Lake Forest Corporate Education Will Measure Your Return On Learning Investment [ROLI]
How Do You Know if Training Pays Off?
LFCE offers clients a unique tool to measure training results, Return On Learning Investment (ROLI™) studies.
ROLI™ is our name for the direct and measurable impact that our educational programs have on your business performance goals.
ROLI analysis is one of the tools we use to measure the results of our efforts. Every LFCE curriculum is designed and delivered to maximize your ROLI.
While the Process is Rigorous, ROLI Results are Easy to Understand
LFCE Director Susan Vece explains, "Our ROLI studies clarify the value of our training to clients. Each study shows how much of a client’s new revenue, cost savings, and/or increased productivity is directly attributable to the skills learned in the customized training program we presented.
Smart organizations want to know that every dollar they spend advances them towards their goals. No matter what the investment, it only makes good business sense to know if you got what you paid for.
When it comes to investing in people, an organization’s most precious source of competitive advantage, it’s imperative to do so."
Calculating Your Return On Learning Investment
To ensure credibility and integrity, our ROLI analysis is a tightly controlled, conservatively estimated process using validity controls and following commonly accepted financial measures.
In calculating your Return on Learning Investment, we:
> Measure only those results that are both relevant to the achievement of the business goal(s) and within the control of each participant
> Carefully control the chosen variables throughout the training process
> Closely connect performance results to specific skills learned in the program
> Account for all direct and associated training costs
> Conservatively estimate the cost savings and/or revenue generation directly attributable to the training
LFCE clients have used our ROLI analysis to:
> Create new initiatives
> Gain senior management commitment for new pro-grams
> Demonstrate the value of existing programs
We welcome the opportunity to measure the specific gains that LFCE's educational programs can bring to your organization.
Return On Learning Investment Case Studies
Below are LFCE client ROLI studies previously published in Lake Effects, the Lake Forest Graduate School of Management newsletter.
> Hospira Business Leadership Academy: Proving Employee Retention's Impact on Bottom Line
> Kajima Improves Its Business Plan With Lake Forest Corporate Education Training
