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Getting creative with learning ROI measurement

CLO Magazine

Of the 1,469 respondents to Chief Learning Officer’s October 2020 “Learning State of the Industry” survey, 26 percent said they currently measure formal ROI for learning, 24 percent said they plan to begin doing so in the next 12 months and an additional 13 percent plan to within the next 12-24 months.

ROI 112
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Making your L&D budget recession-proof: 7 strategies to take now

CLO Magazine

Number two is ROI. You get the picture. Remind executives that the highest ROI comes from soft skills, not hard skill programs. It is rare to enforce a budget cut without some discussion and analysis. Learn how to forecast ROI. The number one measure they want to see is a business impact.

Budget 97
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The Case for Small Data in Learning

CLO Magazine

Increasingly, LMSs provide learning analytics that mine large volumes of learner data to determine ROI and other learning impacts. In big data learning analysis, people are often reduced to numbers. Sentiment analysis of discussion and other social learning interactions. Big data is impersonal. A deeper dive on learning path.

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5 steps to better-informed leadership development decisions

CLO Magazine

You will have the information you need to make evidence-based decisions, set priorities and determine where to invest your valuable time and resources to optimize your business ROI. It’s important to narrow down what you find and to focus first on those levers that your analysis shows will produce the greatest quantifiable impact.

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Designing a Learning Budget You Can Defend

CLO Magazine

The learning function must deliver performance gains and measurable ROI — both of which require careful planning and a transparent process illustrating exactly where and how funds will be spent. Be able to explain in some detail the thinking and analysis behind each budget request. Go after the low-hanging fruit first.

Budget 74
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Can better leadership skills unlock greater wellbeing at work?

CLO Magazine

As with many L&D program objectives, the ROI of wellbeing strategies comes down to effective measurement. In partnership with a client who is prioritizing wellbeing at work, we’ve created a wellbeing dashboard with a constellation of metrics to help create a fuller picture of team members’ happiness. Measuring wellbeing.

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‘Learning literacy’ and the currency of a knowledge-based economy

CLO Magazine

More people are evaluating the ROI of an educational investment through an occupational lens. I’ve already shared some of the big-picture reasons why it makes sense for employers to support lifelong learning, from social mobility to our national economy. There is growing awareness about the importance of linking learning and work.