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Presenting Today
Dean Pichee
President and CEO,
BizLibrary
@deanpichee
Follow along on Twitter: #BizWebinar @BizLibrary
Erin Boettge
Content Marketing Manager,
BizLibrary
eboettge@bizlibrary.com
www.bizlibrary.com/free-trial
BizLibrary helps organizations succeed by improving the way employees learn.
The most common objection from senior
executives about learning initiatives is…
In your organization, what are your biggest
challenges with change…
Executives Want to See More Impact and Value
RANKED
IMPORTANCE
TOEXEC’S
MEASURE
LEARNING
EVALUATION
LEVEL
EXAMPLE
CURRENTLY
MEASURED
1 Impact 4 “The Accel project contributed 20%to
our reduction in error rates thisfiscal.”
8%
2 Value 5 “Within one year, the East program will
achieve a 2:1 benefit-costratio.”
4%
3 Awards 0 “Our learning program won an award from
Chief Learning Officermagazine.”
40%
4 Application 3 “78% are applying their new skills to their
jobs”
11%
5 Learning 2 “92% of participants increased their
skills”
32%
6 Activity 0 “Last year 7,800 employeesparticipated in our
learning programs”
94%
7 Efficiency 0 “Formal learning costs $2.15 perhour” 78%
8 Reaction 1 “Employees rated our training veryhigh with
an average of 4.5 on a 5 point scale”
53%
Source: How Executives View Learning Metrics by Patti and
Jack Phillips, CLO Magazine, Dec 2010
WHAT WEHOPE YOU’LL LEARNTODAY
Anticipating and overcoming the most common
objections from your senior executives
ANALYSIS
What is the Business Case for Online Training?
How Do I Make the Business Case for Training?
The 5 core elements of a business case
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
The Business Case for Online
Employee Training
Benefits of a Learning Culture
Increased efficiency,
productivity and profit
Increased employee
satisfaction and
decreased turnover
An improvement
mindset among
employees
A developed sense of
ownership and
accountability
Ease in
succession/transition
A culture of knowledge
inquiry and sharing
An enhanced ability for
workers to adapt to
change
The Risk of the Status Quo|
INNOVATION: More likely to be first to market
PRODUCTlVITY: Greater productivity
58%
17%
QUALITY: Greater ability to deliver quality products
SKILLS: More prepared to meet future demand
PROFITABILITY: More likely to be market share leaders
SOURCE: BERSIN BY DELOITTE
46%
37%
33%
26%
CUSTOMER SERVICE: Better response to customer needs
ORGANIZATIONS WITH A STRONG LEARNING
CULTURE SIGNIFICANTLY OUTPERFORM THEIR PEERS…
$1,500
PER EMPLOYEE
Expected Business Results and KPI’s|
11
minutes
The Business Case for Online Employee Training|
*U.S. Department of Education, Office of Planning, Evaluation, and Policy
Development, Evaluation of Evidence-Based Practices in Online Learning: A
Meta-Analysis and Review of Online Learning Studies,
Washington,
D.C., 2009,
revised2010.
ONLINE LEARNING MAKES SENSE
Capable of teaching the same
material in less time and reducing
the duration of class time
Addresses both formal and informal
learning needs
No need to schedule learning with a
24x7x365 solution
Reaches more employees faster and
with greater consistency
Found to be as effective as face-to-
face learning*
Cost-effective for any size audience
EFFICIENT
ADAPTABLE
AVAILABLE
SCALABLE
EFFECTIVE
ECONOMICAL
The Science Behind Online
Learning
How We Learn
Encoding
Short-term memory, observations,
memory traces and what we’ve seen
(limited capacity)
Consolidation
Time scientists believe the brain replays
or rehearses the learning, new
knowledge next to neural markers
Retrieval
Forced retrieval is most effective after
time intervals and some forgetting has
occurred
The Business Case for Online Employee Training|
50% 70%
100
ms
Of the brain is used for visual processing Of the sensory receptors are in the eyes To get a sense of the visual scene
Visually Wired Brain
The Business Case for Online Employee Training|
Hermann Ebbinghaus: The Forgetting Curve
Training Reinforcement|
Training Reinforcement|
“No matter how much you invest into training and
development, nearly everything you teach to your
employees will be forgotten.
Indeed, although corporations spend billions of
dollars a year on training, this investment is like
pumping gas into a car that has a hole in the tank.
All of your hard work simply drains away.”
