One of the biggest challenges that eLearning professionals experience is demonstrating the return on investment (ROI) of their training programs. In order to attract project sponsors and to justify resources invested in the development of eLearning, projects need to prove that they deliver real benefit to an organization. This article discusses considerations that need to be factored in when calculating eLearning ROI. Tips For Assessing Return On Investment Of eLearning eLearning has revolutionized how individuals (personally as well as in corporate settings) learn. There are a number of reasons why businesses and individuals gravitate towards eLearning programs, including: Flexibility Cost-effectiveness Standardization Repeatability Convenience ...just to name a few. However, as with any business venture, eLearning projects need to show that they deliver real benefit to an organization. If they can't demonstrate such value, then they are likely to not attract champions … [Read more...] about Assessing Return On Investment Of eLearning
eLearning ROI
Learning Curve: How Employers Can Change Steep To Genial Learning Experiences
There’s plenty of evidence, both anecdotal and empirical, that if you try to teach someone new things when they are anxious, the result is often counterproductive. So, what can employers do to help transform a steep learning experience into a more genial and smooth learning curve? How Can The Learning Curve Help Employers Change Learning Experiences? When new processes, procedures or tools are introduced in the workplace, it’s natural for employees to feel overwhelmed. The steep initial learning curve associated with embracing such change is often what gives workers cause for stress. What Is The Learning Curve? At it’s most basic level when used to measure accomplishments or lack thereof, a curve is associated with a gradual incline, uphill or steep, or decline, down-hill or “less steep”, in reported results. The learning curve is typically used as a measure that determines how difficult or easy it is for educators to impart knowledge, and for employees to learn new skills or acquire … [Read more...] about Learning Curve: How Employers Can Change Steep To Genial Learning Experiences
How to Measure ELearning Effectiveness: Using key performance indicators to validate investment decisions
For any business endeavor to be justified, business leaders ask their management teams to provide concrete facts and figures, in terms of Return On Investment (ROI), that show beyond doubt that the proposed initiative is worth undertaking. Similarly, once the project has been commissioned, senior management and project sponsors need to know whether their investment was justified – in hindsight. Therefore, to rationalize eLearning projects prior to development, Instructional Designers and project managers need to collect, evaluate, and report on specific Key Performance Indicators (KPIs). How Key Performance Indicators Help In Justifying Αn eLearning Investment If an eLearning initiative offers a better return than the outlay (dollars, time, effort, inconvenience factor) needed, then it is likely to be approved. However, when judging an eLearning projects’ ROI, business leaders expect to see tangible performance results following the implementation of the training program. These metrics … [Read more...] about How to Measure ELearning Effectiveness: Using key performance indicators to validate investment decisions
Level 4 Training Evaluation
Prudence dictates that investment decisions for any new project, whether it is commercial or non-profit in nature, must be predicated upon a solid business case of value delivery. While some social programs might be justified even though there might not be a monetary value to them, most initiatives in the business world are tied to demonstrable value, either in productivity or monetary terms. Corporate training initiatives fall within that category. Level 4 Training Evaluation - The key to measuring training value Deceptively impossible Achieving "real" results is the ultimate objective of any company's training initiatives. Organizations typically won't invest in a training program unless management is convinced that the proposed training will lead to specific benefits. The challenge that most corporate trainers face however is: How does one measure "real" organizational impact as a result of training? And the answer is: Through a Kirkpatrick Level 4 Evaluation. And when Level 4 … [Read more...] about Level 4 Training Evaluation
