Remove 2016 Remove Business Remove ROI Remove Tagging
article thumbnail

3 Tips to Increase ROI on Education Benefits

CLO Magazine

The reasons a company should seriously consider offering tuition benefits run the gamut: To attract talent, to retain it, and as last year’s Cigna study showed, to move the business forward and improve its bottom line. With a 129 percent ROI, executives raised the maximum tuition reimbursement for employees in high-demand roles.

ROI 66
article thumbnail

The Business Case for Leadership Development

CLO Magazine

In recent years, CLOs have faced growing headwinds when it comes to making a business case for leadership development. And the authors of an October 2016 article in Harvard Business Review referred to leadership development programs as the “great training robbery.”. Leadership Development Supports Business Goals .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Training vs. Student Loan Repayment. Where’s the Greater ROI?

CLO Magazine

As an employer in a tight labor market, finding ways to leverage and lengthen that time is a key factor in the business’ long-term growth. In 2016, a Gallup poll found that 87 percent of millennials say that development is important in a job. Your business’ bottom line — and your employees — will thank you in the long run.

ROI 52
article thumbnail

The Business Partnership Award

CLO Magazine

Learning in Practice Awards 2016. that has demonstrated exceptional business impact from their workforce development programs. To improve these soft skills, Bechtel University created an interactive, business-relevant program that works for all types of learners. After one year, the program had an ROI of 807 percent.

article thumbnail

Why Your Upskilling Strategy Should Include an LXP

EdCast

Businesses often face a wide gap between vacant positions requiring new skills and competent candidates to fill them, commonly referred to as the skills gap. Upskilling has thus become integral to hiring, developing, and retaining the best talent to remain competitive in a dynamic business milieu. The Skills Gap Problem. Conclusion.

article thumbnail

Avoiding the Curse of the Consultant

CLO Magazine

Although 2016 data hasn’t yet been published, the growth trend was expected to continue with the U.S. Clients who fund consulting want to see the business value and sometimes even the ROI. Consulting can also be a risky business. The first challenge is to deliver credible business results to clients.

article thumbnail

Rethink Leadership Development

CLO Magazine

Last year, companies spent almost $31 billion on leadership development programs according to Deloitte’s 2016 Global Human Capital Trends report. Companies need to understand the business needs and the environment of what is required of them today and in the future.”. Nicholaus Garcia is a Chief Learning Officer editorial intern.