An important step in calculating ROI is calculating costs to create Learning. The cost of internal employees is a very important part of that cost. When doing a project plan, I've found it helpful to calculate the hourly cost of the employee including bonuses, benefits, taxes, etc. Here's a spreadsheet I have used. Please test it and let me know if I made any mistakes in the comments and I'll fix them. Also any recommendations for improvement are also appreciated.
ASTD has released its 2008 State of the Industry Report online for ASTD members. Here are my quick notes.
I recently posted this question to the ASTD National group on Linked In:
- Increasing number of employees is retiring. Losing critical institutional knowledge can place the organization at risk. Transferring knowledge between generations is a critical capability in today’s organizations.