Art Kohn, PHD, Professor, Author and Consultant
Training Reinforcement|
The total amount of mental effort being used in the working memory.
Our brain can only process a certain amount of information at a time.
Cognitive Load
Training Reinforcement|
Bite-Sized
Chunks
Training Reinforcement|
Space it out
“Cramming can be an effective learning
methodology if your only objective is to
pass a one-time exam. ”
Training Reinforcement|
Spacing out information over time rather than
cramming it into one session or a short time
period, you will improve your long-term memory.
Spacing Effect
Training Reinforcement|
Training Reinforcement|
2
MONTHS
2
WEEKS
2
DAYS
10 MIN.
Overcoming the Forgetting Curve
Training Reinforcement|
Test learners
“Tests and quizzes do more than just
measure the amount of learning that
has taken place. Testing is a critical part
of the learning itself.”
Training Reinforcement|
Testing increase learning more than any other study method.
Long-term memory is increase when some of the learning time
is devoted to retrieving the to-be-remembered information.
The Testing Effect - Retrieval
Training Reinforcement|
Bottom Line: What Works?
Learning Bursts
microlearning
Learning Boosts
reinforcement
Training Reinforcement|
How to Make The Business Case for
Online Learning
1
2
3
SCENARIO ANALYSIS
4
5
CAUSE/EFFECT ANALYSIS
KPI’S FOR EACH BENEFIT
RISK OF THE STATUS QUO
ALIGN WITH ORGANIZATIONAL GOALS
5 Key elements of a business case
Most likely results
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
SCENARIO ANALYSIS
Best case scenario Worst case scenario
Expected Business Results and KPI’s|
Your training program
improves the employee’s
ability todo the job.
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
CAUSE AND EFFECT ANALYSIS
The improvement hasa positive
impact on the business
The impact results in afinancial
benefit tothe company
Expected Business Results and KPI’s|
Employee Benefits Company Benefits Financial Benefits
Study at your own pace:
Employees have the ability stop
and start courses
Some training available to all
employees, no matter location.
Reduced costs for travel and
training facilities.
Convenience: Anytime,
Anywhere. Courses and online
resources are available to
employees 24/7
Employees can create and
manage their own Learning Plans
Simplified certification process
Employees are able to view a
personal dashboard of courses
assigned to them, view a record of
their transcript of courses
Improved visibility into learning
and performance data
- Anytime, anywhere reporting
- Built in testing and evaluation capabilities,
allow managers to easily run reports
- More customized learning plans to ensure
that they have mastered difficult concepts
Reduced time away from the
job, no missed productivity
Better control over all aspects of the
training experience through one standard,
centralized access point (registering,
approval, tracking, reporting)
- Hosted services eliminates the need for
installation into a company network
- Eliminates the cost of internal support
Increase alignment between employee
goals and corporate objectives.
BUSINESS IMPACT
Improve employee performance in areas
that improve organizational outcomes
Expected Business Results and KPI’s|
COST VS. BENEFIT
JUSTIFICATION
QUALITY. EFFECTIVENESS. JOB IMPACT.
BUSINESS RESULTS
$
Expected Business Results and KPI’s|
VALUE OF TRAINING ON WRITING SKILLS FOR ACCOUNT
REPRESENTATIVES AND CUSTOMER SERVICE REPS
Goal: Reduce turn around time on bug fixes from an
average of 21 days to 10 days.
x
x
x
x
x x x x
x x x x
x
x
x x x x x x x
xx x
x x
x x x x
x
Expected Business Results and KPI’s|
$1,155,000
80% OF THE BUGS REQUIRED A RETURN OF THE WRITTEN REPORT TO THE REP FOR CLARIFICATION.
$50 / DAY – OVER 6 MONTHS – 1,100 BUGS
VALUE:
Theexpected value to be gained ismeasured by using the average revenue
lost for each day the service isdown for customers due to sloppy or unclear
written explanations of bugs to the programmers.
Expected Business Results and KPI’s|
TRAINING COSTS:
Human Resources: $90,000
Reps: $300.000
Total = $390,000
VALUEADDED FROM IMPROVED PERFORMANCE:
500 reps X $600/day/rep
Access to online writing courses including time to take and complete 5 courses
each and successfully complete writing evaluations to prove increased skills. 2
HR reps needed to administer program and build writing evaluations.
IMPACT:
• Less than 10% of written reports of bugs were
returned for rewrites in 6 months after program.
• Average bug fix reduced from 21 days to 12 days.
• Total bugs affected 1,210.
