The ROI of Workplace Learning

Training

EMDS Summer 2021 Blog 3

The ROI of Workplace Learning

Continuous learning is an important component of any successful company.  But how do you know if it is worth the investment?  Can you really calculate the return on investment?

Getting to the ROI of learning is not as simple as calculating what you’ve saved by replacing machinery, or automating manufacturing processes, but we can help you understand the benefits for employers and employees, as well as provide some quick ideas for making continuous learning an affordable, profitable part of your business.

Employee Benefits

  • Develop new work-related skills and expertise, which could lead to new job opportunities within your company.
  • Keep up with the latest technology – both in the office and on the shop floor.
  • Learn soft skills, which may help them at work, and in life.

Employer Benefits

  • Employee retention – Keeping employees engaged, and ensuring they feel appreciated, is a great first step toward employee engagement.  And the cost to keep an employee is significantly less than the cost of replacing and onboarding a new employee.
  • Increased engagement and productivity.  Research cites that approximately 68% of employees in the United States are not engaged at a cost of $450 – $650 billion per year.  Simple things, like giving employees the opportunities to learn new skills, improves engagement and productivity – exactly what you want in your workforce!

Quick Ideas for Getting Started

  • Create a learning culture in your workplace.  Laying the ground work for a lets-learn-something-new culture, versus a punch-in-punch-out culture can make all the difference.
  • Embrace different learning needs and styles.  Everyone learns differently – individually and generationally.  By offering learning-style options, you can improve engagement for the program and retention of the content.  Ideas for you to consider….
    • The Netflix Model – Curate content in such a way that an employee can binge-watch.  Create content that keeps employees engaged and interested in watching the next video.
    • The Book Club Model – Challenge your team or department to read and discuss a book each month.  In addition to learning something new, this model encourages discussion, and engagement!
    • The Field Trip Model – Who doesn’t remember learning something new on the school field trip to the zoo or pumpkin patch!  Where possible, find opportunities to get employees out and engaged in hands-on learning opportunities!
  • Recognize and reward!  It doesn’t need to be a contest, however recognizing your early adopters can inspire others to try learning as well.

We Are Here to Help!

EMDS has a broad library of technical and skill-based courses.  In addition, we work with customers in developing and managing their own curriculum and learning platforms.

  • Contact us to learn more about our Managed Curriculum capabilities.

We hope that we’ve inspired you to take the first steps, or next steps, toward an active learning culture within your organization.  We’ve seen the positive impact learning has made on our customers and employees, and we know that it will do the same for you.

Cheryl and Team

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