Training Magazine, the Association for Talent Development and many others have conducted studies to evaluate the return on investment (ROI) of training. As a result, we learned instructor-led classroom training is the most used and is the second most effective method despite all the advancements in training technology and the use of social media. Coaching and mentoring are the most effective methods of training. Two lessons learned; it takes people to effectively train people and face-to-face is best.
The General Counsel Roundtable found each dollar spent on compliance saves on average $5.21 in avoidance of legal liabilities, harm to the company’s reputation and lost productivity. The ROI of effective compliance training is outstanding and perhaps easier to measure than management development unless the instructional designer uses Design Thinking.