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Measuring ROI in Training

Increasing expenditure by companies in educaton and training is demanding that management find ways to measure the return on investment in training.  But are there ways to measure ROI in training?

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Measuring ROI in training: A lifeline for HR and Training Managers
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From The Glossary »

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Net Present Value (NPV):

An approach used in capital budgeting where the present value of cash inflow is subtracted from the present value of cash outflows. NPV compares the value of a rand today versus the value of that same rand in the future after taking inflation and return into account. If the NPV of a prospective project is positive then it should be accepted, but if it is negative then the project probably should be rejected because cash flows are negative.
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