Wondering How To Measure Training ROI? These Content Providers Can Help You Out!
For many years now, there's been a desire to find ways to demonstrate value for money in corporate training and development. Obviously, business owners or senior executives at some time will want to know what they are getting for their money. In fact, there are justifiable reasons for wanting to prove training ROI. Especially when more and more companies spend hundreds of billions on L&D.
One thing is certain; companies need to improve employee productivity, performance, and leadership skills. However, all this money spent has been shown to be ineffective in many cases. All the statistics, data, and information we gather when measuring ROI can help companies and managers influence how we support our learners to become the best they possibly can be.
Here at eLearning Industry, we love to advocate the benefits of measuring training and development. And we do so to help you prove the impact training has on your organization.
For this reason, we decided to create this special top list. All the content providers featured below have the expertise to ensure that you maximize the efficiency of funds made available for training.
The Best Content Providers To Help You Prove The ROI Of Training
If your company is listed among the Top Content Providers that Help Prove Training ROI, feel free to add this badge to your website. (2024)
CommLab India offers all rapid learning solutions under one roof, maximizing training ROI. Services include converting classroom material to eLearning, microlearning, VILT, and digital assets; as well as eLearning translations and LMS support. Do you want to join high-performing L&D teams and organizations?
Maximize your training ROI in CommLab's proven way.
Explore reviews for CommLab Rapid eLearning Solutions in our directory.
Highlights
- Learning Technology
- Holistic Services
- Tools To Prove ROI
Highlights
- Learning Technology
CommLab India designs and develops learning solutions using the latest in learning technology—authoring tools, AI-based tools—so that customers save time and cost. From tools for audio narration and video development to translations and more, organizations get more learning per training dollar.
- Holistic Services
With all services under one roof, you won't have to deal with multiple vendors—leading to better ROI.
- Tools To Prove ROI
CommLab India offers ROI calculators and tools to help L&D teams demo the value and impact of their learning solutions.
Achievements
CommLab India helped their customer translate 40+ courses into 4 languages using Microsoft Speech Studio. Processes were set to ensure seamless translations and ensure quality in audio narration. Translation and development were completed within two months!
EI uses a learner-centric framework to ensure training investments impact learners and the business. Their NexGen ROI model aligns learning with business goals, maximizing ROI and fostering a purpose-driven learning culture.
Contact EI to ensure your investments in training drive performance gain and maximize training ROI.
See what other customers have to say by reading the submitted reviews for EI.
Highlights
- Measure The Impact Of Training
- ROI Determination
- Maximize Learning ROI
Highlights
- Measure The Impact Of Training
From defining learner personas to identifying L&D metrics and business KPIs, they will assist you in showcasing the effects of training on both the learners and the business.
- ROI Determination
EI's unique framework, starting from strategic analysis to leveraging research on industry-standard learning behavior data, assesses the value of learning to determine learning ROI.
- Maximize Learning ROI
EI works strategically with customers to design an ROI framework that targets a business-first approach, aligning learning to business goals to further maximize learning ROI.
Achievements
Over the past two years, EI has garnered over 100 Brandon Hall Group Excellence Awards and has arisen in 40 global ranking lists across 18 different categories. In 2023, EI secured the top spot in eLearning Industry's ranking of the Best Content Providers for Custom eLearning.
SweetRush designs and develops effective solutions to complex learning challenges. Their deliverables meet instructional and business objectives and achieve ROI because they are authentic, relevant, and engaging for the learner.
You deserve to work with a vendor who cares and will design and deliver engaging and effective learning, so please reach out.
For more information on their amazing work, make sure to explore the SweetRush reviews in our directory.
Highlights
- Begin With The End Defined
- Quantifiable Results
- Innovating With Analytics
Highlights
- Begin With The End Defined
Training is important and a significant investment of your time and money. In-depth, up-front analysis is critical so they know and achieve the future target state and ROI.
- Quantifiable Results
Their solutions move the needle and achieve excellent measured outcomes. It's L&D done right—authentic, relevant, and engaging that changes behavior and delivers real ROI!
- Innovating With Analytics
Renowned for their unique solutions, they use xAPI and predictive analytics to measure and enhance learner engagement at any project phase.
Achievements
Showcasing their trusted expertise, they've won 3 Gold Brandon Hall awards for Best Learning Results with Bridgestone, Cisco, and Hilton, and another for Learning Measurement with Google. Clients rely on SweetRush for their most important projects where ROI is crucial.
