Evaluating impact
Of course, the challenge for L&D leaders does not end with program delivery. Evaluation is always critical to assessing return on investment (ROI) and identifying improvements for subsequent cohorts.
A definitive approach to measuring ROI remains the holy grail of leadership development. The most useful approach may be to build up a composite picture, drawing on multiple inputs. Tracking learners’ career progression can offer an indicator of impact over time, for instance. Employee engagement and retention are also useful metrics against the current background of a technical skills shortage, alongside broader measures of business performance.
New technologies can also be harnessed to enhance this assessment process. L&D leaders can use Generative AI, for instance, to question program participants in a naturalistic way about, for example, the benefits of a particular presentation’s content versus the inspirational influence of a talented educator.
Even with such tools, there is still a strong case for L&D leaders to be “in the room,” whether in a virtual classroom or on-site. There is no substitute for witnessing firsthand the dynamics of a learning experience as it unfolds.
The demand for high-impact leadership development delivered at scale and speed, is challenging CHROs and L&D leaders, and their learning delivery partners, to enhance the learning experience across all its dimensions. By understanding and respecting leaders’ needs and blending traditional learning models with powerful new technologies, they are more than capable of rising to the challenge.