Training ROI (Return on Investment) refers to the measurement of the financial benefits an organization receives from its training programs compared to the cost of implementing those programs. It's a key metric used to evaluate the effectiveness of training and development efforts, and it is usually expressed as a percentage.
Measuring Training ROI is important because:
Challenges in measuring Training ROI include:
Net Benefits is the monetary value of the benefits gained from the training minus the cost of the training. Cost of Training includes all expenses related to the training program, such as materials, trainers' fees, and participants' time.