AllenComm provides learning advisory, design and development, tech services, and talent placement for corporate L&D. They apply the latest in learning science and innovative tech, so each LX is customized to meet organizational and learner needs.
Speak with one of their learning consultants and tap into AllenComm's decades of leadership, onboarding, compliance, and skills development expertise.
Do you want to see what working with them feels like? Make sure to read the submitted reviews for AllenComm.
Highlights
- Realize A Measurable Increase In Learner Confidence
- Measurable Increases In Skills Proficiency
- Measure Engagement In All Aspects Of The Program
Highlights
- Realize A Measurable Increase In Learner Confidence
In one recent leadership program, 92% of participants strongly agreed they were better equipped for their new leadership role.
- Measurable Increases In Skills Proficiency
Performance on assessments for interpersonal skills improved by an average of 15 points in a recent program for nursing education.
- Measure Engagement In All Aspects Of The Program
In a recent cohort-based training, engagement metrics show managers which team members may need additional support (resulting in a 96% engagement measure for a community of practice).
Achievements
The team at AllenComm has helped learning organizations improve their NPS metrics. Also, they've helped establish benchmarks for skills development as well as track pre- and post-assessment data. Finally, they've managed to integrate learning performance measurement with on-the-job performance metrics, build certification programs, and more.
eWyse has ten years of expertise in delivering face-to-face training, blended learning, and eLearning solutions that achieve ROI. Among the services they offer is solution-based learning, which includes a thorough needs analysis.
Visit the eWyse website to learn everything about their services and how they use detailed needs analysis and preparation to help you achieve maximum ROI.
Go ahead and check out our directory to read the raving reviews for eWyse.
Highlights
- Needs Analysis
- Solution-Based Learning
- Continuous Communication
Highlights
- Needs Analysis
Thorough needs analysis allows eWyse to detect unmet goals, save budget, and achieve KPIs, resulting in improved training ROI.
- Solution-Based Learning
Their solution-based approach ensures that you start with the end goal in mind. The above allows eWyse to avoid mistakes at the beginning and produce on-point solutions faster.
- Continuous Communication
eWyse's 3C framework ensures transparent communication and feedback during all production stages, allowing them to align with the client's wishes.
Achievements
eWyse has extensive experience in creating eLearning solutions for numerous international companies. They deliver solutions that clients praise for helping them reach their goals and KPIs, as well as for their visual appeal and contemporary approach to topics.
ELB Learning offers a suite of tools and services that help you create better learning experiences—VR, games, and more! At any budget, they can help you create a solution with high ROI and high learner engagement.
Visit their website to see case studies and demos.
If you want to read reviews for ELB Learning, please check out our directory.
Highlights
- Higher ROI With VR Training
- Video-Based Practice And Coaching
- Custom Development
Highlights
- Higher ROI With VR Training
Get better results in less time with one of the easiest VR authoring tools imaginable. Their clients are saving thousands of dollars by creating immersive learning in CenarioVR.
- Video-Based Practice And Coaching
Companies like NVIDIA, Paychex, and 3M have experienced increased skills development and ROI using Rehearsal for sales enablement and soft skills.
- Custom Development
They create tailored eLearning for your specific needs. Drive better results with effective eLearning that grabs your learners' attention and engages them from start to finish.
Achievements
ELB Learning helps organizations create better learning experiences. Using their award-winning solutions, their clients achieve higher ROI, increase productivity, and fill skills gaps.
They know the difference between the Return On Investment and Return On Expectations. By teaming up with Learning Pool, you can analyze and prove the true value of your training efforts. Be it leadership development or upskilling and reskilling, they've got you covered.
If you're responsible for delivering any training in your organization, here's how they can help you deliver exceptional performance for your learning.
Visit our directory to explore customer reviews for Learning Pool.
Highlights
- Gamification Expertise
- Built-In Training
- Adaptable
Highlights
- Gamification Expertise
Interactive gamification helps to reinforce learning through knowledge application.
- Built-In Training
Efficient built-in training shortens time spent on training, keeping requirements simple.
- Adaptable
Authored content allows you to add your branding, change images, and edit colors and fonts, making the course content truly your own.
Achievements
ROI of L&D is critical if you want to ensure that you've made a good investment. Thankfully, their training library does exactly that. Plus, it is engaging, interactive, and accessible on any device. You'll also find plenty of material on leadership and management. Are you ready to prove the ROI of training? Check it out!
