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Purpose-built for fair and honest ROI results. LDImpact gives you 2 powerful analyses to use based on your needs. Please read about them below.
What kind of development are you measuring? Choose one to see guidance tailored to it.
| 2 Powerful Analyses | ||
|---|---|---|
| Simple Estimate | Controlled Comparison | |
| Why do it? | It puts a real dollar figure on the impact of development. So, instead of hoping L&D looks good in a high-stakes meeting, you walk in with proof it pays for itself. | It gives the business a number that holds up under scrutiny. You get unquestionable proof the results came from the development program, not just from a good quarter everyone was already having. |
| How does it work? | It looks at your development group's numbers before and after and shows you exactly how much they improved business performance. | It compares two groups — people who went through the development and people who didn't — to show precisely how much of the business impact is due to it. |
| What do you need to consider? | You can run it with any size group. Whether you have 10 people who went through the development program or 10,000, the statistical math LDImpact uses will produce reliable results. | Before starting it, ensure you have at least 600 employees in total for this analysis: 300 in the development group and 300 in the comparison group. Always keep your two groups roughly the same size to ensure a fair and reliable comparison. LDImpact's statistical math running behind the scenes requires these larger, equal-sized groups to deliver accurate results. |
As you work through the steps to prepare your business impact analysis, you’ll need to gather some data from your organization. This happens when you get to Step 2 and select the KPI for analysis. A “Data Collection Instructions & CSV Templates” panel will appear on the right. The resources in that panel provide everything you need to get the data required. In Step 2, there’s also a button that appears to watch a quick video demonstrating the data collection process.