ERIC Number: ED462609
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Getting to Grips with Returns on Investment in Training. Revised.
This paper, on the returns on investment (ROI) in training, introduces some practical examples for enterprises or organizations wanting to find out whether the money they have spent or intend to spend on training is necessary. It provides strategies for researchers who would like to undertake research in this area. The paper begins by examining what is meant by ROI and then focuses on what is meant by ROI in training. It borrows from the work of specific researchers and human resource consultants who have come up with systematic models for undertaking this type of evaluation and presents these models in a simple and easy to understand format. Some models for analyzing ROI and ROI in training have been around for a long time, but the principles they demonstrate are still very relevant today. Some step-by-step methods for calculating costs and benefits and simple explanations of the various concepts that underpin calculations of a figure for ROI in training are described. An annotated bibliography contains 29 abstracts of books and journals or magazine articles that deal with ROI in training. (YLB)
Descriptors: Adult Education, Corporate Education, Cost Effectiveness, Developed Nations, Educational Economics, Efficiency, Employer Attitudes, Foreign Countries, Industrial Training, Inplant Programs, Investment, Job Training, Labor Force Development, Models, Staff Development, Vocational Education
National Centre for Vocational Education Research, 252 Kensington Road, Leabrook, South Australia 5068, Australia (Cat no. 674: $21.45 Australian). Tel: 08 8333 8400; Fax: 08 8331 9211; e-mail: firstname.lastname@example.org; Web site: http://www.ncver.edu.au. For full text: http://www.ncver.edu.au/research/core/cp0007gtg.pdf.
Publication Type: Guides - Non-Classroom
Education Level: N/A
Authoring Institution: National Centre for Vocational Education Research, Leabrook (Australia).
Identifiers - Location: Australia