Are you currently reviewing your training budget and activity from 2014 and wondering what was your return on investment?
America spends $160bn on training every year. However their best research suggests that up to 90% of this training is not used back at work. Why? It’s because of a thing called the training transfer system. This system is a bundle of factors that help or hinder people as they carry a piece of learning from the training environment and try to apply it back in the work environment. We are talking about things such as;
- Is the boss interested?
- Is this training relevant to my job?
- Is it easy to apply?
- Will I have the time, opportunity and resources to apply it?
The training transfer system comprises 20 factors and these factors change in importance from setting to setting – which means organisations are always chasing a moving target. Faced with the tough task of managing all 20 factors, many companies just give up and, thus, a lot of training just doesn’t get applied.
Wouldn’t it be great if there was a way to identify in each organisation the one or two factors that made the critical difference? Wouldn’t organisations love to discover and manage carefully the factors that give them greater bang for their training buck?
Well, there is, and they can.
Paul Donovan has developed a new tool called STAR. STAR is a cloud based solution that helps organisations to quickly and efficiently identify the factors which cause effective training transfer. STAR will save organisations the earth by ensuring greater ROI from training.
Date: 19th January 2014
Duration: 9.00 until 10.30 am
Fees: Free to Summit Finuas Network Members
Location: Ibec, 84-86 Lower Baggot St, Dublin 2.
Book Your Place: email email@example.com
About the Presenter – Paul Donovan, MSc. Mgmt. MSc. T & L, D. Soc. Sci.
Dr Paul Donovan is Principal Researcher at the School of Business, Maynooth University. He has just completed a one year term as Head of School and since 2009 has been Director of Teaching and Learning there.
He was previously Registrar and Head of Management Development at Irish Management Institute (IMI) specialising in Management Development where he delivered hundreds of management development programmes to thousands of participants across the globe.
Before joining IMI he worked as a general operations manager with Bord na Mona, the Irish Peat Development Authority. He was also Training and Development Manager of the Bord na Mona group.
Paul has delivered executive development programmes in over 15 countries. He has written several peer reviewed articles, over 10 books in training and general management. He has contributed a column to HRD magazine for over 13 years.
His research interest is the transfer of training and he’s received €278,000 from Enterprise Ireland to construct a web based tool to maximise transfer of learning from training programmes back into the workplace. Paul holds two masters degrees from Trinity College Dublin and a doctorate from Leicester University.