Case study: return on training investment at Baylor Health Care

Article Author: Lorri Freifeld. By Frank Lloyd, Associate Dean, Executive Education, Southern Methodist University (SMU) Cox School of Business   When Rosemary Luquire joined Baylor Health Care System (BHCS) as Senior Vice President and Chief Nursing Officer a few years ago, she recognized the need to strengthen the system’s nursing organization by developing leaders from within. BHCS […]

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Calculating the ROI of your training program

Business leaders are placing tremendous pressure on Learning & Development (L&D) practitioners to demonstrate that their learning efforts and initiatives are worth the allocated budget. This is one of the biggest—and never-ending—challenges facing those involved with any aspect of workplace learning. UNABLE TO CONNECT There are many reasons L&D practitioners are unable to connect their […]

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Employee training pays for itself

Author: Erin Roberts-Hall, Corporate Advancement Developer, Grossmont-Cuyamaca Community College District   When Employee Training Institute staff are meeting with clients, we often hear concerns over budget: “We didn’t set aside resources for this topic in the current fiscal year.” “We are still building our revenues back from the recession, so our training budgets haven’t been […]

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10 reasons to invest in employee training

Reduced training costs One of the most significant advantages of online corporate training is that it actually reduces training costs. There will no longer be a need for printed training materials or even on-site facilitators, given that all of the information an employee will need can be found within the online training platform. While there […]

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5 tips to reduce corporate training costs

Conduct a thorough assessment to determine which courses and modules are absolutely necessary. Carefully assess the courses and training materials you are utilizing now to determine which ones are absolutely necessary and which ones can be omitted from your training strategy. Better yet, conduct employee surveys and an in depth needs analysis to determine if […]

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CLOs are a CFO’s best friend

Chief learning officers’ job could be easier with a little help from their friends: chief financial officers. CFOs often rule departmental budgets and make significant decisions about how a company spends its money. If CLOs want to implement a learning and development program, they often have to show its organizational value to financial leadership. But […]

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How to make training stick

Training is big business. According to ASTD, U.S. organizations spent $156 billion last year on employee learning and development. Bersin by Deloitte reports that “in 2012, U.S. companies spent an average of $706 per learner.” Yet, when training professionals come together, the conversation invariably (and quickly) turns to concern about the return on this investment. […]

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The ROI of online training

Organizations that don’t spend money on training their employees face a hard time keeping up with their competitors. That said, online training has become a common training method for many organizations. However, companies are quite tentative when they have to invest on employee training. This is because they are unsure about the return they will […]

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Employee Development: An Investment Worth Making

By Mike Willard, CMRP of Life Cycle Engineering As appeared in the June 2005 issue of Maintenance Technology Today, management within many maintenance organizations view their workforce as “resources” that provide the hands necessary to perform a function or to complete a task. In most instances, the use of these workers as resources has been […]

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