The ROI of Mentoring, Coaching, and Other Employee Development Programs
It’s no secret that organizations that invest in their employees are top performers. Programs like mentoring and coaching are increasingly popular methods for developing an organization’s talent pool. But how do you know whether these programs are effective in improving organizational performance? And how do you know if your investments are paying off and providing an ROI of mentoring, coaching, or onboarding programs?
It turns out there are a number of important factors to consider when calculating your program’s ROI: retention, engagement, advancement, program costs, and behavioral change. We invite you to read this ebook to learn the important factors to consider in calculating your organization’s return on investment. As a bonus, see the readiness checklist at the end to get your ROI calculation started!
- The five elements you should measure when calculating ROI and why you should measure them
- Top research facts on investing in your workforce
- Sample calculations for calculating the ROI of mentoring, coaching, and onboarding
- An ROI readiness checklist