avoiding the black hole: measuring the roi of tuition assistance programs
DESCRIPTION
Organizations invest approximately $10 billion annually in tuition assistance programs for their employees. Despite the significant cost, many companies do not formally monitor the return on investment (ROI) of such educational benefits. A national study of employer-sponsored educational programs estimated that poorly planned programs waste about $6,000 per employee. Organizations need to know how effectively their investment in tuition reimbursement helps recruit, train and retain quality employees. In this workshop, chief learning officers will gain insight about how best to track the ROI of their organization’s tuition benefits programs. Ruby A. Rouse, Ph.D., Faculty, University of Phoenix School of Advanced StudiesTRANSCRIPT
Unleashing Learning:
From Strategy to
Execution
Avoiding the Black Hole: Strategies to Measure the ROI of Tuition Assistance Programs
Dr. Ruby A. Rouse & Dr. Leslie A. Miller
Executive Directors
University of Phoenix Institute
Loss
Return on
Investment
What is Return on Investment?
© 2010 University of Phoenix, Inc. All rights reserved
© 2010 University of Phoenix, Inc. All rights reserved
© 2010 University of Phoenix, Inc. All rights reserved
?
ROIROI
The
Black
Hole
How much money is your organization wasting?
© 2010 University of Phoenix, Inc. All rights reserved
ROI is in the EYE of the beholder
Many Pieces – Many variables
© 2010 University of Phoenix, Inc. All rights reserved.”
$$ ROI
Retention
Promotion
Performance
Leadership
Knowledge
Succession
Competitiveness
Skills
© 2010 University of Phoenix, Inc. All rights reserved
© 2010 University of Phoenix, Inc. All rights reserved
© 2010 University of Phoenix, Inc. All rights reserved
© 2010 University of Phoenix, Inc. All rights reserved
Thank
You
Unleashing Learning:
From Strategy to
Execution