Talent Education and Development: Four Ways to Connect ROP and ROI for C-Suite Audiences (Part 1)
We often hear about the importance of return on investment (ROI) for business projects and initiatives. After all, ROI is the language and focus of C-Suite. However, traditional ROI frameworks have not always neatly accommodated the philosophy, practices or metrics and reporting capabilities of human resources (HR) leaders. On a parallel and supporting track, HR leaders are instead focused on return on people (ROP) for the benefit of the organization. The good news is that clearer, more integrative people investment strategies are on the rise. These are strategies that:
i. Include educational investment; and
ii. Are tied to both individual and organizational success and sustainability.
Here are some key considerations for effectively tying ROP with ROI and the bottom line to show the value of investing in the educational development of talent and resulting creation of innovative and sustainable workplace cultures.
1. Know Your Audience: Speak The Local Language
Have you ever seen someone who spoke a foreign language and was seeking help from a country’s native? Did you also happen to notice a comical exchange where the native speaker responded in a very loud voice – erroneously assuming if he or she spoke loudly enough, it somehow would transcend the language barrier? Well, that doesn’t actually work in real life.
In real life, C-Suite needs to see the data and metrics tied to both results and broader organizational strategies.
To effectively connect ROI and ROP:
- HR professionals must clearly demonstrate how the investment in the educational, leadership and other employee development initiatives will build a better, stronger, longer-lasting organization.
- Connect the dots for your audience. Don’t make your audience learn your language. Understand their pain points. Use their forms of storytelling and graphical representations, their terminology, their vision, strategy and objectives and their priorities as the basis to weave and deliver your integrated message and strategies. You’ll not only get their attention, but also create more fertile ground for engagement, participation and buy-in by senior leadership and other key stakeholders.
This is the first of a two-part series by Michelle Maldonado exploring the connection between ROI and ROP for the purposes of developing long-term partnerships between higher education institutions and corporations. Click here to read the conclusion, outlining Maldonado’s final three points.
– – – –
 WalmartOne, “Lifelong Learning – APU,” Walmart. Accessed at https://us.walmartone.com/en/walmart/benefits/education/lifelong-learning/ (Click for screenshot)
Author Perspective: Administrator