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MRS ROI on CPD

Date post: 29-May-2015
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This presentation was given at a CPD evening event at MRS and was intended for anyone interested in finding out more about CPD and hearing from industry experts on why CPD is essential in our knowledge based industry and how MRS CPD enables you not only to demonstrate what you know, what you can do and enables you to make the best of your career; it can also be of great benefit to employers establishing frameworks for recognising employee achievements.
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Professional Development: Why bother? MRS CPD Event 8 th October 2014 Karen Adams
Transcript
Page 1: MRS ROI on CPD

Professional Development: Why bother?

MRS CPD Event8th October 2014

Karen Adams

Page 2: MRS ROI on CPD

• What difference will this make?

• What will you do with this?

• What do you hope to get out of the event?

• Why did you come to this event?

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Page 3: MRS ROI on CPD

What IS ROI?

Return on Investment

=

£made - £spent = return

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Page 4: MRS ROI on CPD

What IS ROI?

Return on Investment

=

Was ‘it’ worth it in terms of impact?

How do you know?

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Page 5: MRS ROI on CPD

How does it work?

Level Need Objective Measurement

4. Impact • What is the problem/ opportunity?

• What will the change be – and by when?

Where is the evidence of change?

3. Application • Who needs to be doing what differently or better to address this?

• What will people be doing as a matter of course, and by when?

How will you know this is happening?

2. Learning • Who needs to learn what for that change to happen?

• What will people know/be able to do – and by when?

How will you know this has been achieved?

1. Engagement • Who needs to be engaged and how for the learning to be successful?

• How engaged do people need to be by the intervention – and what will they do as a result?

How will you know how people feel about the effectiveness of the intervention?

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Page 6: MRS ROI on CPD

It’s all in the planning

• Knowing what you want to achieve – precisely

• Knowing what actions you need to take to get there

• Knowing what you need to learn to be able to do this

• Knowing the best way of getting that information or those skills

• And knowing how to measure success at each stage

• An adaptation of a very well-established evaluation framework (Kirkpatrick) – but developed as a planning tool.

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Page 7: MRS ROI on CPD

On an individual level

Level Need Objective Measurement

4. Impact • I want to get a senior researcher role

• Within 9 months I will be promoted

New job!

3. Application • I need to demonstrate I have the skills needed by an SR in my organisation

• Within 6 months I will be routinely carrying out some SR tasks

Through appraisal, inclusion in team reports

2. Learning • I need to identify which additional skills I need – and to get them

• Within 3 months I will have evidenced that I know – and can do -higher-level tasks

Work diary?Appraisal?

1. Engagement • I need to speak with my manager about work shadowing, and going on training relevant to L2

• Work shadowing has me helped to identify skills needed and start to work on them

Learner diary?

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Page 8: MRS ROI on CPD

On an organisational level

Level Need Objective Measurement4. Impact • We need to increase business

coming in by 10%• This year we’ll report 10%

increase in winning tenders

Business reports

3. Application • More researchers to be drafting winning proposals

• Managers approving rather than drafting

• All who are writing tenders have at least one winning tender.

• Managers spending less time drafting/revising

Business reportsFeedback from managers

2. Learning • Researchers need to know what makes a proposal a ‘winner’ and feel confident they can write one

• Managers need to know what makes a winning proposal

• All researchers in pool will have produced one draft which needs only minor changes

Feedback from assessed proposals

1. Engagement • Researchers need to see that this learning is important. Managers need to agree that this is worthwhile.

• Both groups need to know how they are going to apply this learning

• Managers and researchers rate learning at least 4 out of 5 on relevance and importance

• Managers and researchers identify at least two actions to take

Post learning questionnaires and action plans

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Page 9: MRS ROI on CPD

What’s needed to make this work?

Employers need to be able to….. Individuals need to be able to…….

• identify the skills needed to meet their objectives

• recognise and value the skills their employees have - and deploy these effectively

• Identify where any gaps in skills• understand how learning addresses

skills gaps – and the evidence needed to show this has been achieved

• articulate the skills & knowledge they have and how these link to their objectives

• identify the additional knowledge & skills they need – and how to acquire these

• demonstrate that they have gained – and can apply – the new, needed skills

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All this depends on a shared understanding of:• the knowledge and skills needed, and how these can be measured• how these can be developed - and assessed - most effectively • the environment needed to enable people to apply their skills

Page 10: MRS ROI on CPD

• What difference will this make?

• What will you do with this?

• What do you hope to get out of the event?

• Why did you come to this event?

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What can you tell me about this slide?

Page 11: MRS ROI on CPD

For further information

For more information about learning and qualifications in the application of return on investment methodology see

www.abdi.eu

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