Wondering How To Measure Training ROI? These Content Providers Can Help You Out!
For many years now, there's been a desire to find ways to demonstrate value for money in corporate training and development. Obviously, business owners or senior executives at some time will want to know what they are getting for their money. In fact, there are justifiable reasons for wanting to prove training ROI. Especially when more and more companies spend hundreds of billions on L&D.
One thing is certain; companies need to improve employee productivity, performance, and leadership skills. However, all this money spent has been shown to be ineffective in many cases. All the statistics, data, and information we gather when measuring ROI can help companies and managers influence how we support our learners to become the best they possibly can be.
Here at eLearning Industry, we love to advocate the benefits of measuring training and development. And we do so to help you prove the impact training has on your organization.
For this reason, we decided to create this special top list. All the content providers featured below have the expertise to ensure that you maximize the efficiency of funds made available for training.
The Best Content Providers To Help You Prove The ROI Of Training
If your company is listed among the Top Content Providers That Help Prove Training ROI, feel free to add this badge to your website. (2023)
CommLab India offers all rapid learning solutions under one roof, maximizing training ROI. Services include converting classroom material to eLearning, microlearning, VILT, and digital assets; as well as eLearning translations and LMS support. Do you want to join high-performing L&D teams and organizations?
Maximize your training ROI in CommLab's proven way.
Explore reviews for CommLab Rapid eLearning Solutions in our directory.
Highlights
- Learning Technology
- Holistic Services
- Tools To Prove ROI
Highlights
- Learning Technology
CommLab India designs and develops learning solutions using the latest in learning technology—authoring tools, AI-based tools—so that customers save time and cost. From tools for audio narration and video development to translations and more, organizations get more learning per training dollar.
- Holistic Services
With all services under one roof, you won't have to deal with multiple vendors—leading to better ROI.
- Tools To Prove ROI
CommLab India offers ROI calculators and tools to help L&D teams demo the value and impact of their learning solutions.
Achievements
CommLab India helped their customer translate 40+ courses into 4 languages using Microsoft Speech Studio. Processes were set to ensure seamless translations and ensure quality in audio narration. Translation and development were completed within 2 months!
EI leverages their learner-centric framework to ensure training investments create a demonstrable impact on both the learners and the business. Their methodology enables you to enhance the impact of training and maximize its ROI.
Contact EI to ensure your L&D initiatives unlock employee skills and performance and maximize training ROI.
See what other customers have to say by reading the submitted reviews for EI.
Highlights
- Measure The Impact Of Training
- ROI Determination
- Maximize Training ROI
Highlights
- Measure The Impact Of Training
From defining learner personas to identifying L&D metrics and business KPIs, they will help you demonstrate the impact of training on the learners and the business.
- ROI Determination
Starting from needs analysis to leveraging research on industry standard learning behavior data, their unique framework assesses the "value of learning" to determine training ROI.
- Maximize Training ROI
They work with their customers to gain accurate insights on where they should be making future investments and provide recommendations to further maximize training ROI.
Achievements
EI has won 100+ Brandon Hall Group Excellence Awards in the last 2 years and has been featured in 40 global ranking lists in 18 different categories. They ranked No. 1 in eLearning Industry's list of Top Content Providers for Custom eLearning in 2022.
SweetRush designs and develops effective solutions to complex learning challenges. Their deliverables meet instructional and business objectives and achieve ROI because they are authentic, relevant, and engaging for the learner.
You deserve to work with a vendor who cares and will design and deliver engaging and effective learning, so please reach out.
For more information on their amazing work, make sure to explore the SweetRush reviews in our directory.
Highlights
- Begin With The End Defined
- Proven Results
- Innovation In Learning And Evaluation
Highlights
- Begin With The End Defined
Training is important and a significant investment of your time and money. In-depth, up-front analysis is critical so they know and achieve the future target state and ROI.
- Proven Results
Their programs move the needle and achieve excellent measured outcomes. It's L&D done right—authentic, relevant, and engaging, that changes behavior and delivers real ROI!
- Innovation In Learning And Evaluation
SweetRush is known for creative solutions like using xAPI to measure learning engagement, which they can implement at any stage in the project to improve learning design.
