3 Steps to Measure ROI of Leadership Development
Leadership development null initiatives should always have an ROI. There is a formula to measure the ROI of leadership development programs, and there are specific steps you can take that will make measuring results significantly easier. It all revolves around building an effective measurement plan that provides the roadmap for what data you will collect to measure the success of your initiative. And it’s something you should think through at the beginning of an initiative/program. The measurement plan has 3 primary components. Why is your organization willing to spend money on the program you’re trying to measure? Ask the sponsor or ask yourself, “Why is the organization willing to spend money on this?” The answer could be something high level, like, “We are falling behind the competition.” Tied directly to the “why” is, “ What results does our organization want out of the initiative?” To understand this, ask questions like: What are we trying to achieve? Wha...