Can anyone help me, please, with (a source of) statistics which relate training budgets to any or all of: headcount, turnover, profit, salary expenditure, etc. I'm particularly interested in the private sector and would prefer to use a source I don't have to pay for! If statistics as such are not available, some specific (anonymous) examples would be helpful. Thank you in advance for your help.
Wendy Petty
3 Responses
People Skills Scoreboard from National Training Organisations
You need the results of various NTOs’ People Skills Scoreboards which are available in both the public and private sectors. I am just analysing the results of ours at present – but you may not be interested in our sector which is arts and entertainment! The PSS looks at staff turnover, training spend per head, training time per head, income, and a variety of other measures depending on the priorities of the NTO involved. As not every NTO has undertaken this research exercise there is not a complete picture across the country, but you may be able to glean specific examples which will help you
Training spend, measurement of benefit
The IPD is doing an on-going study linking people management practices and the bottom line. This provides some source materials that may be of use. Additionally the Hambledon Group regul;arly reports on such indicators. See the article at the end of this link:
http://www.greatplacetowork.gov.uk/greatplacetowork/evidence.htm for info.
I work with IIP (as an Adviser/assessor) and find that measuring the training effect is a function of the amount of effort put in at the planning stage. I refer to this (to my clients) as a discipline of thinking – “what are we seeking to change or improve”. The actual metrics are most often best developed with the people who are involved directly in the work you are seeking to change or improve.
Hope useful, good luck,
Phil
Training budgets
Look at GEE training guide , Section 3.