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Return on Learning (ROL):
More Than a Boring Statistic
      Thursday, July 19, 2012
         3:45 – 4:45 p.m.
Tweet! Tweet!
@AaronWolowiec of
#EventGarde is discussing
return on learning at the
2012 #ISAEConvention.
#gameon #awesome #rockstar
Fast Forward
Before the Conference
Learning Goals       Relationship Goals
• Knowledge/skills   • Needs/insights
• Agenda/program     • Qualify contacts
• Distractions       • Reciprocity
During the Conference
• Breakouts         •   Networking breaks
• Hallway           •   Meals/receptions
  conversations     •   Keynotes
• Back of the Napkin•   Special events
 (see: DanRoam.com)
                    •   Social media
Write down all potential action items.
After the Conference
• Review notes
• Categorize ideas
  – Doable*
  – Significant payoff**
• Refine ideas
• Implement ideas
• Accountability
Road Map
•   ROI vs. ROL
•   Case studies
•   “What’s in it for me?”
•   Learning organizations
•   Discussion
•   Wrap-up
Return on Investment (ROI)
• A performance measure used to evaluate
  the efficiency of an investment.

        Revenue – Investment
• ROI =                      X 100
            Investment
Return on Learning (ROL)
• A derivative of ROI used to evaluate the
  efficiency of an organization’s learning
  investments.

        Total Benefit – Total Cost
• ROL =                            X 100
                Total Cost
Case Study: ISAE Convention
Training Costs         Perceived/Actual Benefits
• Registration fees    • Session content
• Training materials       – Tools
• Transportation           – Technologies
   – Mileage               – Processes
   – Parking           •   Association contacts
• Lodging              •   Supplier contacts
• Meals                •   Best practices
• Opportunity costs    •   Skill development
Case Study: ISAE Convention
Short-term Value   Long-term Value
• Contacts         • Strategy
• Ideas            • Tactics
• Goals            • Products
• Objectives       • Services
                   • Profit
Case Study: NSA Convention
Costs for attending the meeting         = $ 2,000
Total benefits from ideas implemented   = $ 10,000
• 3 bookings at $2,500 each             • = $ 7,500
• 6 months of increased product sales   • = $ 2,000
• Savings on printing with new vendor   • = $ 500
             $10,000 - $2,000
       ROL =                  X 100 = 400%
                  $2,000
“What’s in it for me?”
• Volume of education programs
• Important to:
  – Understand ROL
  – Leverage ROL
• Outcomes:
  – Perceived value
  – Program attendance
  – Bottom line
Examples Courtesy:
Preliminary Program
for the AHCA/NCAL
63rd Annual
Convention & Expo
Tips for Maximizing Staff ROL
1. Development plans:
  – Individualized for each employee
  – Specific leadership competencies
  – Position, team, organization and profession
2. Management champions:
  – Support employee learning
3. Application of learning:
  – Classroom, workplace and relationships
Learning Organizations
•   Improved decision-making skills
•   Future cost savings
•   Increased productivity
•   Higher quality work
•   Better efficiency
Staff Learning Investments
• The right thing to do.
• Effects on business performance are
  cumulative.
• Financial return on investment.
• Multidimensional return:
  – Culture
  – Reputation
  – Productivity
Deficient Learning Practices
•   Poor quality
•   Inefficiency
•   Low staff morale
•   Communication issues
•   Turnover
•   High recruitment costs
Food for Thought
1. How does your organization leverage
   ROL when marketing programs and
   events?

2. How does your organization support
   the process of continuous learning?
Wrap-up
• Learning/aha moments
• Facebook or
  business card:
  – Slide deck
• Consulting coupons:
  – Planner: $500
  – Supplier: $250
Content Resources
• NSA, Learning Goals and ROA. (2012).
  www.mynsa.org/portals/0/documents/
  ROA.pdf
• Return on Learning (ROL): More Than a
  Boring Statistic. (2012).
  www.aaronwolowiec.com
• Case studies courtesy of:
  ISAE, MSAE, MACPA, NSA, AHCA and
  NCAL.
Contact Information
Aaron D. Wolowiec
MSA, CAE, CMP, CTA
Founder & President
Event Garde LLC
Phone: (616) 710-1891
Email: aaron@eventgarde.com
Web: www.eventgarde.com
Facebook: www.facebook.com/EventGardeLLC
Return on Learning (ROL): More Than a Boring Statistic

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Return on Learning (ROL): More Than a Boring Statistic

