{"id":61760,"date":"2022-06-15T13:26:18","date_gmt":"2022-06-15T13:26:18","guid":{"rendered":"https:\/\/explore.local\/2022\/06\/15\/calculate-roi-upskilling\/"},"modified":"2025-04-04T20:00:26","modified_gmt":"2025-04-04T20:00:26","slug":"calculate-roi-upskilling","status":"publish","type":"post","link":"https:\/\/degreed.com\/experience\/blog\/calculate-roi-upskilling\/","title":{"rendered":"Calculate the ROI on Upskilling"},"content":{"rendered":"\n<p>One of the key challenges U.S. organizations are facing right now is retaining talent. The cost of employee turnover can be into the <a href=\"https:\/\/lattice.com\/library\/how-much-does-employee-turnover-really-cost\" target=\"_blank\" rel=\"noreferrer noopener\">millions<\/a> \u2014 especially when considering the ongoing talent war.&nbsp;<\/p>\n\n\n\n<p>The Bureau of Labor Statistics <a href=\"https:\/\/www.cnbc.com\/2022\/02\/01\/roughly-47-million-people-quit-their-job-last-year.html\" target=\"_blank\" rel=\"noreferrer noopener\">reported in early 2022<\/a> that over 48 million U.S. workers quit their jobs in 2021. Employees are citing low pay and the inability to grow as some of the top reasons why they are leaving their current employers. In fact, workers are 12 times more likely to quit their jobs if they do not have sufficient professional development opportunities at the company, said a <a href=\"https:\/\/newsroom.ibm.com\/2021-02-25-IBM-Study-2021-Voluntary-Job-Changes-and-Skills-Growth-on-the-Rise-Bringing-Employer-Challenges-for-Attracting-and-Retaining-Workers\" target=\"_blank\" rel=\"noreferrer noopener\">2021 IBM study<\/a>.&nbsp;<\/p>\n\n\n\n<p>To remain competitive and attract and retain top talent in this market, organizations must <a rel=\"noreferrer noopener\" href=\"https:\/\/degreed.com\/experience\/blog\/help-your-people-learn-how-to-learn\/\" target=\"_blank\">provide professional development opportunities<\/a> to workers. By providing employees with the right skills, organizations see a higher retention rate, higher employee engagement and more internal talent mobility.&nbsp;<\/p>\n\n\n\n<p>Calculating an exact return on investment for upskilling and reskilling your employees can be difficult. Luckily, you don\u2019t have to do it on your own. In a <a href=\"https:\/\/get.degreed.com\/forrester-tei-study-2022?utm_content=7018X000001eEl6QAE&utm_source=Degreed&utm_medium=BLG&utm_campaign=TheTotalEconomicImpactofDegreed\" target=\"_blank\" rel=\"noreferrer noopener\">recent study<\/a> we commissioned Forrester Consulting to conduct, we\u2019ve found that Degreed clients achieved 312% ROI and $4.7M net present value (NPV) over three years.&nbsp;&nbsp;<\/p>\n\n\n\n<p>To help you calculate your own economic impact, we\u2019ve commissioned a dynamic calculator from Forrester Consulting to help you determine your organization\u2019s ROI for implementing the leading learning experience platform, Degreed. Reach out to a Degreed representative to <a href=\"https:\/\/degreed.com\/experience\/request-demo\" target=\"_blank\" rel=\"noreferrer noopener\">calculate your own ROI<\/a>.&nbsp;<\/p>\n\n\n\n<p>Curious about more findings? We\u2019ve laid out a snippet of them:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/explore.degreed.com\/wp-content\/uploads\/2025\/04\/Forrester-TEI-Blog_Infographic.png\" alt=\"Calculate the ROI on Upskilling \" class=\"wp-image-38100\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Want to Learn More?<\/h2>\n\n\n\n<p>These findings are just the beginning. Read about all the results in the <em><a href=\"https:\/\/get.degreed.com\/forrester-tei-study-2022?utm_content=7018X000001eEl6QAE&utm_source=Degreed&utm_medium=BLG&utm_campaign=TheTotalEconomicImpactofDegreed\" target=\"_blank\" rel=\"noreferrer noopener\">The Total Economic Impact\u2122 Of Degreed<\/a><\/em> study conducted by Forrester Consulting. Download it today. <\/p>\n\n\n\n<p>Want to calculate your own ROI? <a href=\"https:\/\/degreed.com\/experience\/request-demo\" target=\"_blank\" rel=\"noreferrer noopener\">Reach out to a Degreed representative<\/a>, we\u2019re excited to help guide your organization to savings.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/get.degreed.com\/forrester-tei-study-2022?utm_content=7018X000001eEl6QAE&utm_source=Degreed&utm_medium=BLG&utm_campaign=TheTotalEconomicImpactofDegreed\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/explore.degreed.com\/wp-content\/uploads\/2025\/04\/Forrester-TEI-Blog_CTA-Banner.png\" alt=\"Download The Total Economic Impact\u2122 Of Degreed\" class=\"wp-image-38099\"\/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Choosing the right learning technology can mean millions in savings. Learn how Degreed clients saved money, improved retention and increased productivity.<\/p>\n","protected":false},"author":56,"featured_media":61764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[572,580],"tags":[554,567],"post_folder":[],"class_list":["post-61760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai-innovation-in-learning","category-workforce-business-impact","tag-business-outcomes","tag-learning-experience-platform"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Calculate the ROI on Upskilling Today - Degreed<\/title>\n<meta name=\"description\" content=\"Choosing the right learning technology can mean millions in savings. 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