Simply put, ROI is a measurement of the gross benefits of your programs in the context of total cost.There are five ways to increase benefits and decrease costs.
To begin, professionals should focus on reaching the upper echelon of the Kirkpatrick Model. They can do so by finding ways to (1) decrease employee training and volume; (2) deliver training in tools or devices employees already use; (3) frame training in an applicable context; and (4) support memory and recall with spaced repetition. Second, digital forms of learning allow professionals to use a wider variety of learning tools. For example, they can use videos to present information visually. These pieces of bite-sized content help improve learners’ focus and retention by up to 80%. Third, professionals can ensure that they are meeting strategic outcomes by measuring product adoption rates, application of new knowledge, employee retention, new hire onboarding satisfaction rates, and more.
With Arist, Learning and Development (L&D) professionals can build a learning outcomes-focused culture. Arist is a science-backed microlearning platform designed to save learners time, money and energy. Arist can save L&D teams up to 82% on course creation and delivery. Moreover, it is used by 15 percent of the world’s Fortune 500 companies. Not only can Arist help you measure ROI through revenue by attaching value to modern KPIs, it also boosts confidence in employees and boasts improved employee retention.
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