1.
Do I have to learn finance and accounting principles to understand the ROI Methodology™ and effectively measure the ROI in human capital?
NO - Although many of the basic principles of finance and accounting aren’t required for developing the ROI in human capital, it is important to understand issues such as revenue, profit, and cost. Ultimately, the payoff of coaching or any human resources project or program will be based on either direct costs saved or additional profits generated. It’s helpful to understand the nature and types of costs and the different types of profits and profit margins.
2. Do I have to know complicated statistics to understand ROI?
NO - Basic statistical processes—simple averages, variance, and the standard deviation—are all that are necessary to develop most ROI impact studies. These very simple concepts are, by design, simplified as much as possible so that the ROI Methodology™ can be used successfully with all types of business
initiatives.
3. Isn’t ROI too complicated for most professionals?
NO - The ROI calculation itself is a very simple ratio net benefits divided by costs. The process follows a methodical, step-by-step sequence with guiding principles for collecting data and calculating benefits and costs. In all, six types of data are collected, including reaction, learning, application, impact, ROI, and intangibles.
4. Shouldn’t HR professionals focus on the human dynamics rather than on the numbers?
Certainly, the focus is on human dynamics and change. An astute HR & Learning Professional will realize the need for accountability and for measurement and
evaluation, including ROI. Assessing the value of the investments made in human capital and reporting that information to decision-makers enhances the likelihood of continuing
and even increasing the opportunities to coach.
5. Isn’t this just a fad?
NO - This methodology is comprehensive, consistent, and credible. ROI has been used as a business evaluation tool for 300 years. Its significance as the benchmark in measurement and evaluation is well-established and well-documented. To summarize the present status:
The ROI Methodology is used by over 3000 private sector businesses and 200 government and non-profit organizations in over 40 countries.
More than 2500 people have been certified to implement the methodology in their organizations.
Individuals in public and private sector organizations conduct approximately 5000 ROI studies annually worldwide.
Almost 20,000 specialists and managers around the world have taken either a one-day or two-day ROI workshop.
A 600 member global ROI network provides an environment and resources for information sharing and professional growth. ROI networks have been launched in 12 countries.
This methodology is the subject of more than 50 books which have been translated into 25 languages.
6. Do I get a certificate if I attend the one day workshops?
YES - you will receive a certificate of participation.
7. I am not a company, can I attend?
YES .
8. Will this program be customised for my organization?
YES
9. Will I be able to make a difference in my organization?
YES. You will make a difference in your organization by identifying positive investments, and eliminating inefficient process and redundant costs. Most importantly, you will able to show Return on Investment to your stake holders.
10. What are the pre-requisites to take up this workshop?
There are no pre-requisites to take up this workshop.
11. How do I register?
All you need to do is fill in the registration form and you will have a confirmed seat in the program once we receive the cheque.
12. What support will I receive after the workshop?
For the certification, you will receive ongoing support from one of our expert consultants while you implement the project.
