{"id":2011,"date":"2017-11-03T20:27:01","date_gmt":"2017-11-03T20:27:01","guid":{"rendered":"https:\/\/www.englandlogistics.com\/?p=2011"},"modified":"2018-07-31T21:30:19","modified_gmt":"2018-07-31T21:30:19","slug":"return-on-value","status":"publish","type":"post","link":"https:\/\/www.englandlogistics.com\/return-on-value\/","title":{"rendered":"Return on Value (ROV): Measuring the Impact of Developing People"},"content":{"rendered":"
Return on Investment (ROI)<\/a> is a widely accepted metric when it comes to measuring financial benefits received from the use of resources. However, I\u2019ve come to question the accuracy – and even the integrity – of using it in measuring the impact\u00a0from developing people. Even with the most complex calculations, it is virtually impossible to account for and extract the impact of the variables that contribute to the financial gains from developing people. Instead, I\u2019ve come to realize that return on value (ROV) is a much more accurate and transparent measure of impact or benefit received, particularly when assessing development activities. Please permit me to explain.<\/p>\n Let\u2019s start by clarifying the distinction between ROI and ROV (I\u2019ll simply refer to it as value). The simplest explanation is that they are related, just like the rectangle and the square. Remember the distinction taught in elementary school?<\/p>\n <\/p>\n <\/p>\n The key is clearly defining the value being sought from a given utilization of resources.<\/p>\n In the case of an investment in developing people, the steps to defining and achieving the desired Return on Value are as follows:<\/p>\n <\/p>\n <\/p>\n Typically when developing people, the desired outcome is defined as a measurable improvement in performance through results and\/or behavior, capability or capacity.<\/p>\n <\/p>\n <\/p>\n Return on Value is the model we use at England Logistics to measure the effectiveness of each stage of developing people. Ultimately, it results in ROI and positive EBIT. How are you identifying, measuring and ensuring a return on value for your organization?<\/p>\n \u2013\u00a0Wayne Davis<\/a>,\u00a0VP of Talent Development<\/a><\/p>\n <\/p>\n ###<\/p>\n <\/p>\n As a Talent Management\/HR executive with over 20 years of talent and human resource management experience, I strive to deliver value generating services to internal and external clients. This has provided me with the ability to lead or influence people in developing solutions to achieve higher levels of measurable success. My professional interests are targeted toward helping clients achieve their optimum performance through people solutions.<\/p>\n http:\/\/hrelevated.blogspot.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Return on Investment (ROI) is a widely accepted metric when it comes to measuring financial benefits received from the use of resources. However, I\u2019ve come to question the accuracy – and even the integrity – of using it in measuring the impact\u00a0from developing people. Even with the most complex calculations, it is virtually impossible to… Read more »<\/a><\/p>\n","protected":false},"author":4,"featured_media":2018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"libsyn-item-id":0,"libsyn-show-id":0,"libsyn-post-error":"","libsyn-post-error_post-type":"","libsyn-post-error_post-permissions":"","libsyn-post-error_api":"","playlist-podcast-url":"","libsyn-episode-thumbnail":"","libsyn-episode-widescreen_image":"","libsyn-episode-blog_image":"","libsyn-episode-background_image":"","libsyn-post-episode-category-selection":"","libsyn-post-episode-player_use_thumbnail":"","libsyn-post-episode-player_use_theme":"","libsyn-post-episode-player_height":"","libsyn-post-episode-player_width":"","libsyn-post-episode-player_placement":"","libsyn-post-episode-player_use_download_link":"","libsyn-post-episode-player_use_download_link_text":"","libsyn-post-episode-player_custom_color":"","libsyn-post-episode-itunes-explicit":"","libsyn-post-episode":"","libsyn-post-episode-update-id3":"","libsyn-post-episode-release-date":"","libsyn-post-episode-simple-download":"","libsyn-release-date":"","libsyn-post-update-release-date":"","libsyn-is_draft":"","libsyn-new-media-media":"","libsyn-post-episode-subtitle":"","libsyn-new-media-image":"","libsyn-post-episode-keywords":"","libsyn-post-itunes":"","libsyn-post-episode-itunes-episode-number":"","libsyn-post-episode-itunes-season-number":"","libsyn-post-episode-itunes-episode-type":"","libsyn-post-episode-itunes-episode-title":"","libsyn-post-episode-itunes-episode-author":"","libsyn-destination-releases":"","libsyn-post-episode-advanced-destination-form-data":"","libsyn-post-episode-advanced-destination-form-data-enabled":"","libsyn-post-episode-advanced-destination-form-data-input-enabled":false,"libsyn-post-episode-premium_state":"","libsyn-episode-shortcode":"","libsyn-episode-embedurl":"","footnotes":""},"categories":[375],"tags":[],"yoast_head":"\nA square is a rectangle, but a rectangle is not a square. Similarly, ROI is a form of value, but not all value takes the form of ROI.<\/h3>\n
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Once the specific value is achieved, it is in the hands of the individual and his\/her leader to channel the improvement into additional value as defined at that level of contribution and impact.<\/h3>\n