Top 7 Tips For Maximizing Your Education & Training Dollars to Deliver Positive Return on Investment

Leanne Hoagland-Smith
 


Visitors: 362

In 2004, corporate America spent an excess of $65 billion on training and development (according to Association for Training and Development – ASTD) delivered in many cases through the human resource departments. Yet, research suggests that possibly only 10% of traditional training is actually transferred to the workplace.

Consider the following tips when adopting or revisiting your training programs.

1. Separate any symptoms from the real problem

Many times the first words heard are “We need training" whether it is for diversity, customer service, sales, etc. Yet, the training issue may be only a symptom of a far more pervasive problem. This is the time to administer an organizational assessment before the implementation of any training solution.

2. Include measurable objectives

Objectives should be started using verbs such as demonstrate, define or list.

3. Include opportunities for cognitive retention

Research suggests that a one time exposure to a learning event results in 2% cognitive retention after 16 days. However, 6 consecutive reinforcements such as through audio CD’s increases cognitive retention to 60-65%.

4. Develop the program to reflect the culture within your organization

The program should be customized through the use of role-playing vignettes, etc. to integrate the desired skills within the company.

5. Address beliefs and therefore attitudes

Given that beliefs are the foundational thought processes that drive attitudes which in turn are demonstrated as observable behaviors, then focusing on the underlying beliefs is a critical component to the ultimate success of any training or development program.

6. Provide time for application

Recently I read where a 6 hour one day nationally offered public workshop on communication and supervisory skills offered over 50 objectives for $175 per participant. That’s a lot of knowledge. However, if you consider that every 7.2 minutes another objective was being delivered at a cost of $3.50 per objective, that leaves very little time for interaction between participants less alone opportunities for application.

7. Align program to Kirkpatrick’s Third and Fourth Levels of Evaluation

Dr. Don Kirkpatrick developed taxonomy on how to evaluate training. The Third Level focuses on application – How is the training being applied within the workplace? Level Four centers on impact of the training specific to measurable results.

By infusing these 7 tips into your training program, your most limited resources should quickly deliver at least double the results.

Leanne Hoagland-Smith, President of ADVANCED SYSTEMS, integrates an organizational assessment that in 2 to 4 weeks can quickly and affordably identify the gaps in YOUR organization and provide you with an Action Plan that you can easily implement and monitor.

Take the time to ensure that your actions are directonally correct.

ADVANCED SYSTEMS

Connecting Passion to Purpose to DOUBLE Performance in Real Time

(499)

Article Source:


 
Rate this Article:  0.0/5(0 Ratings)

Related Articles:

Education - Return on Investment 101

by: Martin Thomson (December 30, 2007) 
(Investing)

Training and ROI (Return On Investment)

by: Rosanne Dausilio (April 06, 2005) 
(Business/Management)

The Best Investment For Yor Training Dollars

by: Jon E. Watson (December 15, 2007) 
(Investing)

Increasing the Return on Your Training Investment

by: Kevin Eikenberry (June 08, 2005) 
(Business/Management)

Overseas Property Investment - Tips For Maximizing Your Profits

by: Sacha Tarkovsky (August 27, 2006) 
(Real Estate)

Training: 7 Tips to Guarantee that Your Training Dollars Double Your Business ..

by: Leanne Hoagland-Smith (October 29, 2005) 
(Business/Top7 or 10 Tips)

Google AdWords Advertising - 5 Secret Tips For Skyrocketing Your Return on ..

by: Fabian Tan (July 07, 2008) 
(Internet and Businesses Online/PPC Advertising)

How to Get a 1,420% Return (Yes 1,425%) on Your Marketing Dollars

by: Peter Kirkham (February 03, 2008) 
(Business/Marketing)

Some of the Best ROI (Return on Investment) Investment Ideas Are the Simplest

by: Terry Hart (October 29, 2008) 
(Investing)

Investing 700 Dollars - A Remarkable Return

by: Terry Hart (October 04, 2008) 
(Investing)