Proven ROI
ELT ROI Case Study
Prior to training with ELT courses, a client averaged 110 employment-related claims annually between 1995 and 1998. In 1998, the client implemented ELT’s ongoing training program. After the training, the client independently commissioned a study to determine the ROI of the training program.
After the program's introduction, the client experienced a 42% reduction in the number of claims per year – from their previous average of 110 to 64. Excluding settlement and award costs, the client calculated a hard cost savings of $2.2 million dollars per year.
The complete savings and return on investment are calculated below:
- Note: Apx. 25% of claims go to trial.
- Difference of 28 (25% of 110) and 16 (25% of 64) = 12 claims avoided going to trial.
Cost Component Amount and ROI
Description |
Amount |
Qty |
Total Cost |
|---|---|---|---|
|
Attorneys Fees |
$250,000 |
12 |
$3,000,000 |
|
Settlement costs or jury awards |
$150,000 - $250,000 |
12 |
$1,800,000 - $3,000,000 |
|
Attorney's fees for claims settled prior to trial |
$95,000 |
34 |
$3,230,000 |
|
Settlement costs of claims settled prior to trial |
$150,000 to $250,000 |
34 |
$5,100,000 to $8,500,000 |
|
Total Annual Hard Costs Saved By Claim Reduction |
|
|
$13,130,000 to $17,730,000 |
|
Annual cost of training program |
|
|
$100,000 |
RETURN ON INVESTMENT |
|
|
11,350% to 17,730% |
