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The 8 factors which impact the ROI of your L&D programme

https://warwick.ac.uk/services/conferences/content-corner?newsItem=8a1785d77b77d622017c11e857e35094

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At Warwick Conferences we understand the importance of the success of these programmes, so we have worked with the globally-renowned ROI Institute to create a tool to measure the impact of them. It estimates the return on investment (ROI), which indicates the monetary benefits in comparison to the cost of the programme. It also offers guidance of where a programme can be improved.

When estimating the ROI of your event there are eight factors to consider which the L&D Barometer will help to assess:

1. Learning environment

The environment in which the programme will be delivered can play a major role in how effective it is for delegates. Participating in training held in the workplace, for example, can create issues with concentration so holding sessions externally can increase focus.

2. Direct reports

Programmes designed for delegates with a number of direct reports who are in a more prominent position to return to work and share this knowledge with other colleagues, further expand the reach of the programme and impact on business measures.

3. Business alignment

When designing L&D programmes, consideration of how the programme aligns with the organisation’s specific business objectives and how this will be measured needs to be made by planners.

4. Appropriate solution

Time needs to be taken to ensure the programme addresses the business problems and opportunities (business measures) to ensure an effective solution.

5. Setting focuses

When delegates are invited to attend, there should be a clear outline of what the expected outcomes from the programme will be. This highlights how delegates will be expected to implement the skills and development they have learned.

6. Intended audience

Inviting lots of delegates to attend the programme may feel like the best way to achieve success, however, carefully forming a programme which adds value to the chosen audience is a far more efficient use of time.

7. Perceived value

It is important to communicate the value of the programme and clearly outline the factors of success with the participants in advance of the programme. As a result, participants will react positively during the programme, resulting in success in the overall implementation.

8. Manager Support

It is important to communicate the value of the programme and clearly outline the factors of success with the participants in advance of the programme. As a result, participants will react positively during the programme, resulting in success in the overall implementation.

Managerial support is one of the biggest influences for the successful application and impact of a programme. Managers can either be the most powerful barrier or enabler in the process.

Spending time during your programme planning stages to consider these factors will ensure your programmes will be memorable and effective.

We hope that you find this world first tool as useful as we do, and that it plays an important role in the future of your programmes. I’m also happy to run through the L&D Barometer with you, if you would like to understand it further. If so, please message me, I’d be more than happy to arrange a quick call.

Improve your ROI

Measure the impact of your learning and development (L&D) programmes.

Discover the L&D Barometer

Emma WillisEmma Willis

Industry professional with 25 years experience, working across many roles within hotels and for a large cruise ship company, with 17 years spent at Warwick Conferences. Emma’s position involves working within the national and international association sector and managing key partnerships with UK clients to seek out and build strong, long-term relationships.

E dot Willis dot 1 at warwick dot ac dot uk

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