstorming – A session will be carried out between participants to uncover unique ideas, thoughts, and opinions having a quality discussion.
• Interactive sessions – The course will use informative lectures to introduce key concepts and theories related to the topic.
• Presentations – Participants will be presented with multimedia tools such as videos and graphics to enhance learning. These will be delivered engagingly and interactively.

Training Medium

This Advanced Measuring ROI & Training Effectiveness training is designed in a way that it can be delivered face-to-face and virtually.

Course Duration

This training is versatile in its delivery. The training can be delivered as a full-fledged 40-hour training program or a 15- hours crash course covering 5 hours of content each day over 3 days

Pre-course Assessment

Before you enroll in this course all we wanted to know is your exact mindset and your way of thinking.
For that, we have designed this questionnaire attached below.

• What are your organization’s key goals?
• What does success look like for your training programs?
• What criteria do you use to measure the effectiveness of your training programs?
• What methods do you use to evaluate the return on investment (ROI) of your training programs?
• How do you measure the impact of your training program on employee development?
• Do you use any software or data tracking systems to measure the effectiveness of your training?

Course Modules

This Advanced Measuring ROI & Training Effectiveness covers the following topics for understanding the essentials of the Agile Workplace:

Module 1 – The 21st Century’s Introduction to Training and Development

• Training and employee development’s role and function in human resources in the twenty-first century
• The Employee Learning Curve Setting Goals for Training
• The Educational Pathway

Module 2 – The Need to Determine ROI

• Who defines ROI?
• The Training Industry and ROI
• Why do ROI estimates?
• Finding the WIFM factors
• By whom should ROI be calculated?

Module 3 – Tools for ROI Calculation

• The ROI formula
• Training Results—Tangible and Intangible
• Creating Success Values in Money
• The case study and explanation of the ROI metric

Module 4 – Evaluation of Training Using Kirkpatrick Model

• 8 methods to assess it: Introduction to the 4 Levels of Training Evaluation Reaction
• How can participant learning be verified?
• Attitudes and behaviors of participants
• How are tangible results determined?

Module 5 – Data Analysis for ROI Calculation

• The Training Needs Intervention Process: Training Need Analysis’s Importance
• How should a proper pre-assessment be done?
• Expectations Organizing with Clients and Stakeholders
• Calculating the Cost of Employee Training
• Carrying out a fair post-training evaluation

Module 6 – Employee Training’s Real-World Effects

• How can data impacts be isolated?
• How to Use a Control Group Effectively with Trend Line Analysis
• Forecasting and Projections Using Reference Data from Experts

Module 7 – Costs of Training Calculation

• Why Cost of Training Information?
• Productivity and staffing costs as well as direct and indirect costs of employee training

Module 8 – Using the ROI Calculator

• How should I use the step-by-step approach?
• Practice and Case Studies
• Utilize your own data to assess ROI.
• Giving stakeholders a presentation of your calculations

Post-course Assessment

Participants need to complete an assessment post-course completion so our mentors will get to know their understanding of the course. A mentor will also have interrogative conversations with participants and provide valuable feedback.

• What metrics have you identified that will help to measure the ROI of training?
• What criteria have you set to evaluate the effectiveness of the training?
• What data have you collected that will help to track the return on investment of the training?
• How do you plan to use this data to evaluate the effectiveness of the training?
• How will you measure the impact of the training on the organization?
• What strategies have you put into place to ensure continuous improvement of the training?

Lessons Learned

The most important lesson learned from measuring ROI and evaluating training effectiveness is the need to take a holistic approach to understand the value of training and its impact on the organization. Organizations need to consider both quantitative and qualitative measures when measuring their training program’s ROI and effectiveness. This includes tracking metrics such as cost, time, and other resources invested in the training. It also involves understanding how successful the training was in terms of its ability to efficiently transfer knowledge and improve employee performance. Taking a holistic approach to evaluating and measuring training ROI can help organizations maximize their return on investment and further improve their training programs.

“To determine if training is effective in revealing hidden value, measure ROI.”