Do You Evaluate The Investment You Make In Learning?

Posted by: | Posted on: October 13th, 2008 | 8 Comments | Posted in: Coaching, Conferences, Ireland, More clients

Word of mouse marketing workshop covering digital media and social media facilitated by Krishna De of BizGrowthNews Running workshops for organisations about marketing and social media, I always take the time to read the feedback from delegates so that I can understand what has worked well and what I need to improve the next time.

With an increasing focus on value for money, I was not surprised to see some feedback from a recent workshop about the investment that people made in the workshop. For the first time ever, the organisation I was delivering a programme for received feedback that the cost of the event was too expensive – yet they have held their workshop pricing the same over several years.

The increasing number of training and workshops that are being provided for less than €100 or even free I am sure has altered peoples perceptions of what is value for money when it comes to events and workshops.

However this feedback did get me to reflect on how we as delegates evaluate how effective a programme has been in terms of the return on investment.

Is our view only taken as a snapshot in time at the end of the event when we are asked to complete an evaluation form?

Why don’t we review the effectiveness of the workshop or training several weeks or even months later when we have implemented what we have learned and understood how that learning has made us more effective, able to deliver new solutions to clients, attract more clients or even charge more for our services and products?

I know one person who attended the workshop in question and within a week of the event they had attracted more business partners and more customers by implementing just one of the strategies covered – so of course their perception therefore was that the workshop was of great value.

Attending events, conferences and workshops which cost not just money but are an investment of our time can help us steer a course during times of uncertainty – but only if we take action and implement what we have learned then evaluate how effective that is.

So whether it be a free teleclass, a paid for workshop or an expensive conference, if you have attended an event in the last 90 days, what could you implement from what you learned that could bring you greater success in the year ahead? What support and resources do you need? When will you take action?

At the end of the 90 days, why not reflect then if the event was worth it when you truly know the return on your investment?

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  • http://james-hayton.com James Hayton

    Krishna, nice post. Couldn’t agree more.
    I see this as an opportunity for those in the training and development business to differentiate themselves by making it easy for all HR functions to evaluate training impact.

    How? Specify clearly both the learning and performance outcomes, and suggest key metrics that should be influenced (sales, supervisor satisfaction, customer satisfaction, safety records etc etc).

    Provide users with a model (and where possible measures) for assessing the following:

    1. satisfaction and learning
    2. behavior change(s) back at work
    3. individual and group performance
    4. Return on investment

    Trainers that help organizations do this will demonstrate their commitment to value creation and partnering in ways that their competitors do not – differentiation is one key to victory!

  • Krishna De

    James – thanks for commenting.

    The whole area of evaluation of training and development has been a bit of a sore thumb for decades.

    I am constantly coming across the issue of organisations questioning the ROI of training and development and not using standard methodology even before they have a programme take place.

    Adoption of best practice in this area is definitely not common place.

    I’m also suggesting that we as individuals attending such programmes need to consider the ROI.

    As we know the ‘happy sheets’ at the end of a programme/workshop are just a temperature check at that time.

    If we are encouraging people to take accountability for their own career and development, perhaps we should be asking them to take joint accountability for ensuring they get a ROI of the programmes they attend?

    Radical perhaps – but logical I think?

    Thanks again for adding your comments to this important area for boosting productivity, performance and profits.

  • http://internetbrandingstrategy.com Ronna Porter

    The saying ‘you get what you pay for’ springs to mind.

    I’ve just spent the weekend at a Barcamp, and I achieved my purposes of making lots of contacts in Southern Germany where I now work, exposing myself to a completely ‘German’ event, and learning a little more about local differences.

    BUT, I realistically had low expectations about how much I would learn from such a ‘free’ event, compared to one with a ticket price which has more thought and preparation given to quality and targeting of content.

    I do think that there is a market and a role for both ‘free’ and ‘premium’, and that the former is not always less valuable than the latter. But people are short-selling themselves if they view the two equally.

  • http://www.businessopportunitiesandideas.co.uk John

    It worries me how many businesses believe they can thrive on training and advice provided for FREE.

    It seems that far too often when it comes to training. it’s a case of knowing the price but not the value.

  • http://www.reallypractical.com Mark Nagurski

    Hi Krishna,

    It’s an interesting point. Businesses will happily invest thousands in bringing in outside expertise in the form of consultants but baulk at the idea of €100 to train a member of staff in the same field.

    No doubt the number of free workshops available leads to a change in the perceived value of paid events. If you’re used to receiving training for free you set the bar much higher for paid events.

    We run frequent, ‘Marketing 101′ style workshops and the biggest impact on the ‘value for money’ question is usually the size of the workshop. The larger the workshop the less each individual feels they got personal attention – which, to be fair, is usually true. With that in mind we tend to limit workshop sizes to no more than 12-15 participants.

    Of course, small workshops are not always feasible – especially when you are the speaker and not the organiser.

    With bigger groups, the one thing we try to do is paint that longer term picture both at the beginning and end of every presentation – ‘this is how your business will be affected if you implement x, y and z’. We also tend to prepare more takeaways and followup resources for paid events than funded ones.

    From an attendees standpoint I agree that we need to look at the ROI from training in a different light. I often look at training along similar lines to having a gym membership – you feel you’re doing the right thing by having one, but how often do you put it into practice?

    The gym membership is only poor value when you fail to make use of it. Perhaps we should all take our mental ‘gym going’ a little more seriously.

  • Krishna De

    @Ronna – Barcamps and unconferences are terrific and I support the approach with programmes like PodCamp Ireland which I help organise. I am not sure that people have delineated ‘free’ from ‘fee’ though in their mind as we all are becoming more demanding on what we expect in terms of ‘value for money’ or ‘value for our time’.

    @John – I agree people are looking for free, quick and easy answers – access to a world of education via Google has probably contributed to this for us all.

    @Mark – yes there is something about personal attention versus a large group and what the perception of value is there in terms of one on one time – I guess a bit like public and private sector schools where people are prepared to pay for individual attention and smaller class sizes and then expect superior results. Interesting thought – I’m not sure that too many people market their programmes in this way though – certainly not in my experience.

    Thanks everyone to contributing to the debate and sharing your perspectives and experiences.

  • http://blog.iia.ie/2008/review-blogging-microblogging-and-podcasting-with-krishna-de-18th-september-2008/ iia blog » Review: Blogging, microblogging and podcasting with Krishna De 18th September 2008

    [...] If that isn’t inflation busting, I don’t know what is! Krishna also writes on her blog about assessing the value of training. Another of our members Clickstream (who recently revamped their own website) also attended this [...]

  • http://www.krishnade.com/blog/2008/implementingwhatyoulearn/ Implementing What You Learn – Krishna De: Branding, Personal Branding, Employer Branding, Social Media Marketing, Communications, PR, Online Identity

    [...] You might have read my recent article about evauating the return on invetment in any workshop or programme you attend which has some great thought provoking comments from our readers. [...]


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