Workplace Learning: What’s It Worth? paid civicnation
training their employees to be more efficient and effective at their roles. Last year alone, businesses and organizations in the United States spent nearly $100 billion on workforce learning. And it’s growing fast: by some accounts, industry training grew a whopping 32.5% in 2017. This is a positive trend: the corporate sector is the bedrock of adult learning and development, with an unparalleled ability to provide access to skills and credentials .
With such a monumental investment, you might think corporations would have a better sense of the tangible benefits of investing in training opportunities for employees. And yet, workforce learning is an investment often made blindly by companies, with little understanding of how it will quantifiably improve the employee’s performance or, more importantly, the performance of the organization.
We can—and must—do better. There’s no reason why workplace learning needs to remain in the dark. It’s time for rigorous, practical analysis of the direct impact that newly-acquired skills have on an organization. One organization, the ROI Institute, has worked to better understand the relationship between learning interventions and ROI since 1992, certifying thousands of individuals in their ROI Methodology and generating hundreds of published case studies in the process.
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