Calculating the TRoI

Money saved is money earned. All business organizations need to understand that they have to have systems and processes in place through which they can track on their returns in the investment made. RoI for functions like Sales, Marketing, HR(to an extent),Finance is already in vogue in most of the good companies, however, the training and development department spending their annual corpus generally dont have a full proof calculation mechanism which can enable them to realize the returns.The reasons are manifold, one the company only looks after the immediate return from the training exercise which is very difficult to evaluate as sinking in the training inputs and subsequently implementing those are not only time taking, but also calls for active management particiaption, which unfortunately is missing in most organziations

Advertisements

About manishankarscribbles

A management trainer, consultant and faculty with experiences in South Asia, Middle East and Australasia. I am also present in www.manishankarthetrainer.blogspot.com and www.twitter.com/manitwitts apart from https://manishankarscribbles.wordpress.com .
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s