TOTAL VALUE GAINED:
$544,500 ON A $390,000 PROGRAM
Expected Business Results and KPI’s|
Identify the KPI for the business
problems you are trying to solve.
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
KPI’S FOR EACH BENEFIT
What will improved performance
look like, and how will be know?
Expected Business Results and KPI’s|
It doesn’t have to be complicated…
$
You have 5,000
customers
Each is worth $20,000 You increase customer
retention by 1%
THAT’S $1 MILLION
Whatcouldhappentothe
company’sbottom line?
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
RISK OF THE STATUS QUO
Couldthecompanylosecustomers?
Valuableemployees? Ormarket share?
Couldsome futurecostsbeavoidedif
theinvestments ismadetoday?
The Risk of the Status Quo|
Training vs. No Training
Average cost for losing a single employee with an average salary of $60,000 could cost a company
anywhere from $30-45k to replace.
Center for American Progress
Consider unmet business challenges, for example: Employee Turnover
The Risk of the Status Quo|
A process ofcontinues adjustment to keep
the parts in their correct relative position.
Scenario
Analysis
Cause/
Effect Analysis
KPI’s for each
benefit
Risk of the
Status quo
Align with
Org’s goals
GOAL ALIGNMENT
Expected Business Results and KPI’s|
Will employees participate, use it etc…
Is the learning initiative relevant to our business needs?
BARRIERS TO PROGRAM ADOPTION
What are the costs?What’s the value?
Expected Business Results and KPI’s|
RESISTANCE SUCCESSSTRATEGIES
No Help
• Create an advisory committee
• Use a coach
• Ask supervisors for support and provide themtools
Communication
• Work with your internal learning team to develop strategiesfor
high-level and end-usercommunication
Not EnoughTime
• Focus on just-in-time learning: search and learn, jobaids
• Deliver kickoff events, blended learning, learninglabs
• Emphasize time management courses
• Create learning in progresssigns
Fear and Anxiety
• Nurture safety and trust with perceived freedom of choice
• Focus on individualneeds and help folks to see the benefits of having
online learningavailable
Not Relevant
• Emphasize on-the-jobapplication
• Understand the goals of others and ask questions: “how canyou use this
initiative to meet yourgoals?”
EXECUTIVE SUMMARY (1 page)
Objective sentence and bullet points on each key
element.
CURRENT SITUATION (1-2 pages)
The business challenges being addressed and business
goals to be met.
PROPOSED SOLUTION (2-3 pages)
Explanation of the solution – include a simple statement of each
expected benefit and risk assessment of the status quo.
1
2
3
YOUR BUSINESS CASE
Expected Business Results and KPI’s|
EXPLANATION OF BUSINESS BENEFITS(2-3 pages)
A thorough analysis of the bottom-line impact including business
benefit gains and costs of the proposed solution (ROI) EMPHASIS
on business benefits.
CONCLUSION (1page)
Executives will “bottom-line” it, so they will inevitably read
the summary and conclusion before reading anything else.
Be concise and cover each major element of business case.
SUPPORTING MATERIAL (3-4 pages)
Include key supporting material, data and research.
4
5
6
YOUR BUSINESS CASE
Expected Business Results and KPI’s|
Do you feel access to more training would help you perform your job more effectively?
Would you like to see <company> play a more active role in your professional growth/development?
If offered online, would you take advantage of a customized training curriculum specific to your job?
If online training was offered, how many courses would you enroll and complete this year?
YES
NO
YES
NO
YES
NO
1-3 per year
3-6 per year
More than 6 a year
Don’t know
1. Don’t get stuck on ROI only. Communicate the cost and
benefit justification and strategic impact of your
training initiatives.
2. Plan and organize. Understand your current situation, where
you want to be and when and how you will get there.
3. Know the facts and risks back it up with data.
4. Communicate how your plan will benefit the overall
organizational goals.
KEY TAKE-AWAYS
Advanced Train the Trainer Video Series
27-part video series from
BizLibrary Productions
Video lessons include:
1. Becoming a Learning Organization
2. The New Learner
3. The Case for e-Learning
4. Transferring Skills to the Next Generation
5. Engagement vs Interaction
6. Training as a Promotion Qualifier
7. Training Payback vs. ROI
8. True Costs of Training
9. See, Know and Do Goals
10. Training Process vs Programs
Telling the Story - Presentation video
series
4-part Telling the Story
video series from ej4
1. The Art of Persuasion
2. Writing a Proposal
3. Presentation
4. After Approval
Try out these video lessons
and more!
