The clear benefits of investing: Training ROI

Return on Investment (ROI) is everything. Ensuring that every customer on every Academy Class course receives strong ROI is our main goal. We want to arm you with new-found knowledge, so you feel that you can affect great change in the relevant sector of your business. We want you to demonstrate your learning to produce impactful results.

To help you experience a Return on Investment in training, you need to clearly identify your objectives before you enrol on a course. Remember that one goal can lead to numerous other benefits, such as improving customer satisfaction, maintaining customers and business, reducing customer complaints and errors. Ideas for desired training outcomes could include:

  • Employees becoming proficient in using software systems
  • Demonstrating ability to use a design program with a specific qualification
  • Producing a website
  • Meeting productivity targets

 

The American Society of Training and Development recently completed a four-year study into the effects of training. The results go a long way to support investment in training. Companies that invested $1500 per employee in training experienced 24% higher gross profit margins, and 218% higher income per employee, compared to those that only spent $125. Other findings showed that as little as a 2% increase in efficiency nets a 100% ROI, from outsourced, instructor-led training. Finally, Photoshop, Illustrator and InDesign students found they spent less time on projects because they had learned more efficient working techniques.

Return on Investment (ROI) for training can be calculated, however ROI varies according to the individual or organisation, and their desired outcomes.

 

You can calculate a person’s increased productivity by multiplying their hourly rate by the hours saved each year.

 

Reasons to invest:

 Adapt to adopt

Investing in training creates a more versatile talent pool. Employees learning new skills adapt to different roles more easily, and they can tackle different tasks. Before the employees attended training, these assignments would have needed to be outsourced.

 

A professional beats self-help

There’s no doubt that time spent alone is necessary when learning how to create great content. However, it can take up to four times longer to teach yourself digital skills, compared to professional training.

 

Be in the know

Reduce the amount of time spent asking colleagues or friends for help. Everyone has experienced following a workmate’s instructions, only to find out it didn’t work for you. That’s not to undervalue the skillset of anyone’s associates, however miscommunication is a common issue when asking for, and receiving the right help.

Training helps eliminate some of the stress that comes with applying theoretical methods for problem solving. Training replaces them with practical tools to help you in your career path.