Return on Investment: A Cost-Effectiveness Measure for the Texas' Workforce System.

Autor/inn/en	Norris, Davy N.; King, Christopher T.
Institution	Texas Univ., Austin. Center for the Study of Human Resources.
Titel	Return on Investment: A Cost-Effectiveness Measure for the Texas' Workforce System.
Quelle	(1997), (13 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Adult Education; Comparative Analysis; Cost Effectiveness; Employment Programs; Employment Services; Evaluation Criteria; Evaluation Methods; Expenditure per Student; Investment; Job Training; Labor Force Development; Outcomes of Education; Postsecondary Education; Program Costs; Program Effectiveness; Program Evaluation; State Programs; Statewide Planning; Vocational Education; Texas + Suchen Sie Ihr Suchwort? Adult; Adults; Education; Adult basic education; Adult training; Erwachsenenbildung; Kosten-Nutzen-Analyse; Kosten-Nutzen-Denken; Employment program; Employment programme; Employment programmes; Beschäftigungsprogramm; Employment service; Arbeitsvermittlung; Investments; Geldanlage; Investiton; Berufsqualifizierender Bildungsgang; Arbeitskräftebestand; Lernleistung; Schulerfolg; Post-secondary education; Tertiäre Bildung; Programme evaluation; Programmevaluation; Regierungsprogramm; Planwirtschaft; Ausbildung; Berufsbildung
Abstract	Texas is developing a return-on-investment (ROI) measure to assess the cost-effectiveness of work force programs. Emphasis is on issues related to conducting cross-program ROI analysis at the level of the Local Workforce Development Board (LWDB) in career or one-stop centers. To make the most appropriate and effective use of ROI, the following must be determined: how the measure is to be calculated; which benefits and costs can and will be accounted for; how they are to be measured; from which perspective the measure will be calculated; and what time period will be covered. A study of the use of ROI with Job Training Partnership Act (JTPA) adult and youth training programs identified five benefits: simplicity of interpretation; low cost of measurement; usefulness as a local marketing tool; ability to improve communications with private industry councils; and ability to best allocate resources. Five limitations were also found: lack of control group for determining net impact of training services; lack of a consistent methodology for comparing returns across local providers; non-JTPA services for which ROI models assume credit; nonmonetary benefits that were not accounted for; and limited availability of data. Key issues in conducting cross-program ROI analysis of Texas' work force development programs at the LWDB level are as follows: purpose, perspective, net or gross measurement, within- or cross-program, benefit measurement, cost measurement, and timing of measurement. Steps have been recommended for implementing an ROI measure. (YLB)
Erfasst von	ERIC (Education Resources Information Center), Washington, DC