Let us know through the poll if you’d like a free trial of
BizLibrary’s online course collection.
www.bizlibrary.com/free-trial

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Making The Business Case For Online Employee Training

  • 1.
  • 2. Presenting Today Dean Pichee President and CEO, BizLibrary @deanpichee Follow along on Twitter: #BizWebinar @BizLibrary Erin Boettge Content Marketing Manager, BizLibrary eboettge@bizlibrary.com
  • 3. www.bizlibrary.com/free-trial BizLibrary helps organizations succeed by improving the way employees learn.
  • 4. The most common objection from senior executives about learning initiatives is…
  • 5. In your organization, what are your biggest challenges with change…
  • 6. Executives Want to See More Impact and Value RANKED IMPORTANCE TOEXEC’S MEASURE LEARNING EVALUATION LEVEL EXAMPLE CURRENTLY MEASURED 1 Impact 4 “The Accel project contributed 20%to our reduction in error rates thisfiscal.” 8% 2 Value 5 “Within one year, the East program will achieve a 2:1 benefit-costratio.” 4% 3 Awards 0 “Our learning program won an award from Chief Learning Officermagazine.” 40% 4 Application 3 “78% are applying their new skills to their jobs” 11% 5 Learning 2 “92% of participants increased their skills” 32% 6 Activity 0 “Last year 7,800 employeesparticipated in our learning programs” 94% 7 Efficiency 0 “Formal learning costs $2.15 perhour” 78% 8 Reaction 1 “Employees rated our training veryhigh with an average of 4.5 on a 5 point scale” 53% Source: How Executives View Learning Metrics by Patti and Jack Phillips, CLO Magazine, Dec 2010
  • 7. WHAT WEHOPE YOU’LL LEARNTODAY Anticipating and overcoming the most common objections from your senior executives ANALYSIS What is the Business Case for Online Training? How Do I Make the Business Case for Training? The 5 core elements of a business case Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals
  • 8. The Business Case for Online Employee Training
  • 9. Benefits of a Learning Culture Increased efficiency, productivity and profit Increased employee satisfaction and decreased turnover An improvement mindset among employees A developed sense of ownership and accountability Ease in succession/transition A culture of knowledge inquiry and sharing An enhanced ability for workers to adapt to change The Risk of the Status Quo|
  • 10. INNOVATION: More likely to be first to market PRODUCTlVITY: Greater productivity 58% 17% QUALITY: Greater ability to deliver quality products SKILLS: More prepared to meet future demand PROFITABILITY: More likely to be market share leaders SOURCE: BERSIN BY DELOITTE 46% 37% 33% 26% CUSTOMER SERVICE: Better response to customer needs ORGANIZATIONS WITH A STRONG LEARNING CULTURE SIGNIFICANTLY OUTPERFORM THEIR PEERS…
  • 12.
  • 13. 11 minutes The Business Case for Online Employee Training|
  • 14. *U.S. Department of Education, Office of Planning, Evaluation, and Policy Development, Evaluation of Evidence-Based Practices in Online Learning: A Meta-Analysis and Review of Online Learning Studies, Washington, D.C., 2009, revised2010. ONLINE LEARNING MAKES SENSE Capable of teaching the same material in less time and reducing the duration of class time Addresses both formal and informal learning needs No need to schedule learning with a 24x7x365 solution Reaches more employees faster and with greater consistency Found to be as effective as face-to- face learning* Cost-effective for any size audience EFFICIENT ADAPTABLE AVAILABLE SCALABLE EFFECTIVE ECONOMICAL
  • 15. The Science Behind Online Learning
  • 16. How We Learn Encoding Short-term memory, observations, memory traces and what we’ve seen (limited capacity) Consolidation Time scientists believe the brain replays or rehearses the learning, new knowledge next to neural markers Retrieval Forced retrieval is most effective after time intervals and some forgetting has occurred The Business Case for Online Employee Training|
  • 17. 50% 70% 100 ms Of the brain is used for visual processing Of the sensory receptors are in the eyes To get a sense of the visual scene Visually Wired Brain The Business Case for Online Employee Training|
  • 18. Hermann Ebbinghaus: The Forgetting Curve Training Reinforcement|
  • 20. “No matter how much you invest into training and development, nearly everything you teach to your employees will be forgotten. Indeed, although corporations spend billions of dollars a year on training, this investment is like pumping gas into a car that has a hole in the tank. All of your hard work simply drains away.” Art Kohn, PHD, Professor, Author and Consultant Training Reinforcement|
