Calculate Your Training ROI
Use this ROI calculator to estimate your company’s potential return with Interplay’s award-winning technical training platform, SkillMill. Estimate the ROI of reducing employee turnover, callbacks, training costs, and ramp time.
To get started, complete the general inputs below or talk to one of our experts.
How to Fill Out the ROI Calculator Like a Pro
Need more help? Read this walkthrough.
1
Tailor the Results
We’ve pre-populated answers for you based on our expertise, but please adjust these to customize the results.
2
Year 1 and Year 2
Many customers experience continued savings in the second year. You have the option to adjust your numbers for year 2.
3
Training Costs
You may pay additional training expenses such as travel for your technicians. Be sure to add these costs.
ROI Calculator
ROI
Total Value Created - Per Location
| Year 1 | Year 2 | Total | |
|---|---|---|---|
| Reduction in In-House Classroom Training Costs | $ | $ | $ |
| Reduction in Callbacks | $ | $ | $ |
| Improved Technician Retention | $ | $ | $ |
| Improved Service Manager Retention | $ | $ | $ |
| Improved Ramp Time | $ | $ | $ |
| Total | $ | $ | $ |
Total Value Created - Per Learner
| Year 1 | Year 2 | Total | |
|---|---|---|---|
| Reduction in In-House Classroom Training Costs | $ | $ | $ |
| Reduction in Callbacks | $ | $ | $ |
| Improved Technician Retention | $ | $ | $ |
| Improved Service Manager Retention | $ | $ | $ |
| Improved Ramp Time | $ | $ | $ |
| Total | $ | $ | $ |
ROI
| Year 1 | Year 2 | Overall | |
|---|---|---|---|
| ROI | x | x | x |
Value Created and ROI (over two years)
| Total Cost | Total Value Created | Net Value Created | |
|---|---|---|---|
| Per Learner over Two Years | $ | $ | $ |
| Per location over Two Years | $ | $ | $ |
| Two-Year Total | $ | $ | $ |
| Annual Total | $ | $ | $ |
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Boosting Your Bottom Line: Maximizing Training ROI
In this ebook, we explain why training ROI is essential for companies, discuss costs associated with inadequate training, suggest ways to track training ROI for your program and share inspiring examples of companies like yours that have achieved impressive business outcomes by investing in Interplay.
Transform Your Organization
Quality technical training is a crucial investment for skilled trades businesses. From onboarding and compliance to upskilling and cross-training, a well-designed training program can streamline your operations, boost profits and help your company achieve overall success.
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If you need help maximizing your training investment or creating a business case for your company, we’re happy to help.