Kineo helps you deliver quantifiably better learning experiences and increase the value of your eLearning. Their "Design for Results" methodology ensures you get expertly crafted learning content backed by smart data to prove impact.
Are you looking for a results-driven approach to learning design?
No matter which industry you're in, Kineo is set to help you achieve business and people outcomes. Learn more here.
For Kineo reviews, don't forget to explore our directory.
Highlights
- Data-Driven Insights
- Design For Results Framework
- Kineo Analytics
Highlights
- Data-Driven Insights
Data sits at the heart of their learning solutions, helping you to demonstrate learning impact and make smarter design decisions.
- Design For Results Framework
Kineo has taken the best practices developed from designing thousands of learning solutions to craft a learner-centered design process. This systematic approach provides a solid connection between business outcomes and learner experiences.
- Kineo Analytics
Included as part of Kineo's learning design, Kineo Analytics is ready-to-go to collect, visualize, and analyze data to help you accelerate your data strategy.
Achievements
Kineo takes an "always on" approach to data and measurement. With a focus on the learning outcomes you want to achieve right from the start, they've helped hundreds of enterprise-scale clients to develop a robust and data-driven learning strategy.
Kashida create impactful eLearning that delivers results. They design engaging experiences, measure learning effectiveness, and help you prove the value of your training investment, whether you are a corporation or a nonprofit organization.
Check out how Kashida maximized impact for women leaders in their course with Nethope.
For Kashida reviews, make sure to visit our niche directory.
Highlights
- Learning Strategy
- Learning Design
- Learning Analytics
Highlights
- Learning Strategy
Bespoke strategies align training with ROI goals, ensuring every element contributes to measurable business outcomes.
- Learning Design
Engaging content designed to optimize learning outcomes. Learners retain knowledge better, leading to a demonstrably positive impact on your organizational objectives.
- Learning Analytics
Gain real-time insights. Their customized analytics tools allow you to quickly visualize and understand performance in real time.
Achievements
Women leaders in NetHope achieved a 95% completion rate for their mobile-friendly accessible leadership course. Kashida's inclusive multilingual learning environment with diverse characters and storytelling resonated authentically, fostering belonging and connection.
Cinecraft collaborates with some of the world's most well-known brands to enhance employee performance by developing superior custom learning solutions that deliver improved outcomes.
If you want to see some of Cinecraft's innovative and award-winning projects, click here.
For Cinecraft Productions reviews, feel free to visit our directory.
Highlights
- Scenario-Based Learning
- Simulation Training
- Fun Training Content
Highlights
- Scenario-Based Learning
Know you can allow employees to apply their knowledge with scenario-based learning.
- Simulation Training
Simulation development that allows employees to practice skills and behaviors.
- Fun Training Content
Gamification that provides a fun and engaging way to learn based on the employee's persona.
Achievements
Among the many Brandon Hall and DemoFest awards, the Cinecraft team is proud to have been honored by eLearning Industry as a Top Content Provider since 2017.
eLearning Industry's Company Selection Criteria
Globally recognized LMS experts, including C. Pappas and our Editorial team, did a thorough review of each vendor's eligibility. More specifically, we've checked each eLearning company's website and relevant published content, including articles, eBooks, and webinars, to reach a final conclusion.
Our committee ranked the best content providers that are experts in proving training ROI by focusing on the following 8 criteria:
- Company's economic growth potential
- Company's social responsibility
- Customer retention
- Customer reviews
- Employee turnover
- Learning industry innovation
- Quality of content development
- Expertise in learning solutions
On this top list, we've selected the best of the best when it comes to proving ROI for training and development. In case you want to outsource training for a custom project, all you have to do is take a look at our full directory of eLearning content providers. You'll find plenty of use cases that match your company's needs!
So, now that you've gone through this top list, don't forget to read our tips on how to prove training ROI and why it's important. We've gathered plenty of insights to help you understand the importance of measuring and proving the ROI of training. Plus, you'll get even more tips so that you can make the best decision when it comes to teaming up with a training company.
What Is Training ROI?
Training doesn't come cheap. That's why many companies are hesitant to start. And it's also the reason you can't easily get buy-in. Actually, measuring the ROI of training might be even harder than getting the budget in the first place. I get it.
Company management needs to know that the training budget is being well spent. For this reason, calculating training ROI (Return On Investment) can be the solution to getting bigger budgets for the years to come.
