Remove Effectiveness Remove Metrics Remove Ratio Remove Statistics

Caution Slippery When Metrics

Training Industry

Mark Twain’s popularized phrase, “There are three kinds of lies: lies, damned lies and statistics,” may seem like an odd way to lead into something that supports the use of metrics, but it highlights the fact that just because there’s a bar graph, trend line or something else having to do with numbers, that doesn’t mean a set of metrics is infallible. How can we avoid making missteps with metrics?

Measuring The Effectiveness of Your Blended Learning Program

Obsidian Learning

We should consider how to measure the effectiveness of that investment. These metrics are helpful for making the case for learning, but are insufficient to argue for the value of learning to the organization. Your metrics will be tied to your learning objectives. The fact is that improved soft skills can lead to improvement of measurable statistics such as increased productivity or lower levels of turnover.

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Data and Dashboards and Decisions – Oh My!

Talented Learning

The most effective dashboards focus on highly relevant information that demonstrates business impact and facilitates strategic decision-making. This signal-to-noise (SNR) concept is a ratio used in science and engineering to measure the strength of a relevant signal to irrelevant background noise. Why Does Signal-to-Noise Ratio Matter? And when we apply this signal-to-noise ratio idea to marketing dashboards, they become more useful.

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Marketing Math: How Much Should You Pay for a Learner?

LearnDash

What can your sales metrics tell you about how you should spend your marketing budget? This is a useful baseline to have for your other statistics, but it’s easy to lose important details if you look at just this number. With that in mind, let’s look at the next metric. So, if an average transaction is $75, your conversion ratio of new learners to recurring customers is.6, But knowing it can help you judge the effectiveness of your marketing campaigns.

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Assessing Organizational Readiness for Change in Your Business

Epilogue Systems

There’s no doubt that effective change management is essential to maximizing an organization’s adaptability. It’s important to delegate duties across roles effectively to ensure that change is fully implemented. Find and examine relevant performance metrics. Addressing such issues is integral before an effective change can be implemented. Customer/client acquisition cost ratio: This is much like the efficiency rating, but it applies to marketing costs.

Assessing Organizational Readiness for Change in Your Business

Epilogue Systems

There’s no doubt that effective change management is essential to maximizing an organization’s adaptability. It’s important to delegate duties across roles effectively to ensure that change is fully implemented. Find and examine relevant performance metrics. Addressing such issues is integral before an effective change can be implemented. Customer/client acquisition cost ratio: This is much like the efficiency rating, but it applies to marketing costs.

Starting a Customer Education Program: What You Should Know

Talented Learning

For example, many SaaS ( Software as a Service ) businesses focus on CAC/LTV ratio — ( Customer Acquisition Cost vs. Customer Lifetime Value ). Jason Cohen’s “smart bear” blog effectively illustrates this concept: Although your senior executives may not care exactly how many hours of training you deliver or what kind of customer satisfaction scores you receive, they do care about your CAC/LTV ratio. But effective customer education is actually more interactive for customers.

Calculating the ROI of your e-Learning courses

TalentLMS

It’s only after you assured that they are progressing nicely that you can measure secondary effects from their newly acquired knowledge and skills. Check whatever metrics your business quantifies Most companies track a plethora of metrics related to their operation and performance. Anything that should have been improved by the training, and you have metrics available for it, you can statistically compare.

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Workforce Diversity Series: 4 Ways to Build a Diverse Organization

KZO Innovations

The primary tool for ensuring your sources are effective is what’s known as a recruiting source analysis. Without tracking these metrics to assess the quality of your sources, your talent acquisition team risks both opportunity costs and other negative consequences: No increase in candidate diversity – The most basic form of recruiting analysis is to look at sources of applicants to see if each source is yielding the diversity of candidates you expect.

eLearning Costs : eLearning Technology

Tony Karrer

Personal Learning Informal Learning Corporate eLearning eLearning Design Authoring Tools Rapid e-Learning Tools eLearning (e-Learning) e-Learning Software Blended e-Learning e-Learning Tools Learning Management Systems (LMS) e-Learning ROI and Metrics Search via eLearning Learning for first time visitors Thursday, September 10, 2009 eLearning Costs : eLearning Technology A reader sent a note asking my opinion on the vendor pricing in The Great eTrain Robbery?

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