Project connects dots between T&D, profit

Showing return on investment convinces employers of T&D value
By Sarah Dobson
|Canadian HR Reporter|Last Updated: 04/17/2008

Business Development Bank of Canada (BDC) has always been a big believer in training, investing about five per cent of payroll into learning. Now the Crown corporation hopes to further the cause by participating in a government-sponsored project to substantiate the return on investment of training and encourage Canadian companies to invest more heavily in skills development.

“We know there’s a declining investment in training overall in Canada. And we know that has a big impact on growth productivity, so it’s sort of a win-win type of project to learn ourselves what a return-on-investment (ROI) project is all about,” said Jacinthe Higgins, director of learning strategies at Montreal-based BDC, which offers financing, business loans, consulting and venture capital to businesses.

“This is a great opportunity to learn what the methodology is all about, to demystify it, and to talk about it at the C-level, with statistics and financial wording, and make the connection between the investment you’ve done and the return you’re getting.”