The Gallup Organization estimated that there are 22 million actively disengaged employees costing the economy as much as $350 billion dollars per year in lost productivity, including absenteeism, illness and other low morale issues. And that's just in the USA!
(These figures don't include the huge employee turnover costs.)
What is your Return on Investment from your Learning and Development programs? What would the evidence tell us?
Over the past 20 years, we have asked the more than 500 organisations that we worked with, "How much are you investing per employee in their Learning and Development?"
Answers range from a low of around $100 a year to a high approaching $2000 per year.
When we then ask, "What is your return on this investment?" we mostly get blank looks. From what we've seen, most organisations are not actually measuring their ROI on their Learning and Development spend.
We believe this is because L&D is seen as courses people go to, rather than something that is integral to their daily work.
As a result, when people return to work from such courses, very little, if any, learning is integrated into the work place, and there is a huge gap between spend and actual return.
Here's the bottom line: common wisdom tells us that it costs 1.5 to 3.0 times a person's wages/ salary to replace them.
Which leads us to this old yet powerful story: the CFO asked: "What if we invest in our people and they leave?" To which the CEO responded: "What if we don’t and they stay?"
What's really needed are...
That’s why we:
I participated in an engaging and entertaining seminar presented by Ian and was inspired to go further. Now that I have undertaken and benefited from Ian’s intensive mentoring program, his teachings have become integral to the success of my personal and business life.
This Blue Paper will give you a fundamentally powerful, yet simple solution to quickly pave the way for getting lasting performance improvements from your Learning and Development programs.
It reveals one of our most successful core methods, highly prized and endorsed by our clients over the past 24 years.
Let's Have An Off-the-Record Chat
If you’d like to discuss your situation and how we can help you raise performance in your business, call us on +61 418 807 898.