In the corporate world, learning and development (L&D) has become the cornerstone of aligning employee capabilities with business objectives. Every year, millions undergo L&D programs spanning compliance to reskilling. Post-COVID-19, corporations are amplifying their investments in training, with 2022 figures showing a substantial financial commitment per learner across company sizes.
The focus, today, has shifted toward tracking the impact of L&D on revenue and profits. Moreover, new metrics such as enhanced sales due to training, greater employee confidence, and reduced employee turnover warrant attention. Yet, astonishingly, just 8% of L&D teams calculate their return on investment (ROI), leaving the majority without success metrics. The complexity of ROI calculation emerges from diverse expenses such as time, effort, and money, including tertiary costs like transportation and equipment. On top of this, most employees express dissatisfaction with their training outcomes, with just 10% of traditional L&D spent delivering tangible results.
However, the narrative need not be bleak. Studies show that each dollar spent on L&D escalates revenue by $4.70. The crux lies in identifying the right tool. Here, Arist, a science-backed microlearning platform, has proven its worth. It helps measure ROI through modern key performance indicators (KPIs), promising substantial savings in time, cost, and energy, thereby boosting ROI, enhancing employee confidence, and learning adoption.
.jpg "Unraveling the Financial Blueprint of Corporate Learning #Infographic #Finance #Learning #Business")
.jpg "Unraveling the Financial Blueprint of Corporate Learning #Infographic #Finance #Learning #Business")
Infographic by: arist
