"A study released today by leadership development platform BetterManager finds that businesses increase revenue and decrease costs when they invest in coaching programs for their employees. In fact, the average ROI is $7 for every $1 spent on leadership development.

BetterManager partnered with research firm The Fossicker Group for the study, which surveyed 752 people responsible for leadership development at a wide range of companies in the United States, Canada, and the United Kingdom. Available for download here, the research found that the tangible ROI comes mostly from increased revenue and sales as a direct result of leadership development participation. It also found companies saved money through increased employee retention and reduced recruiting costs."

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"In today’s economic climate, the importance of measuring training ROI cannot be overstated. Although the advantages of workplace learning have been proven time and again, employee development is a significant investment. In 2021 alone, nationwide expenditures cost upwards of $92 billion. 

As such, L&D leaders need to show that training initiatives go beyond employees’ skills, knowledge, and behaviors. To truly gain leadership buy-in, they must demonstrate a return on investment. Unfortunately, some organizations still view L&D as a discretionary expense. When making financial cuts, learning budgets are often the first to go. But proving training ROI helps L&D teams substantiate their spending budgets and make the case for continued investment in employee development.  ROI data can be further used to identify gaps and set companies up for continuous improvement. However, as learning professionals know, measuring ROI is no easy task."

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