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In the modern business landscape, learning and development (L&D) has emerged as the pivotal driver in equipping workforces with the skills needed to meet organizational objectives.  As statistics indicate, a multitude of employees annually participate in an array of L&D programs, spanning compliance (70%), soft skills (51%), upskilling (50%), product training (39%), onboarding (36%), and reskilling (36%).  These figures have only amplified in the aftermath of COVID-19, with enterprises escalating their investment in employee education.

Interestingly, despite the increased attention, only 8% of L&D teams monitor their return on investment (ROI), implying a startling 92% of these programs lack any performance metrics.  The need for a more nuanced understanding of L&D expenses and benefits is evident, considering the significant outlays associated with both traditional and alternative learning models and the underwhelming employee sentiment towards training outcomes. Consequently, organizations are encouraged to seek comprehensive corporate learning programs that embody purpose, accessibility, and scientifically validated content, to effectively gauge L&D ROI.  Platforms like Arist, a scientifically backed microlearning solution, offer a robust approach to learning with significant cost, time, and effort savings, thereby enhancing ROI and revenue.  With the right tool at their disposal, enterprises stand to transform their learning landscape, and in turn, their bottom line.

Measuring the ROI of corporate learning
Source: Arist

NowSourcing

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-Present. Follow Brian Wallace on LinkedIn as well as Twitter.

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NowSourcing

Brian Wallace is the Founder and President of NowSourcing, an industry leading infographic design agency , based in Louisville, KY and Cincinnati, OH which works with companies that range from startups to Fortune 500s. Brian also runs #LinkedInLocal events nationwide, hosts the Next Action Podcast, and has been named a Google Small Business Advisor for 2016-Present. Follow Brian Wallace on LinkedIn as well as Twitter.

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