Objective
Much attention has been focused recently in organisations on the issue of establishing a clear measure of the impact of training and development programmes on organisations' Return on Investment (ROI). The human resources development field as a whole has yet to significantly assert its true added-value amongst its client-base. To achieve better status within the organisations' strategic considerations, and to encourage more investment in human resources in European businesses, a better link between the cost of education and development, and the returns on such investment needs to be established.
The main objectives of this survey and analysis project are to disprove the hypothesis that return on investment in training and development cannot be measured and to establish clear business incentives for encouraging investment in human resources. To achieve this, the project will:
- carry out research and systematic testing of the ROI hypothesis;
- document 'best theory' and best practice;
- document chosen return on investment tools and monitor the returns on real-life major investments in large organisations; and
- conduct 'hard-edged' measurements carried out against a chosen training and development programme.
The conclusions and results of the project will be disseminated in a seminal reference report 'Best of Best Practices in ROI', which will document real cases and the successes and limitations of applying measurement techniques to various training and development activities.
Impact
This project will lead to greater and more sustainable investment in long-term human resources development.
Contract number : EUR/97/2/00072/EA/III.2.a/FPC
Domaine : Continuing vocational training
Contents :
Investment in training by entreprises
Relationship training - work organisation
Products :
Publication
Methodologies for forecasting training needs
Evaluation tools
Public :
Trainers, designers & managers of training programmes
Human ressources experts
Training managers
Fields of science (EuroSciVoc)
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Data not available
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
1050 Bruxelles
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.