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Business Tips for Securing a Positive ROI on Your Training and Education Dollars



Business Tips for Securing a Positive ROI on Your Training and Education Dollars
   

Research continues to suggest that the majority of dollars spent on training does not contribute a positive return on the investment. To help you leverage and maximize your training budget consider these 3 tips.

1. Schedule short (2 hour) weekly learning engagements instead of one or two full day training sessions because a one day seminar delivers the following memory or cognitive retention (unless you have a budget that provides for one on one follow-up coaching):

 50% after 24 hours
 25% after 48 hours
 2% of less after 16 days

2. Purchase performance based curriculum that includes:

 Focus on affective learning domain (attitudes)
 Audio reinforcement for multiple exposures to a learning concept
 Action plan that provides the basis for continual application of newly learned concepts
 Interactive facilitation that encourages the What's In It For Me (WIIFM) leading to the What's In It For Us (WIIFU)
 Builds the strengths within participants instead of working on the weaknesses (Winning teams win because of the strengths of each team member.)

3. Superworkers are not usually excellent Supervisors because they were promoted for their job specific skills not their people skills. Assist newly promoted employees by providing training for the interpersonal skills.

By beginning with these 3 simple tips, you can start to realize a positive return on your training and education investment dollars. Of course, you can continue to believe that the one day workshops and standard training format will meet your needs. Yes, they will do that as well as deliver a negative return on your training dollars.


Business Tips for Securing a Positive ROI on Your Training and Education Dollars - To learn more about this author, visit Leanne Hoagland-Smith's Website.

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Leanne Hoagland Smith
Are you or your business where you want to be? Are you facing constant struggles in business or life in general? Would you like to "unlock" those obstacles keeping you from greater business or personal success? As your results partner, we can work together to unlock those desired results by achieving tomorrow's solutions today. Let’s use your strengths for real change through proven and affordable solutions where the real problems are identified. Are you seeking loyal customers, great attitudes, increased sales, improved profitability or just some sleep filled nights? Then we should talk because my clients have experienced exactly those types of results. Learn more about customer loyalty at http://www.processspec ialist.com/customer-loyalty.htm Give me a call 219.759.5601 for a free strategy session. I look forward to speaking with you. P.S. If you are seeking a motivational speaker, sales trainer or small business expert that will leave your audience smiling and remembering, please feel free to contact me at 219.759.5601. - Visit Leanne Hoagland Smith's Website

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Leanne Hoagland-Smith
(Visit Leanne's Website)
Are you or your business where you want to be? Are you facing constant struggles in business or life in general? Would you like to "unlock" those obstacles keeping you from greater business or personal success? As your results partner, we can work together to unlock those desired results by achieving tomorrow's solutions today. Let’s use your strengths for real change through proven and affordable solutions where the real problems are identified. Are you seeking loyal customers, great attitudes, increased sales, improved profitability or just some sleep filled nights? Then we should talk because my clients have experienced exactly those types of results. Learn more about customer loyalty at http://www.processspec ialist.com/customer-loyalty.htm Give me a call 219.759.5601 for a free strategy session. I look forward to speaking with you. P.S. If you are seeking a motivational speaker, sales trainer or small business expert that will leave your audience smiling and remembering, please feel free to contact me at 219.759.5601.
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