Skills plus experience create capabilities
Learning employees work smarter
Training helps people discover purpose, mastery and autonomy. In a study of more than 3,000 workplaces, the U.S. National Center on the Educational Quality of the Workforce (EQW) found on average a 10% increase in workforce education led to over 8.5% productivity gains.
With the right analytics you can analyse the impact learning has on business outcomes and fine-tune learning programs for optimal engagement and business success.
At the same time, another US industry study found corporations spend an estimated $145 billion annually on training initiatives, but more than half of those dollars fail to result in tangible returns, with performance gains from learning investments estimated at less than 10% (the American Society for Training & Development, State of the Industry). With modern tools like eightfold.ai, phenompeople, degreed, edcast, and workday skills cloud, how effectively is your organisation investing in the right outcomes for training?
