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Increasing Your Return on Investment (ROI)
It's no longer good enough to base your human resource expenditures
on "impressions" and "examples". You need
to be able to provide your senior leaders with measurable ROI
results to ensure the long-term success of your organization.
How Can Quest Help Increase Your ROI?
We bring you the resources to benchmark, measure and put a value
on all aspects of human resource development. To
accomplish these objectives, Quest provides the means for measuring
four fundamental levels of program effectiveness:
- Level 1 Measurement: Program Rating Service
The content of the human resource development program must be
delivered in an environment and with a method that ensures it
is efficiently and effectively transferred and retained by participants.
Event evaluation allows the organization to compare critical
aspects of your program against a national database of similar
programs.
- Level 2 Measurement: Knowledge/Skill Transfer & Retention
Human resource development is of little value if the knowledge
and skills necessary for behavior change are not transferred
and retained. When effectively linked to behavioral objectives,
it is Knowledge/Skills transfer that initiates behavior change.
Knowledge/Skills Transfer and Retention measurement allows your
organization to identify and improve program effectiveness.
- Level 3 Measurement: Application Measurement
To
ensure human resource development produces bottom-line increase
in ROI, the first step is to identify the specific behaviors
that will promote desired profitability and then ensure the program’s
objectives are linked to them. Application measurement provides
feedback from internal and/or external clients regarding application
of skills on the job. This feedback illuminates ways to strengthen
the human resource development as well as internal support.
- Level 4 Measurement: ROI Measurement
The
purpose of human resource development is to initiate or support
change and have some financial impact on your organization’s
performance. Financial measurement helps you identify the ROI of
these programs.
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