Which of the following is the best option for measuring the monetary value of a...

 Definition of ROI in Training Programs:

ROI measures the monetary benefits gained from a training program compared to its costs, expressed as a percentage. It is calculated using the formula: ROI=(TotalBenefits−TotalCosts)TotalCosts×100ROI = \frac{(Total Benefits - Total Costs)}{Total Costs} \times 100ROI=TotalCosts(TotalBenefits−TotalCosts)​×100

 Why ROI is the Best Option:

ROI provides a comprehensive view of both direct and indirect financial outcomes of training, such as productivity increases, error reduction, or improved employee retention.

It enables decision-makers to evaluate whether the training aligns with organizational goals and justifies the investment.

 Eliminating Incorrect Options:

A. Cost-benefit analysis: Focuses on comparing costs to benefits but does not provide a direct monetary value or percentage.

B. Learning program costs: Tracks expenses but does not assess program effectiveness.

C. Learning management system (LMS): Refers to a platform for delivering and managing training but does not measure monetary outcomes.

 International HR References:

Kirkpatrick Model of Training Evaluation: Includes ROI as part of Level 4 evaluation for training impact.

ASTD Guidelines: Best practices for calculating ROI in employee development programs.