Achievements
Three of their many Gold Brandon Hall Awards were for Best Learning Results, with Bridgestone, Cisco, and Hilton. They won a fourth Gold for Learning Measurement with Google. Clients trust and turn to SweetRush to take on their most important projects when ROI is essential.
Their innovative learning technologies and agency-level creative teams help them deliver extensive Instructional Design experience. All the above enable them to build custom learning solutions that empower you to measure the training success and drive business results.
Measure your training success with scalable learning solutions.
Do you want to see what working with them feels like? Make sure to read the submitted reviews for AllenComm.
Highlights
- Performance Consulting
- Instructional Design
- Content Management And Distribution
Highlights
- Performance Consulting
AllenComm's team has deep expertise in designing strategic learning solutions. Hence, they are able to drive behavior change by identifying and analyzing learner and business needs to support change.
- Instructional Design
Build learning solutions with easy navigation, engaging content, and targeted activities.
- Content Management And Distribution
Manage and update course content across many platforms, languages, or brands.
Achievements
Delta needed a learning solution that would onboard thousands of customer service representatives. Results included reduced training time by five days, increased productivity by 15%, increased customer service knowledge effectiveness by 3%, and increased satisfaction by 2%.
They know the difference between the Return On Investment and Return On Expectations. By teaming up with Learning Pool, you can analyze and prove the true value of your training efforts. Be it leadership development or upskilling and reskilling, they've got you covered.
If you're responsible for delivering any training in your organization, here's how they can help you deliver exceptional performance for your learning.
Visit our directory to explore customer reviews for Learning Pool.
Highlights
- Gamification Expertise
- Built-In Training
- Adaptable
Highlights
- Gamification Expertise
Interactive gamification helps to reinforce learning through knowledge application.
- Built-In Training
Efficient built-in training shortens time spent on training, keeping requirements simple.
- Adaptable
Authored content allows you to add your branding, change images, and edit colors and fonts, making the course content truly your own.
Achievements
ROI of L&D is critical if you want to ensure that you've made a good investment. Thankfully, their training library does exactly that. Plus, it is engaging, interactive, and accessible on any device. You'll also find plenty of material on leadership and management. Are you ready to prove the ROI of training? Check it out!
eWyse produces highly accessible and dynamic eLearning solutions by combining years of experience in face-to-face corporate training with new technologies and trends in education. The result is a time- and cost-effective education. eWyse has all the extensive experience needed to come up with tailored solutions to help you achieve excellent ROI.
Contact eWyse about your learning needs.
Go ahead and check out our directory to read the raving reviews for eWyse.
Highlights
- Highly Accessible
- Cost- And Time-Effective
- Track Results Easily
Highlights
- Highly Accessible
With their eLearning courses, you don't have to worry about getting all your employees in one place at the same time. Instead, they can learn wherever and whenever they want.
- Cost- And Time-Effective
Investing in eLearning solutions results in multiple returns over time, saving you time and money that you would spend on repeated face-to-face training sessions.
- Track Results Easily
eWyse includes different knowledge checks and assessments within its eLearning courses that can help you track the results of the education immediately and prove your training ROI.
Achievements
The team at eWyse creates learning solutions that increase training effectiveness regardless of the topic of education. Their case studies show that their custom eLearning solutions can help you achieve excellent ROI by improving onboarding time and reducing workload pressure.
ELB Learning offers a suite of tools and services that help you create better learning experiences in a variety of modalities. At any budget, they can help you create a solution with high ROI and high learner engagement.
Visit their website to see case studies and demos.
If you want to read reviews for ELB Learning, please check out our directory.
Highlights
- Higher ROI With VR Training
- Video-Based Practice And Coaching
- Custom Development
Highlights
- Higher ROI With VR Training
Get better results in less time with the easiest VR authoring tool imaginable. Their clients are saving thousands of dollars by creating immersive learning in CenarioVR.
- Video-Based Practice And Coaching
Companies like Paychex, 3M, and Honeywell have experienced increased skills development and ROI using Rehearsal for sales enablement and soft skills.
- Custom Development
They create tailored eLearning for your specific needs. Drive better results with effective eLearning that grabs your learners' attention and engages them from start to finish.