  • 21. The total amount of mental effort being used in the working memory. Our brain can only process a certain amount of information at a time. Cognitive Load Training Reinforcement|
  • 23. Space it out “Cramming can be an effective learning methodology if your only objective is to pass a one-time exam. ” Training Reinforcement|
  • 24. Spacing out information over time rather than cramming it into one session or a short time period, you will improve your long-term memory. Spacing Effect Training Reinforcement|
  • 26. 2 MONTHS 2 WEEKS 2 DAYS 10 MIN. Overcoming the Forgetting Curve Training Reinforcement|
  • 27. Test learners “Tests and quizzes do more than just measure the amount of learning that has taken place. Testing is a critical part of the learning itself.” Training Reinforcement|
  • 28. Testing increase learning more than any other study method. Long-term memory is increase when some of the learning time is devoted to retrieving the to-be-remembered information. The Testing Effect - Retrieval Training Reinforcement|
  • 29. Bottom Line: What Works? Learning Bursts microlearning Learning Boosts reinforcement Training Reinforcement|
  • 30. How to Make The Business Case for Online Learning
  • 31. 1 2 3 SCENARIO ANALYSIS 4 5 CAUSE/EFFECT ANALYSIS KPI’S FOR EACH BENEFIT RISK OF THE STATUS QUO ALIGN WITH ORGANIZATIONAL GOALS 5 Key elements of a business case
  • 32. Most likely results Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals SCENARIO ANALYSIS Best case scenario Worst case scenario Expected Business Results and KPI’s|
  • 33. Your training program improves the employee’s ability todo the job. Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals CAUSE AND EFFECT ANALYSIS The improvement hasa positive impact on the business The impact results in afinancial benefit tothe company Expected Business Results and KPI’s|
  • 34. Employee Benefits Company Benefits Financial Benefits Study at your own pace: Employees have the ability stop and start courses Some training available to all employees, no matter location. Reduced costs for travel and training facilities. Convenience: Anytime, Anywhere. Courses and online resources are available to employees 24/7 Employees can create and manage their own Learning Plans Simplified certification process Employees are able to view a personal dashboard of courses assigned to them, view a record of their transcript of courses Improved visibility into learning and performance data - Anytime, anywhere reporting - Built in testing and evaluation capabilities, allow managers to easily run reports - More customized learning plans to ensure that they have mastered difficult concepts Reduced time away from the job, no missed productivity Better control over all aspects of the training experience through one standard, centralized access point (registering, approval, tracking, reporting) - Hosted services eliminates the need for installation into a company network - Eliminates the cost of internal support Increase alignment between employee goals and corporate objectives.
  • 35. BUSINESS IMPACT Improve employee performance in areas that improve organizational outcomes Expected Business Results and KPI’s|
  • 36. COST VS. BENEFIT JUSTIFICATION QUALITY. EFFECTIVENESS. JOB IMPACT. BUSINESS RESULTS $ Expected Business Results and KPI’s|
  • 37. VALUE OF TRAINING ON WRITING SKILLS FOR ACCOUNT REPRESENTATIVES AND CUSTOMER SERVICE REPS Goal: Reduce turn around time on bug fixes from an average of 21 days to 10 days. x x x x x x x x x x x x x x x x x x x x x xx x x x x x x x x Expected Business Results and KPI’s|
  • 38. $1,155,000 80% OF THE BUGS REQUIRED A RETURN OF THE WRITTEN REPORT TO THE REP FOR CLARIFICATION. $50 / DAY – OVER 6 MONTHS – 1,100 BUGS VALUE: Theexpected value to be gained ismeasured by using the average revenue lost for each day the service isdown for customers due to sloppy or unclear written explanations of bugs to the programmers. Expected Business Results and KPI’s|
  • 39. TRAINING COSTS: Human Resources: $90,000 Reps: $300.000 Total = $390,000 VALUEADDED FROM IMPROVED PERFORMANCE: 500 reps X $600/day/rep Access to online writing courses including time to take and complete 5 courses each and successfully complete writing evaluations to prove increased skills. 2 HR reps needed to administer program and build writing evaluations. IMPACT: • Less than 10% of written reports of bugs were returned for rewrites in 6 months after program. • Average bug fix reduced from 21 days to 12 days. • Total bugs affected 1,210. TOTAL VALUE GAINED: $544,500 ON A $390,000 PROGRAM Expected Business Results and KPI’s|