Is there an ROI formula for training? Well, the traditional way to do this is to have the program benefits (net profit) minus the training costs and then divide it by the program costs.
Here's the simple equation: Return (Benefit) / Investment (Cost) = ROI
But, as you already know, there's nothing simple about proving training ROI. Sure, you can use the above equation to indicate how many dollars you gain as a benefit for every dollar spent on a training program. Yet, there are so many KPIs and metrics you can focus on to actually prove that you're getting business results.
For example, you might like to focus on the payback period. Meaning that you can divide the total investment by the annual savings, expressed in years. This method works better with long-term metrics; for instance, if you want to improve staff retention levels or reduce healthcare costs among your workforce. Hence, those results can become more visible and accountable over a long time period. In fact, this is the reason why many companies prefer to calculate annual savings instead.
ROI is a useful way of measuring whether a particular training course or program offers value for money. But, as you must have figured out by now, calculating ROI isn't as simple as just knowing a formula.
Thankfully, all the content providers in this top list can help you measure the ROI of any training course or session.
Why Is It Difficult To Measure The ROI Of Your Training Programs?
When measuring the financial benefits of a training strategy, one needs to illustrate the economic gain or loss. At the same time, implementing a training program might have some potential benefits in marketing the program to new clients. So, leaders in today's competitive environment need to be using the results of training ROI to make decisions.
The ROI of training can give plenty of insights into whether the company should continue, revise, or stop the implemented training strategy. Also, there might be findings that can help develop a new, improved strategic business plan to increase the growth of organizational performance.
However, it's easier said than done. You see, plenty of organizations have difficulty measuring the ROI of their training programs.
The main challenges are:
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Unreliable ROI Tools And Methods For Training Programs
For some, calculating a realistic and accurate ROI might be expensive to generate, or it's either non-existent or unavailable. Not to mention that many factors influence the costs of online learning programs. Another issue is that it's difficult to make estimations that measure the worth of human behavior. And, of course, it's equally difficult to calculate the impact that training has on business results.
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Lacking Professional Knowledge And Organizational Support In ROI Measurement
Unfortunately, many performance professionals have no idea how to measure the ROI of their training programs. Be it a lack of skills in training evaluation, organizational support, or existing evaluation tools (limited to surveys), things can get tricky.
Have you been facing any of the above challenges when trying to prove training ROI? Worry not, because the training experts on this list have built innovative solutions to do just that. They can help you illustrate the impact training has on business goals and behavioral change.
Tips On Choosing A Content Provider To Prove ROI Of Training
There's no question that ROI is important in training and development. But what is a good ROI for a training program?
A successful training program helps participants acquire the intended knowledge, skills, attitude, confidence, and commitment to get their jobs done the best way possible. Also, an effective intervention means that learners can apply what they've learned into the workplace. And, of course, trainers and managers should know which targeted outcomes occur due to the training and support package applied. That's what the Kirkpatrick model is all about.
But there's more data to explore. You have to be able to know the degree to which your participants find the training favorable. Also, you need to see if it is engaging and relevant to their jobs. Hence, a training expert's approach to measurement must add depth and quality to the organizational drivers by focusing on quantity, quality, cost, and time.
When choosing a content provider to prove training ROI, here are some things to consider:
- Ability to identify skills gaps and organizational goals accurately
- Ensuring that the training meets your business needs
- Evaluating job behavior before and after training
- Learning analytics experience and evaluation skills
- Niche expertise, customer reviews, awards won
All the content providers in this top list can help you measure training and development with greater depth and clarity for better ROI. Most importantly, they know how to use training as a strategic business tool.
Summing Up
Spending a lot of money to provide training programs to improve employee performance is a practice implemented by many organizations. In fact, we've seen the investment in training programs increasing in the last decade. But there's always something holding some companies back. More often than not, upper management wants to justify the actual costs and benefits of training programs.
As you can understand, the Return On Investment becomes a key factor for all the stakeholders involved.
Since investment in training programs has been rapidly increasing, many senior managers demand measurements of ROI or financial benefits for such programs. However, existing evaluation methods are not adequate to measure ROI. In addition, most performance professionals do not know how to measure ROI.
So, how about your organization? I bet senior managers ask you to measure the ROI of training. Or at least show them the financial benefits of training programs. If you've never done this before, or if you need consultation on how to do it, you can always contact one of the top eLearning content development companies on this top list. They have hands-on experience and can share their ROI knowledge and experience with you.