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The Cost of an Ineffective Training Program

ej4 eLearning

According to a study by the Society for Human Resources Management (SHRM), the average cost of losing an employee is six months of their base salary. The average employee salary is $53,000, so the average cost of losing an employee would be $26,500. Companies are spending more and more each year on training costs.

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How Learning Management Systems Increase ROI of L&D Programs

TOPYX LMS

Most corporate leaders have some understanding of this, which is why they invest precious funds into L&D programs. And that’s saying something, because these programs are not cheap; they usually end up costing about $1000 per employee. The question is, “Are companies getting a good ROI on their L&D investments?”

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Stepping Up to the ROI Challenge

CLO Magazine

Phillips is president and CEO of the ROI Institute. companies of lavishing $14 billion per year on programs to nurture their leaders while seeing little in return.” And the authors of an October 2016 article in Harvard Business Review referred to leadership development programs as the “great training robbery.”.

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3 Tips to Increase ROI on Education Benefits

CLO Magazine

When the adult-education-focused Lumina Foundation partnered with the health insurer to analyze its Education Reimbursement Program, it found that for every dollar invested, the company generated $1.29 With a 129 percent ROI, executives raised the maximum tuition reimbursement for employees in high-demand roles. in savings.

ROI 66
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12 Ways to Get the Most Out of Your Authoring Tool

Knowing what you need from an eLearning authoring tool can be hard, especially when there are so many options on the market. gomo’s new ebook aims to save you time and hassle by identifying 12 must-have authoring tool features.

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How Businesses Can Evaluate Online Training ROI & Performance

ProProfs

According to the ATD 2016 State of the Industry report, businesses spend about $1,252 per employee on training and development, and the average employee receives 33.5 After all, the target of corporate learning is not only to see a higher ROI on training but also to improve the skill sets of the learners. Measure ROI.

ROI 65
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This Time, It’s Personal: Effective Upskilling Focuses on the Individual

Degreed

PwC found that successful skill-building programs lead to stronger culture, higher productivity, and accelerated innovation. CEOs struggling with the skills gap are worried about missed market opportunities, rising talent costs, stunted growth, and a lack of innovation. The perils of ignoring a skill strategy are notable, too.

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