  • 40. Identify the KPI for the business problems you are trying to solve. Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals KPI’S FOR EACH BENEFIT What will improved performance look like, and how will be know? Expected Business Results and KPI’s|
  • 41. It doesn’t have to be complicated… $ You have 5,000 customers Each is worth $20,000 You increase customer retention by 1% THAT’S $1 MILLION
  • 42. Whatcouldhappentothe company’sbottom line? Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals RISK OF THE STATUS QUO Couldthecompanylosecustomers? Valuableemployees? Ormarket share? Couldsome futurecostsbeavoidedif theinvestments ismadetoday? The Risk of the Status Quo|
  • 43. Training vs. No Training Average cost for losing a single employee with an average salary of $60,000 could cost a company anywhere from $30-45k to replace. Center for American Progress Consider unmet business challenges, for example: Employee Turnover The Risk of the Status Quo|
  • 44. A process ofcontinues adjustment to keep the parts in their correct relative position. Scenario Analysis Cause/ Effect Analysis KPI’s for each benefit Risk of the Status quo Align with Org’s goals GOAL ALIGNMENT Expected Business Results and KPI’s|
  • 45. Will employees participate, use it etc… Is the learning initiative relevant to our business needs? BARRIERS TO PROGRAM ADOPTION What are the costs?What’s the value? Expected Business Results and KPI’s|
  • 46. RESISTANCE SUCCESSSTRATEGIES No Help • Create an advisory committee • Use a coach • Ask supervisors for support and provide themtools Communication • Work with your internal learning team to develop strategiesfor high-level and end-usercommunication Not EnoughTime • Focus on just-in-time learning: search and learn, jobaids • Deliver kickoff events, blended learning, learninglabs • Emphasize time management courses • Create learning in progresssigns Fear and Anxiety • Nurture safety and trust with perceived freedom of choice • Focus on individualneeds and help folks to see the benefits of having online learningavailable Not Relevant • Emphasize on-the-jobapplication • Understand the goals of others and ask questions: “how canyou use this initiative to meet yourgoals?”
  • 47. EXECUTIVE SUMMARY (1 page) Objective sentence and bullet points on each key element. CURRENT SITUATION (1-2 pages) The business challenges being addressed and business goals to be met. PROPOSED SOLUTION (2-3 pages) Explanation of the solution – include a simple statement of each expected benefit and risk assessment of the status quo. 1 2 3 YOUR BUSINESS CASE Expected Business Results and KPI’s|
  • 48. EXPLANATION OF BUSINESS BENEFITS(2-3 pages) A thorough analysis of the bottom-line impact including business benefit gains and costs of the proposed solution (ROI) EMPHASIS on business benefits. CONCLUSION (1page) Executives will “bottom-line” it, so they will inevitably read the summary and conclusion before reading anything else. Be concise and cover each major element of business case. SUPPORTING MATERIAL (3-4 pages) Include key supporting material, data and research. 4 5 6 YOUR BUSINESS CASE Expected Business Results and KPI’s|
  • 49. Do you feel access to more training would help you perform your job more effectively? Would you like to see <company> play a more active role in your professional growth/development? If offered online, would you take advantage of a customized training curriculum specific to your job? If online training was offered, how many courses would you enroll and complete this year? YES NO YES NO YES NO 1-3 per year 3-6 per year More than 6 a year Don’t know
  • 50. 1. Don’t get stuck on ROI only. Communicate the cost and benefit justification and strategic impact of your training initiatives. 2. Plan and organize. Understand your current situation, where you want to be and when and how you will get there. 3. Know the facts and risks back it up with data. 4. Communicate how your plan will benefit the overall organizational goals. KEY TAKE-AWAYS
  • 51. Advanced Train the Trainer Video Series 27-part video series from BizLibrary Productions Video lessons include: 1. Becoming a Learning Organization 2. The New Learner 3. The Case for e-Learning 4. Transferring Skills to the Next Generation 5. Engagement vs Interaction 6. Training as a Promotion Qualifier 7. Training Payback vs. ROI 8. True Costs of Training 9. See, Know and Do Goals 10. Training Process vs Programs
  • 52. Telling the Story - Presentation video series 4-part Telling the Story video series from ej4 1. The Art of Persuasion 2. Writing a Proposal 3. Presentation 4. After Approval
  • 53. Try out these video lessons and more! Let us know through the poll if you’d like a free trial of BizLibrary’s online course collection. www.bizlibrary.com/free-trial