Training Effectiveness and Return on Investment

Abstract

In today’s research and development, and training communities, return on investment (ROI) and training effectiveness (TE) are critical factors that need to be considered up-front, during, and post deployment of a training technology/platform or program. In the past, TE may have been viewed as a construct separate to ROI; however, today, viewing TE in the same sentence as ROI has been accentuated. Panelists will discuss current and/or past experiences with TE and/or ROI. Perspectives from the military, training, and industry communities will be represented. Some topics that will be discussed are: should ROI and TE be viewed as separate constructs or a synergy, group and team TE, return on training investment, and measures and outcomes of TE and ROI.

A realist synthesis of effective continuing professional development (CPD): A case study of healthcare practitioners' CPD

“…Evidence about CPD effectiveness is still limited as practitioners themselves are often unable to articulate the impact of their CPD activity, which undermines confidence in the value of investing in CPD ( Moriarty and Manthorpe, 2014 ). Effectiveness of training substantiates its value ( Moss et al, 2016 ). It is thus crucial to understand what effective CPD is to get an insight into its worth.…”

“…On the other hand, employers invest in practitioners' CPD with the hope that care will be delivered safely and effectively to minimize costs. However, evaluation of effectiveness of training is rarely considered alongside returns on investing in training activities ( Moss et al, 2016 ).…”

“…For the most part, the gap in unambiguous evidence of the impact of CPD is attributed to methodological challenges in verifying the direct association between CPD and healthcare outcomes ( Draper and Clark, 2007 ). Moss et al (2016) suggest the evaluation of effectiveness of training activities requires a comprehensive organizational strategy to enable measurement of outcomes, performance and the overall return on investing in training. However, it is also essential to have adequate understanding of the purpose of training and how to achieve intended improvements to support meaningful evaluation of worth for finite funding ( Moore et al, 2015 ).…”

A methodology for projecting the return on investment of training technologies

“…The prime difficulty in measuring the ROI of military training is that the most important benefits are difficult to estimate (Moss et al, 2016 ). While many costs associated with training are tangible easily calculated, other costs are intangible and difficult to estimate such as lives that are lost, wear and tear on equipment, and training opportunities and efficiencies that are missed.…”

Assessment of Continuing Education Programme Among Practicing Nurses in Bauchi State

“…This entails nurses engaging in continuous skills renewal to match changes in health care needs and their complexity; it enables nurses to familiarise themselves with new models of delivering care to meet the public expectations of nursing care (Filipe, Silva, Stultin & Golnik, 2014). Continuing education can also give nurses an edge when attempting to rise to higher ranks of health care settings (Moss, Brimstin, Champney, DeCostanza, Fletcher & Goodwin, 2016).…”