Making the Business Case for Training Programs
Here is a short exerpt from this e-book:
A business case presents a comprehensive view of a project or initiative and provides the financial justification for implementation. We’ve grown accustomed to human resources and training professionals advocating for employee training based upon some sort of return on investment calculation. In general, these arguments run something like, we’ll spend “$X” for training and realize “$Y” in benefit. The return on investment is the difference between the anticipated benefit and the costs. The problem with an “ROI centric” view of the business case for training is that such an analysis isolates employee training efforts from broader business needs and objectives. ROI is important, but we believe you can make a more effective business case by coming at the whole thing from a different angle. You may (and likely WILL) end up making an ROI evaluation, but it might be best to start your efforts from a different perspective.
Building an effective business case for any training initiative should start with a comprehensive needs analysis that builds from the basic business drivers that are currently impacting your organization.Interested in reading the entire e-book?
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