How do you measure your investment in training?

Hi,
I work within a Housing Association and we measure our investment in training by the "numbers of training days invested per employee".

We are currently being inspected by the Audit Commission and have been asked how our investment compares to others.

Does anyone measure there investment in days? If you do do you mind sharing what your investment is per employee per annum?

Please email me on jane.seddon@adactushousing.co.uk if you can help or respond on here.

Thanks in anticipation

Jane.

Jane Seddon

Jane Seddon

garry platt says:

February 20, 2009 at 7:43 am

This is No Measure of Investment
Could I ask a question Jane about the measure you’re using? Does measuring the number of days of training your people receive actually measure any investment?

Measuring the time allocated to training does not mean that it was an investment, it could just have been a cost and waste of time. It’s an easy metric to use but it doesn’t measure anything other than time spent on training.

Measuring the cost of your training must be linked to the outputs that you achieve because of that training. Then you can determine whether the time or money used was a cost or investment.

Measuring training days received is a chronic measure of investment.