Learning professionals know that proving the value of L&D is essential to keeping and increasing the resources at their disposal. According to our survey of L&D departments in the U.S., one of the key differentiators of top performing departments, regardless of industry or size, is their close relationship with senior executives and their commitment to measuring the ROI of corporate learning.
Unsurprisingly, these departments were most likely to hold more days of training per employee and consider their departments more competitive than their industry peers. At its heart, proving the business impact of learning is essential to ensure investment in your people: every organization’s most valuable and appreciable resource.
If your organization doesn’t demonstrably act on a belief that employee development is a crucial catalyst to keep your organization competitive, it is essential to make an airtight business case for learning. If you don’t advocate for employee learning by proving positive business impact “[Executives] will think that learning is a necessary evil. We should want them to look at it as a business driver,” according to Jack Phillips, Ph.D and Chairman of the ROI Institute, an organization which helps the L&D community demonstrate the value of learning.
When an L&D department hasn’t demonstrated their impact on business results, they become an easy target for budget cuts. “Executives just say we can’t afford to do this. If they see the connection, we can make the case that we can’t afford not to do this,” says Phillips.
Finish reading the ''Proving the Business Impact of Training'' article to learn how to:
- Redefine training success to align with organizational goals
- Design learning initiatives with measurable impact in mind
- Take credit for the business impact that learning has on the organisation
- Get buy-in from managers to ensure learning is used on the job
- Deliver and present convincing results to your senior leadership
- Win the learning budget that your department needs to drive your organisation forward
Featuring practical advice from learning professionals at BPS World, The ROI Institute, and ZSL London Zoo, this article is part of the U.S. L&D Report 2018: Benchmark Your Workplace Learning Strategy.
Download the report below:
5 MINUTE READ
- The employee training budgets, highest priority training topics, and most-used training methods of today.
- Down to earth advice from L&D leaders to help you work with emerging technologies, develop your learning culture, and measure and promote the business impact of workplace learning.
- What challenges L&D professionals rate as #1 in 2018, how they rate executive engagement at their company, assess the impact of training and more!