Determining return on investment for training using simple regression: a hypothetical case study for the health care industry.
Wisely allocating financial resources is essential to the success of every health care organization. Therefore, health care managers must be able to determine if dedicating the necessary funds for employee training results in an adequate return on investment. This case study examines how training programs can be evaluated in terms of business results and describes one method, simple regression analysis, that health care managers may use to help determine if the training was financially beneficial to the organization.
Collins
Sandra K
SK
College of Applied Sciences and Arts, School of Allied Health, Southern Illinois University Carbondale, IL 62901, USA. skcollin@siu.edu
Collins
Kevin S
KS
Jensen
Steven C
SC
D003362:Cost-Benefit Analysis / Q000706:statistics & numerical data; D006268:Health Facilities; D007318:Inservice Training / Q000191:economics* / Q000592:standards; D019982:Organizational Case Studies; D015397:Program Evaluation / Q000379:methods / Q000706:statistics & numerical data; D012044:Regression Analysis