An investment in learning has multiple returns

No business decision should be contemplated without consideration of the Return on Investment (ROI). LMS initiatives are no different. eLogic works with you to analyze the ROI potential of training and development as part of initial strategy.

Numerous matrices and measurements built into the system give proof of the effectiveness of your investment and allow you to measure ROI many ways. There are tangible returns that are easily quantifiable and impact the bottom line. And intangible ROI which, although hard to measure, have a decidedly positive impact.

Tangible ROI

  • Less waste due to optimized material handling
  • Premium reductions as a result of increased safety training
  • Safety and compliance training reduces penalties and fines
  • Qualification for more contracts after compliance certification
  • Save printing costs on training materials, HR policies, benefits, etc., when all material is available online
  • Training-related travel costs virtually eliminated
  • Employees assume new responsibility as soon as individual training is complete rather than waiting for the whole class to finish
  • New employees onboarded faster
  • Improved retention reduces costs for recruiting and training new workers
  • Identify and develop leaders internally to save executive recruiting costs and — to a lesser degree — compensation and benefits
  • Faster and more cost efficient new product training for employees and customers
  • Speed to market improved as introductions are not held up by training
  • Centralized Reporting requires less time and effort to pull together results

Intangible ROI (harder to quantify):

  • Availability of development courses improves worker morale, confidence and loyalty
  • Demonstrated respect for workforce makes it more manageable
  • Customer satisfaction with organizations employees
  • Develop leaders from within the organization
"We recently changed our customer training from instructor-led to elearning and saved a minimum of $1,500 per customer or $190,000 during our beta phase of 125 clients. We have over 100,000 customers who require training and millions to save!!!"
Director, Learning and Development
Sage Healthcare
"We realized saving of over $225,000 annually on our workers compensation premium alone with measurable and reported safety training for our drivers. Not only did this pay for the entire cost of the LMS for 5 years but the cost of the content as well"
Chief Learning Officer
PODS

Calculate Your ROI

Use this ROI Calculator to assess the positive economics and benefits of payroll ROI component gains utilizing an LMS.