Can Training Become a Profit Center?
The failure of training departments to deliver a measurable return on training investments is handicapping growth and development in most organisations. A return on investment can only be shown if any initiative can contribute to the improvement of one of the three key business benefits: • Increasing Revenue • Protecting Revenue • Increasing Efficiency Most training departments fail to plan appropriately from a business benefits perspective and then also fail to support the changes necessary to implement new learning successfully within the working environment. It is possible to change and this article aims to show you how. Imagine for one moment what it will be like when your training department becomes a profit center: • The department is fully engaged with all of the business leaders in helping them identify the root causes that are currently blocking performance • Senior stakeholders know that every intervention is focused on measurably improving performance where the business need