Achievements
ELB Learning helps organizations create better learning experiences. Using their award-winning solutions, clients achieve higher ROI, increase productivity, and fill skills gaps. They are a Smartchoice® Preferred Solution Provider by Brandon Hall Group.
Tesseract Learning is an award-winning digital learning organization offering a plethora of training solutions. They focus on helping companies get a good return on their training investments. What they do best is empowering businesses to drive productivity, growth, and learning effectiveness.
See what clients have to say by reading the submitted Tesseract Learning reviews.
Highlights
- Value For Training Investment
- Engaging, Exciting, Memorable
- Customer Delight
Highlights
- Value For Training Investment
Designing sensible training solutions is vital for Tesseract Learning. They do so with sensitivity, educating the audience on the right content, imagery, and workplace diversity. Their team is set to help you increase professional growth and drive employee retention every step of the way.
- Engaging, Exciting, Memorable
They create training that considers the memorability factor, experiences, activities, and assignments. All their material is built to help learners learn by doing, focusing on employee ownership.
- Customer Delight
Tesseract Learning is continuously delivering learning solutions that exceed expectations. Most importantly, they're high-quality, fun, on time, and within a client's training budget. Plus, all solutions are focused on a reduced time to complete a task.
Achievements
Tesseract Learning's learning programs have been well received by global clients with 100% compliance and good learner feedback. Furthermore, they bring better on-the-job application! As a result, their programs give a good ROI in training.
Kineo helps you deliver quantifiably better learning experiences and increase the value of your eLearning. Their Design for Results methodology ensures you get expertly crafted learning content backed by smart data to prove impact.
Are you looking for a results-driven approach to learning design?
No matter which industry you're in, Kineo is set to help you achieve business and people outcomes. Learn more here.
For Kineo reviews, don't forget to explore our directory.
Highlights
- Data-Driven Insights
- Design For Results Framework
- Kineo Analytics
Highlights
- Data-Driven Insights
Data sits at the heart of our learning solutions, helping you to demonstrate learning impact and make smarter design decisions.
- Design For Results Framework
Kineo has taken the best practices developed from designing thousands of learning solutions to craft a learner-centered design process. This systematic approach provides a solid connection between business outcomes and learner experiences.
- Kineo Analytics
Included as part of Kineo's learning design, Kineo Analytics is ready-to-go to collect, visualize, and analyze data to help you accelerate your data strategy.
Achievements
Kineo takes an "always on" approach to data and measurement. With a focus on the learning outcomes you want to achieve right from the start, they've helped hundreds of enterprise-scale clients to develop a robust and data-driven learning strategy.
eLearning Industry's Company Selection Criteria
Globally recognized LMS experts, including C. Pappas and our editorial team, did a thorough review of each vendor's eligibility. More specifically, we've checked each eLearning company's website and relevant published content, including articles, eBooks, and webinars, to reach a final conclusion.
Our committee ranked the best content providers that are experts in proving training ROI by focusing on the following 8 criteria:
- Company's economic growth potential
- Company's social responsibility
- Customer retention
- Customer reviews
- Employee turnover
- Learning industry innovation
- Quality of content development
- Expertise in learning solutions
On this top list, we've selected the best of the best when it comes to proving ROI for training and development. In case you want to outsource training for a custom project, all you have to do is take a look at our full directory of eLearning content providers. You'll find plenty of use cases that match your company's needs!
So, now that you've gone through this top list, don't forget to read our tips on how to prove training ROI and why it's important. We've gathered plenty of insights to help you understand the importance of measuring and proving the ROI of training. Plus, you'll get even more tips so that you can make the best decision when it comes to teaming up with a training company.
What Is Training ROI?
Training doesn't come cheap. That's why many companies are hesitant to start. And it's also the reason you can't easily get buy-in. Actually, measuring the ROI of training might be even harder than getting the budget in the first place. I get it.
Company management needs to know that the training budget is being well spent. For this reason, calculating training ROI (Return On Investment) can be the solution to getting bigger budgets for the years to come.
Is there an ROI formula for training? Well, the traditional way to do this is to have the program benefits (net profit) minus the training costs and then divide it by the program costs.
