CHICAGO, Ill., June 28, 2011 (SEND2PRESS NEWSWIRE) — KnowledgeAdvisors, a leading provider of learning measurement software that improves the effectiveness and business impact of learning, has announced it has released a brand new whitepaper (i) focusing on executive reporting needs based on survey research and (ii) providing insight on how they are accordingly met with KnowledgeAdvisors unique approach, Talent Development Reporting Principles.
In order to understand the executive reporting needs across the industry, KnowledgeAdvisors recently sent a survey to over 5,000 people from 1,500 organizations to gather their feedback about executive reporting needs.
The results of the survey indicated the following:
- Among the respondents we surveyed, 73% indicate that L&D leaders want to demonstrate the link between learning and business impact.
- A large majority (75.4%) of respondents believe that business leaders need better, more comprehensive information about the effectiveness of the L&D function.
- Only 13.12% of respondents indicated that L&D leaders and business leaders already use a robust, standard reporting framework
- Only 36.1% of respondents believe the executive reporting process for L&D information aligns well with the strategic goals of the organization.
- Only 18.5% of respondents believe business leaders know what to ask for to demonstrate effectiveness of L&D efforts.
- One-third (33.9%) use scorecards and dashboards to communicate the effectiveness of L&D.
“L&D and other HR leaders often wonder why they do not have a seat at the table with the C-suite for strategic planning meetings. Based on the results of our survey, only 55 percent of L&D leaders are well connected to business leaders and only 31.25 percent actually have a seat a the table. One answer is that L&D often does not have information about the L&D organization that is deemed valuable. Efficiency information is not sufficient to convey the value of training because it mainly explains activity and cost. Effectiveness information is often confusing and does not translate quickly and easily to business metrics. Lastly, business outcomes often resonate with leaders, but they are difficult to obtain and more difficult to tie back to training,” stated Kent Barnett, CEO of KnowledgeAdvisors.
Talent Development Reporting Principles is crucial because first, it aligns information with the business needs, provides a standard set of metrics that meet executives’ information needs, and it can be displayed in tabular or converted to graphics in a dashboard format. Second, the TDR provides standard metrics that allow for comparisons across other organizations that use the same format. Lastly, the utility of the information helps get L&D a seat at the executive table because the TDR provides business information (costs, effectiveness and outcomes) that help executives make decisions about L&D investments.
The survey results from KnowledgeAdvisors’ most recent research indicates that there is an information void that needs to be filled for L&D and business executives. Filling that void is likely to be an entree to the executive table. KnowledgeAdvisors offers clients the Talent Development Reporting Principles (TDR) as a way of creating a standard set of reports for L&D. The reports contain all the information (efficiency, effectiveness and outcomes) that is relevant to the C-suite, packaged in a way that is easy to review and understand at the executive level.
Organizations interested in further details about this research can access the complimentary white paper found at: http://www.knowledgeadvisors.com/media-research/white-papers/research-executive-reporting/ and access the TDRP dedicated resources page at: http://www.knowledgeadvisors.com/tdrp .
About KnowledgeAdvisors:
For organizations that utilize learning and development to drive business outcomes, KnowledgeAdvisors offers learning measurement software that improves the effectiveness and business impact of learning. Unlike the standard reporting and dashboard features included in most learning and talent management software, we combine data from multiple enterprise systems with information collected through evaluations and assessments to paint a complete picture of learning and business performance. KnowledgeAdvisors can even benchmark your learning programs against other organizations. For more about KnowledgeAdvisors, visit: www.knowledgeadvisors.com .
News Source: KnowledgeAdvisors :: This press release was issued on behalf of the news source by Send2Press® Newswire, a service of Neotrope®. View all current news at: http://Send2PressNewswire.com .
Repost This Press ReleaseMore Information:
For organizations that utilize learning and development to drive business outcomes, KnowledgeAdvisors offers learning measurement software that improves the effectiveness and business impact of learning. Unlike the standard reporting and dashboard features included in most learning and talent management software, we combine data from multiple enterprise systems with information collected through evaluations and assessments to paint a complete picture of learning and business performance. KnowledgeAdvisors can even benchmark your learning programs against other organizations. We offer essential services to our clients to help them create high quality measurement practices. Best Practice: KnowledgeAdvisors is a trusted source of thought leadership for evaluating the effectiveness of critical human capital initiatives such as learning and development, employee engagement, talent acquisition, competency management, performance management and leadership. Our software exceeds industry standards for quality and elegance. Our learning measurement solutions provide valid, reliable and predictive business intelligence. And our consulting services are built on proven business models such as six-sigma and continuous improvement. Cloud Computing: Metrics that Matter®, our flagship software solution for human capital process evaluation, utilizes a “cloud-based architecture” to enable easy implementation and integration with other enterprise software systems (including LMS, HRIS, Integrated Talent Management Suites, CRM, ERP and more). Integrated Reporting, Business Intelligence and Analytics: Metrics that Matter® integrates data from multiple enterprise systems (including LMS, HRIS, Integrated Talent Management Suites, CRM, ERP and more) with information collected through evaluations and assessments to paint a complete picture of learning, talent and business performance. Analysis is rendered through automated dashboards, scorecards and detailed reports that can be customized for every role in your organization from executives to front-line managers. Informal and Social Learning Measurement: Metrics that Matter® reaches beyond formal learning programs and learning management systems to measure learning effectiveness in informal and social learning environments. Benchmarking: Metrics that Matter® includes a benchmark database with over 750 million external data points and 100 standard reports. Benchmark data can be sliced by industry, course type, job function and more; providing learning & development experts with the opportunity to compare learning effectiveness against external averages. To understand who we are, KnowledgeAdvisors has put together an educational podcast series. Click Educational Podcast to subscribe today. Our clients represent many of the world’s leading organizations, including four of the five largest accounting firms, three of the last five winners of Training’s Top 125 Award, the world’s largest company, and the most prestigious US Defense Department University. Our clients know that working with KnowledgeAdvisors helps them to achieve the highest-performing workforce. MEDIA CONTACT: Eric Bush, Director of Marketing KnowledgeAdvisors +1-312-676-4416 ebush @ knowledgeadvisors.com
- KnowledgeAdvisors Announces New Research Highlighting Metrics that Matter(R)
- KnowledgeAdvisors Releases Metrics that Matter Autumn 2011: Measurement Takes On New Meaning!
- KnowledgeAdvisors Announces 10th Annual Symposium: Engaging Executives with World-Class Reporting
- KnowledgeAdvisors Performance Solutions Suite Hits Bullseye for Sustainable Impact Measurement of Leadership, On-boarding and Sales Training Programs
- Kevin Oakes Joins KnowledgeAdvisors Board of Directors
Follow Send2Press on Social Media
Stay up to date with Send2Press on popular social portals.