eLearning ROI & Waste Calculator
by anonymous
what is eLearning ROI & Waste Calculator
A strategic financial tool for L&D professionals to estimate the true cost of eLearning delivery and visualize the potential financial loss caused by the "Forgetting Curve" and poor knowledge retention.
How to use eLearning ROI & Waste Calculator?
Step 1: Input Your Core eLearning Investment
Enter the total cost of your eLearning program. This includes content development, platform/LMS fees, instructor costs, and any other direct expenses. This sets the baseline for your investment.
Step 2: Define Your Audience & Delivery Scale
Specify the number of learners and the average employee salary (or hourly rate) for your target audience. This data helps calculate the cost of learner time spent in training.
Step 3: Estimate Knowledge Retention & The Forgetting Curve
Adjust the sliders to reflect your estimated knowledge retention rate (e.g., after 30, 60, 90 days) based on your program's design and reinforcement strategies. The calculator uses this to model the 'Forgetting Curve' impact.
Step 4: Calculate & Visualize Your ROI & Waste
Click 'Calculate'. Instantly see your estimated Return on Investment (ROI) percentage and a clear visualization of the potential financial waste—the monetary value of forgotten or unapplied knowledge—caused by poor retention.
Step 5: Analyze & Strategize
Review the detailed breakdown. Use the insights to identify cost drivers, justify investments in better learning design or reinforcement tools, and build a business case for improving knowledge retention.