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Meet Monetary and Fiscal Targets with the True Value of Learning
sponsored by SkillSoft Corporation
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Posted:
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15 Aug 2008
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Published:
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15 Aug 2008
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Format:
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PDF
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Length:
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8
Page(s)
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Type:
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White Paper
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Language:
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English
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ABSTRACT:
Traditionally, learning organizations have measured their performance in learning terms: How many courses have been taken? How many learners completed courses? How many students showed up? How many scored over 70 percent on the test? While these measurements have validity for the training department, they mean very little to department heads and CFOs, whose prime concern is meeting monetary and fiscal targets.
One of the many misconceptions in business is that a training department is there to train the company's employees. However, the only justifiable reason to have a training department is to assist the company in attaining its bottom line goals or critical business goals. So, when we evaluate the contribution training brings to the company, shouldn't we look at how it affects the bottom line numbers rather than how well individual training courses are being accepted by individual learners?
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Author
Dennis Brown
Senior Director,Market Development
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SkillSoft
Dennis is a co-founder of SkillSoft, where he begun by establishing and managing strategic partnerships with worldwide course development companies and putting over 200 SkillSoft courses into production. Over the last 16 years Dennis has been published in trade publications and presented at hundreds of conventions and seminars on topics such as blended learning, e-learning for the knowledge economy, organizational effectiveness, the ROI of learning and others.
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BROWSE RELATED
RESOURCES
Customer Service | eLearning Software | Employee Monitoring | ROI | Staffing | Training
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View All Resources
sponsored by SkillSoft Corporation
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