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Prove A Return On Training Investment

 

HRD is increasingly expected to be accountable like other business functions.

This two-day masterclass will ensure that delegates leave with an understanding of how to show clear tangible benefits that have a real impact on the business bottom line.

 

With the growth of business trends like TQM and Six-Sigma being adopted by many organisations, top management has given HRD the imperative to develop metrics to quantify training investment.

No longer can training be considered an activity in which large amounts of money is poured into with no visible returns. 

It is necessary to find ways to effectively report back to the Board about the value for every pound / euro / dollar spent on training and learning.

 

What will you learn?

Models for evaluating training and learning
How to identify drivers to improve training return accountability
Cost-benefit analysis of training
Writing aims, objectives and learning outcomes that can really be measured
Ways to align training objectives to key business result areas
Effective methods of collecting learning data for impact studies
Tangible and intangible training evaluation measures
Complying with the Apprenticeship, Skills, Children and Learning Act 2009

How large is the masterclass?

We limit attendance numbers and never sell more than10 places at any of our masterclasses, and often run even smaller classes than this allowing us to maximise your personal learning and give you ample opportunity to ask about how the concepts can work in your own situations. 

This small and almost customised approach means that you can bring examples that you would like to discuss further and we work on these in the masterclass.  This approach appears to be very

much appreciated by those who attend.

Who would most benefit?

Budget Holders, Budget Managers, Financial Directors, HR Directors, Operational or Service Directors, Training & Development Managers from private, public and third sector organisations,

in fact anyone who manages a budget for learning and training and needs to see it reduced.

Why is this important?

Obviously we think it is important to maintain levels of training and learning activity within organisations, but don't take our word for it, read the quotes below:

“Cutting training budgets can be seen as a quick way to save money during a recession, but now is precisely the time to keep investing in the skills and talents of people.  The skills of an organisation’s workforce are its best guarantee of future prosperity and the best investment a business can make in these challenging times.”

Source: Chris Humphries, CEO of the UK

Commission for Employment and Skills

 

"Learning & Development (L&D) teams are under pressure to make significant reductions in training costs. At the same time, organisations recognise a business imperative to continue training, to maintain workforce skills"

Source KnowledgePool Group Ltd, 2008

 

"I would advise that cutting training is a poor business strategy, particularly as our survey also found a fifth of all sector vacancies were hard to fill due to a lack of skilled applicants.

Source: Brian Wisdom, CEO People 1st, Sector Skills Council for

Hospitality, Leisure, Travel & Tourism

 

Against the backdrop of increasingly tough times, the Government and LSC is promoting the Skills Pledge and has made available an additional £350 million to help employers who make the 'Pledge' and access the support of a Train to Gain skills broker at no cost to their business.

Source: Learning & Skills Council (LSC), 2008

 

No time to attend in person?  Then click on the image below to learn more...

Use our REQUEST PAGE for more information, prices and dates.

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