  • 1. Return on Learning (ROL): More Than a Boring Statistic Thursday, July 19, 2012 3:45 – 4:45 p.m.
  • 2. Tweet! Tweet! @AaronWolowiec of #EventGarde is discussing return on learning at the 2012 #ISAEConvention. #gameon #awesome #rockstar
  • 4. Before the Conference Learning Goals Relationship Goals • Knowledge/skills • Needs/insights • Agenda/program • Qualify contacts • Distractions • Reciprocity
  • 5. During the Conference • Breakouts • Networking breaks • Hallway • Meals/receptions conversations • Keynotes • Back of the Napkin• Special events (see: DanRoam.com) • Social media Write down all potential action items.
  • 6. After the Conference • Review notes • Categorize ideas – Doable* – Significant payoff** • Refine ideas • Implement ideas • Accountability
  • 7. Road Map • ROI vs. ROL • Case studies • “What’s in it for me?” • Learning organizations • Discussion • Wrap-up
  • 8. Return on Investment (ROI) • A performance measure used to evaluate the efficiency of an investment. Revenue – Investment • ROI = X 100 Investment
  • 9. Return on Learning (ROL) • A derivative of ROI used to evaluate the efficiency of an organization’s learning investments. Total Benefit – Total Cost • ROL = X 100 Total Cost
  • 10. Case Study: ISAE Convention Training Costs Perceived/Actual Benefits • Registration fees • Session content • Training materials – Tools • Transportation – Technologies – Mileage – Processes – Parking • Association contacts • Lodging • Supplier contacts • Meals • Best practices • Opportunity costs • Skill development
  • 11. Case Study: ISAE Convention Short-term Value Long-term Value • Contacts • Strategy • Ideas • Tactics • Goals • Products • Objectives • Services • Profit
  • 12. Case Study: NSA Convention Costs for attending the meeting = $ 2,000 Total benefits from ideas implemented = $ 10,000 • 3 bookings at $2,500 each • = $ 7,500 • 6 months of increased product sales • = $ 2,000 • Savings on printing with new vendor • = $ 500 $10,000 - $2,000 ROL = X 100 = 400% $2,000
  • 13. “What’s in it for me?” • Volume of education programs • Important to: – Understand ROL – Leverage ROL • Outcomes: – Perceived value – Program attendance – Bottom line
  • 14.
  • 15. Examples Courtesy: Preliminary Program for the AHCA/NCAL 63rd Annual Convention & Expo
  • 16. Tips for Maximizing Staff ROL 1. Development plans: – Individualized for each employee – Specific leadership competencies – Position, team, organization and profession 2. Management champions: – Support employee learning 3. Application of learning: – Classroom, workplace and relationships
  • 17. Learning Organizations • Improved decision-making skills • Future cost savings • Increased productivity • Higher quality work • Better efficiency
  • 18. Staff Learning Investments • The right thing to do. • Effects on business performance are cumulative. • Financial return on investment. • Multidimensional return: – Culture – Reputation – Productivity
  • 19. Deficient Learning Practices • Poor quality • Inefficiency • Low staff morale • Communication issues • Turnover • High recruitment costs
  • 20. Food for Thought 1. How does your organization leverage ROL when marketing programs and events? 2. How does your organization support the process of continuous learning?
  • 21. Wrap-up • Learning/aha moments • Facebook or business card: – Slide deck • Consulting coupons: – Planner: $500 – Supplier: $250
  • 22. Content Resources • NSA, Learning Goals and ROA. (2012). www.mynsa.org/portals/0/documents/ ROA.pdf • Return on Learning (ROL): More Than a Boring Statistic. (2012). www.aaronwolowiec.com • Case studies courtesy of: ISAE, MSAE, MACPA, NSA, AHCA and NCAL.
  • 23. Contact Information Aaron D. Wolowiec MSA, CAE, CMP, CTA Founder & President Event Garde LLC Phone: (616) 710-1891 Email: aaron@eventgarde.com Web: www.eventgarde.com Facebook: www.facebook.com/EventGardeLLC

Editor's Notes

  1. Six months from todayYou find your notes from this eventYou start to recall all the things you learnedYou realize you didn’t implement any of them
  2. The value proposition of your annual signature program is based upon the intersection of conference learning (unique for each attendee) with the mission and vision of that participant’s organization.Think in terms of what your members need/want the most.
  3. Uncover innovative ways to calculate and market ROL for their own events.