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The New Learning Metrics: Demonstrating Business Value and Impact

Degreed

Telling your workforce development story — in fresh ways with new metrics — can capture the attention of your business leaders and make your learning program an important business priority. Maybe your program’s already a priority. Details Make a Good Narrative Great. Learning typically becomes more reactive than strategic.

Metrics 134
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To overcome business disruption, take a front-line-first approach

CLO Magazine

You cannot run your business without your front-line workforce. Last year, the CEO-to-typical worker compensation ratio was 278-to-1, according to the Economic Policy Institute. They were a familiar way to let customers know businesses were open and ready to provide safe, efficient service. Everyone already knows this, right?

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Showing the ROI of key programs on a budget

CLO Magazine

For example, the needs assessment team should start with why , with a clear business measure at the beginning, ensure that the proper solution is implemented and develop objectives at multiple levels, up to and including impact. The facilitators’ role is to teach to business impact. Sometimes simple averages and ratios will do.

ROI 106
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The Business Impact Award

CLO Magazine

The Business Impact Award is for learning executives who have implemented a significant measurement or evaluation program that has demonstrated exceptional business impact from their workforce development programs. Parimal Rathod, Senior Vice President and Head, Business Impact Group and L&D, Kotak Mahindra Life Insurance Co.

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Kuljit Chadha | AI-powered right skilling suite that supports enterprise learning

Disprz

Another key trend that we have seen is around the completion ratios. What is interesting is that in the blue-collar workforce the completion ratio is very high compared to a knowledge worker. Kuljit- That’s a million-dollar question, and I get asked about this pretty much by every CHRO or CLO that I meet.

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Know how your firm makes money

CLO Magazine

We had finished the formalities of our career and personal backgrounds and started to move into the business phase of our discussion. How does this firm make money, and can you explain the business drivers to me?”. He said, “Nobody from human resources has ever asked me about the business. Why do you want to know?”

Ratio 72
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Putting Into Practice What We Preach

CLO Magazine

Yo-Jud Cheng in their Harvard Business Review 2018 article, “The Leader’s Guide to Corporate Culture,” culture is the “tacit social order of an organization” that “defines what is encouraged, discouraged, accepted or rejected within a group.” As defined by Boris Groysberg, Jeremiah Lee, Jesse Price and J.

Theory 75