{"id":5314,"date":"2017-05-23T13:26:02","date_gmt":"2017-05-23T13:26:02","guid":{"rendered":"https:\/\/www.getsmarter.com\/blog\/?p=5314"},"modified":"2025-09-22T13:11:05","modified_gmt":"2025-09-22T11:11:05","slug":"influence-roi-corporate-training-strategy","status":"publish","type":"post","link":"https:\/\/www.getsmarter.com\/blog\/influence-roi-corporate-training-strategy\/","title":{"rendered":"Influence your ROI with corporate training and development strategies"},"content":{"rendered":"

\"corporate<\/p>\n

If the money you\u2019re investing into the training and development<\/a> of your employees does not seem to be having the impact on company revenue you would\u2019ve hoped, it may be attributed to one thing: scrap learning.<\/strong><\/p>\n

This phrase simply refers to training and development that\u2019s taken onboard by employees but never applied to the job, which comes with high costs to the company.<\/p>\n

Skillsoft\u2019s VP, Global Customer Insight, Kieran King explains, \u201cThe failure of learning transfer costs companies millions of dollars a year in wasted expenditures and probably several times that in lost opportunities.\u201d<\/p>\n

Scrap learning occurs because employees are not focused on mastering a specific skill or gaining a specific learning outcome. Instead, they\u2019re attending skills development courses and training programmes because they’re expected to complete a certain number of professional development hours, and merely required to \u201cpass\u201d the course.<\/p>\n

But mastery<\/em> is more important than minutes<\/em>.<\/strong><\/p>\n

Turn your training into a competency-based learning experience<\/strong><\/h5>\n

Defined by the US Department of Education as \u201cany type of learning that allows learners to progress as they demonstrate mastery of academic content, regardless of time, place, or pace of learning\u201d2<\/sup>, a competency-based development and training strategy holds a number of benefits for both the employee and employer:<\/strong><\/p>\n