Measuring the ROI of training programs has become a must for all companies. Some L&D professionals rely only on LMS data to study the impact of their training programs. LMS analytics can show the progression of learners, but it can’t reveal whether the training is creating an impact on learners and organisation. This blog shares a few methods to measure the ROI of learning programs and find out whether the training is meeting the overall business goals.
In a nutshell, LXPs, function as learning enablers and enhancers and provide users of the platform with a more hyper-personalised learning experience. While learning management systems (LMSs) assist employees in locating relevant content within its repositories, learning experience platforms (LXPs) make it possible for employees to locate it even more afield and through a significantly wider variety of sources, resources, and mediums. And when LXPs are coupled with data analytics engines, they can deliver valuable insights into critical metrics such as return on investment (ROI), business results, and correlations between learning and performance on the job.
Summary: Learning and development should be an engaging journey for the employees. But most companies get it wrong. Their learning programs are often filled with irrelevant content, the sessions are boring, and the program is pushed toward the learners at the wrong time. L&D professionals also fail to measure the ROI of training programs to find out the impact it’s having on learners. This blog talks about how companies and L&D professionals can fix the above issues.