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Unlocking ROI: How to Measure Impact in Learning & Development
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ROI methodology helps organizations ensure their training investments drive measurable results. In this episode of Powered by Learning, Dr. Patti Phillips, CEO of ROI Institute explains how to embed ROI into program design, maximize organizational value, and unlock the power of data-driven decision-making.
Show Notes:
Patti Phillips, CEO at ROI Institute shares best practices for measuring ROI in training. Her takeaways include the following:
Start with ROI in Mind: Designing a program with clear ROI objectives from the outset increases the likelihood of achieving positive results and simplifies the evaluation process.
Involve All Stakeholders: Engaging managers and stakeholders in the ROI process ensures support for implementation and helps learners apply their new skills effectively.
Methodology Matters: Surveys, interviews, and other data collection tools are essential but should be carefully designed to gather meaningful, objective data.
Use ROI for Strategic Decisions: ROI methodology allows organizations to make informed choices about resource allocation by evaluating the financial impact of their training investments.
ROI Institute offers free resources like the ROI Estimator, along with certification programs and tools, to support organizations in building their ROI capability.
Learn more about the ROI Institute
Connect with the ROI Institute on LinkedIn
Connect with Patti on LinkedIn
www.linkedin.com/in/pattipphillips
Powered by Learning earned Awards of Distinction in the Podcast/Audio and Business Podcast categories from The Communicator Awards and a Gold and Silver Davey Award. The podcast is also named to Feedspot's Top 40 L&D podcasts and Training Industry’s Ultimate L&D Podcast Guide.
Learn more about d'Vinci at www.dvinci.com.
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