Here's the simple equation: Return (Benefit) / Investment (Cost) = ROI
But, as you already know, there's nothing simple about proving training ROI. Sure, you can use the above equation to indicate how many dollars you gain as a benefit for every dollar spent on a training program. Yet, there are so many KPIs and metrics you can focus on to actually prove that you're getting business results.
For example, you might like to focus on the payback period. Meaning that you can divide the total investment by the annual savings, expressed in years. This method works better with long-term metrics; for instance, if you want to improve staff retention levels or reduce healthcare costs among your workforce. Hence, those results can become more visible and accountable over a long time period. In fact, this is the reason why many companies prefer to calculate annual savings instead.
ROI is a useful way of measuring whether a particular training course or program offers value for money. But, as you must have figured out by now, calculating ROI isn't as simple as just knowing a formula.
Thankfully, all the content providers in this top list can help you measure the ROI of any training course or session.
Why Is It Difficult To Measure The ROI Of Your Training Programs?
When measuring the financial benefits of a training strategy, one needs to illustrate the economic gain or loss. At the same time, implementing a training program might have some potential benefits in marketing the program to new clients. So, leaders in today's competitive environment need to be using the results of training ROI to make decisions.
The ROI of training can give plenty of insights into whether the company should continue, revise, or stop the implemented training strategy. Also, there might be findings that can help develop a new, improved strategic business plan to increase the growth of organizational performance.
However, it's easier said than done. You see, plenty of organizations have difficulty measuring the ROI of their training programs.
The main challenges are:
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Unreliable ROI Tools And Methods For Training Programs
For some, calculating a realistic and accurate ROI might be expensive to generate, or it's either non-existent or unavailable. Not to mention that many factors influence the costs of online learning programs. Another issue is that it's difficult to make estimations that measure the worth of human behavior. And, of course, it's equally difficult to calculate the impact that training has on business results.
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Lacking Professional Knowledge And Organizational Support In ROI Measurement
Unfortunately, many performance professionals have no idea how to measure the ROI of their training programs. Be it a lack of skills in training evaluation, organizational support, or existing evaluation tools (limited to surveys), things can get tricky.
Have you been facing any of the above challenges when trying to prove training ROI? Worry not, because the training experts on this list have built innovative solutions to do just that. They can help you illustrate the impact training has on business goals and behavioral change.
Tips On Choosing A Content Provider To Prove ROI Of Training
There's no question that ROI is important in training and development. But what is a good ROI for a training program?
A successful training program helps participants acquire the intended knowledge, skills, attitude, confidence, and commitment to get their jobs done the best way possible. Also, an effective intervention means that learners can apply what they've learned into the workplace. And, of course, trainers and managers should know which targeted outcomes occur due to the training and support package applied. That's what the Kirkpatrick model is all about.
But there's more data to explore. You have to be able to know the degree to which your participants find the training favorable. Also, you need to see if it is engaging and relevant to their jobs. Hence, a training expert's approach to measurement must add depth and quality to the organizational drivers by focusing on quantity, quality, cost, and time.
When choosing a content provider to prove training ROI, here are some things to consider:
- Ability to identify skills gaps and organizational goals accurately
- Ensuring that the training meets your business needs
- Evaluating job behavior before and after training
- Learning analytics experience and evaluation skills
- Niche expertise, customer reviews, awards won
All the content providers in this top list can help you measure training and development with greater depth and clarity for better ROI. Most importantly, they know how to use training as a strategic business tool.
Summing Up
Spending a lot of money to provide training programs to improve employee performance is a practice implemented by many organizations. In fact, we've seen the investment in training programs increasing in the last decade. But there's always something holding some companies back. More often than not, upper management wants to justify the actual costs and benefits of training programs.
As you can understand, the Return On Investment becomes a key factor for all the stakeholders involved.
Since investment in training programs has been rapidly increasing, many senior managers demand measurements of ROI or financial benefits for such programs. However, existing evaluation methods are not adequate to measure ROI. In addition, most performance professionals do not know how to measure ROI.
So, how about your organization? I bet senior managers ask you to measure the ROI of training. Or at least show them the financial benefits of training programs. If you've never done this before, or if you need consultation on how to do it, you can always contact one of the top eLearning content development companies on this top list. They have hands-on experience and can share their ROI knowledge and experience with you.