Creating an evidence-based strategy презентация

HOW DOES L&D DELIVER BUSINESS VALUE?

Слайд 1Creating an evidence-based strategy

13th May 2015

Laura Overton, Founder – Towards Maturity
@LauraOverton

Ruth

Stuart, L&D Research Adviser – CIPD
@RStuartCIPD

Слайд 2HOW DOES L&D DELIVER BUSINESS VALUE?


Слайд 3Achieving alignment



@RStuartCIPD @LauraOverton
…organisations that measure the impact of L&D are

more likely to be aligned to business needs…

Слайд 4Lack of clarity regarding the business strategy
Changing / conflicting business priorities
Lack

of business insight

Barriers to alignment

L&D undervalued

Silo culture

Lack of resources

@RStuartCIPD @LauraOverton


Слайд 5Learning evaluation
Half do not conduct any evaluation on the majority of

L&D activities, or limit it to satisfaction
Just 7% evaluate the wider impact on the business and/or society

@RStuartCIPD @LauraOverton


Слайд 6Which of the following business outcomes justify a substantial investment in

workforce development?

Lower employee turnover
Increased employee engagement
Positive ROI
Change in business direction
Reduced cost
Increased productivity
Greater responsiveness to the new
Increased profitability
Stronger Employee brand


Слайд 755% Increased productivity
40% Greater responsiveness to new
39% +ve employee engagement
37% Increased

profitability
36% Lower employee turnover

Economics Intelligence Unit Evidence

22% Positive ROI
18% Reduced cost
14% Change in business direction
11% Stronger Employee brand

Economic Intelligence Unit Sept 2014


Слайд 8
Today’s L&D professionals also want more.
 
 
 
 
 
 


Слайд 9
Data-Driven Decision Making
Business leaders use data to:

Persuade
Prioritise
Personalise
Predict
Plan
Improve performance
Outperformer:
An organisation with clear

purpose that uses benchmarking to continually stay ahead of its peers!




Слайд 10what evidence is there that can a modernised learning strategy can

add real business value?

Persuade and Prioritise


Слайд 11Gaining Market Share
17% rise in customer satisfaction
10% improvement in revenue


Talent
9% reduction in attrition
17% improvement in engagement
14% improvement in productivity
12% reduction in time to competency


Deliver New Products & Services
Change new products & services 23% faster
Roll out new IT applications 26% faster

Independent evidence from over 400 L&D leaders:


Слайд 12Gaining Market Share
17% rise in customer satisfaction
10% improvement in revenue


Talent
9% reduction in attrition
17% improvement in engagement
14% improvement in productivity
12% reduction in time to competency


Deliver New Products & Services
Change new products & services 23% faster
Roll out new IT applications 26% faster

Independent evidence from over 400 L&D leaders:

AND Deliver Efficiency

- 17% Cost reduction
+21% Volume
- 22% Delivery time
- 20% Study time


Слайд 13How Do our Staff Learn Best?
91% learners learn from collaboration with

team workers
81% from manager support
73% from web search
64% from formal education courses
50% from live online learning, mobile or self paced e-learning
82% want to learn at their own pace

Слайд 14What is stopping staff
from learning online?


63% Lack time
40% Can’t find

what they need
41% Irrelevant content
28% Lack of somewhere appropriate to study
26% Uninspiring content
25% Technology issues
22% unclear objectives



Слайд 15only 1/3
of L&D leaders know how their staff actually learn at

work…

This type of evidence helps us to Predict and Plan


Слайд 16Metrics used always or frequently
Learner reflection
(80%)
Manager reflection & feedback
(52%)
HR metrics

(e.g. absence)
(39%)

Standard internal measures (e.g. engagement)
(37%)

Strategic measures
(e.g. business behaviours) (35%)

Stakeholder reflection and feedback (35%)

ROI
(22%)

@RStuartCIPD @LauraOverton

Business metrics
(32%)


Слайд 17Using the findings
Always or frequently:

66% update the L&D intervention
52% share

the results with the business
53% review the delivery method
49% share the results to specifically inform business strategy

1 in 5 say they produce a report of summary of the findings but rarely act on the data!

@RStuartCIPD @LauraOverton


Слайд 18Those who are doing things differently are more likely to be

aligned

They always or frequently:

Update the L&D intervention (84% vs. 48%)

Share the results beyond HR (75% vs. 33%)

Share results to inform business strategy (71% vs. 29%)

@RStuartCIPD @LauraOverton


Слайд 19Barriers
IT systems

39%


Other business priorities

45%
Other L&D / HR priorities

21%
@RStuartCIPD @LauraOverton


Слайд 20Do we have the skills?
L&D: Evolving roles, enhancing skills research

Analytical capability

is a critical gap

Towards Maturity Benchmark:

96% consider programme evaluation a priority
41% say they have the skills in-house

@RStuartCIPD @LauraOverton


Слайд 21To drive change and use evidence effectively we need to invest

in ourselves first What skills do you need to build?

@RStuartCIPD @LauraOverton


Слайд 22
Data-Driven Decision Making
Business leaders use data to:

Persuade
Prioritise
Personalise
Predict
Plan
Improve performance
Outperformer:
An organisation with clear

purpose that uses benchmarking to continually stay ahead of its peers!




Слайд 23Note of caution about L&D benchmarks


Слайд 24About benchmarking

The top 10%
New for 2014




Exploring effective practices of the

top
performing learning organisations

Слайд 25DNA of the Top Deck companies


Слайд 26New Learning benchmarks


Слайд 27Creating an evidence based learning strategy – where next?

External evidence
To influence

change
Within the team
Within the business
To inform decision making
To focus on outcomes

Benchmarking
External evidence to improve internal performance

Internal Evidence
To engage and motivate
To inform


@RStuartCIPD @LauraOverton

Share your email address to receive a CIPD and Towards Maturity evidence resource pack


Слайд 28What will you do differently?
@RStuartCIPD @LauraOverton


Слайд 29Thank you Get in touch at @RStuartCIPD or @LauraOverton


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