Research has found five ways that Learning & Development (L&D) professionals can maximize and publicize ROI across their organization. First, the Kirkpatrick Model demonstrates that learning occurs in stages. Professionals can work their way into the upper levels of the model by including reinforcement and simplifying the learning mechanisms they utilize in their training. Second, companies can take advantage of digital training to deliver microtraining including interactive quizzes to help with recall or videos. Research finds that microlearning improves learners’ focus and retention by up to 80%.
However, calculating an honest ROI can be a time-consuming process. To begin, it can take between 55 and 177 hours to create 20 minutes of corporate learning. Moreover, companies spend up to 71 hours of training per employee, which roughly adds up to $1,065 per employee. On top of the sunk cost of training employees, the average in-person training can cost up to $40,000.
With the Arist ROI Calculator, companies can measure their ROI in minutes. Arist is a science-backed microlearning platform designed to meet leaders where they are. Compared to the traditional method of calculating ROI, Arist can not only help you measure ROI through revenue, but also save you time, money and energy in the process.