Professional and Organizational Development Network in Higher Education
To Improve the Academy: A Journal of Educational Development
Evaluating the Return on Investment of Faculty Development
License: CC BY-NC-ND
Abstract
How can the return on investment of faculty development be determined? One way to do this is through the application of a highly replicated and reported return on investment (ROI) process. This chapter reviews briefly an ROI process used by organizations throughout the world, a process that has been the basis for over 100 published studies and is the most validated and reported ROI process used for determining the monetary impact of learning. The process utilizes a five-level framework and a step-by-step ROI process model. These components are reviewed in this chapter and an example of return on investment based on student retention in a Freshman Seminar Program is explained.
This paper has been withdrawn.