One of the primary benefits of the Partnering for Success TM program is its identifiable return on investment (ROI).
By completing a workplace-based improvement project, participants analyse a situation within their workplace that is either not working (and they can see a way to make it work) or something that is working (but they an see a way to improve the situation).
This not only gives the participants a sense of ownership of the situation, but also provides a written report that illustrates a dollar-value return on your investment.'
As an example, it is common to have workplace-improvement projects that identify savings in the order of between $20K and $150K. If your company were to put ten (10) participants through the program (being 5 mentoring/coaching pairs) and each participant identified savings of only $10K, that would equate to a potential minimum ROI of $100K to your organisation - for an investment of only $6600 (based on 10 participants at $660 each).
"We are seeing some great results, (from the partnering for success program) particularly in light of the workplace improvement project that each pair must go through"
Sarah King
Human Resource Manager - RCI Pacific
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"E-learning may be the wave that carries the future of corporate training. But if that wave is ever to crest, corporations must be able to determine a financial return on their investment. Only if early adopters can truly demonstrate an ROI in dollar figures will e-learning wash over corporate culture and change its landscape."
[Source: John L. Setaro. Learning Circuits, June 2001, http://www.learningcircuits.org /2001/jun2001/elearn.php]
"For years, companies have been operating under the assumption that they are reaping positive benefits from their training efforts. They train workers because they believe it strengthens the organization and serves as a retention tool (Lachnit 2001). They accept training as a given expense, showing human capital investments as expenditures on their corporate balance sheets, not as assets that are expected to generate income. However, because intuition and casual estimates have formed the basis of many of their training investment decisions, many companies have little evidence to verify that they are realizing positive returns on these investments."
[Source: http://ericacve.org/docgen.asp?tbl=mr&ID=106]
"I frequently talk to learning professionals who face the daunting task of determining e-learning's ROI. The conversation almost always has an either/or tone, with such questions as "If I replace my traditional classroom training with Web courses, how much will I save?" As a strong advocate for e-learning, I find that logic flawed. People fail to recognize many non-cost related benefits of e-learning solutions, such as reach, consistent messaging, and flexibility."
[Source: John V. Moran. Learning Circuits, February 2002, http://www.learningcircuits.org /2002/feb2002/moran.php]
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