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If you can’t measure it, you can’t improve it. Luckily, online learning platforms make measuring employee development intuitive.
With the increasing prominence of skill-based planning, learning and development (L&D) professionals have found themselves in high demand. Upskilling and reskilling are highly impactful and cost-effective ways to meet your company’s future talent needs.
But employee development can be tricky to track. Simply having a set of courses on offer isn’t enough. L&D leaders need to be able to demonstrate how employee development programs are performing.
But how can the success of these programs be measured? And, perhaps more importantly, how can they be improved?
Read on to learn about four ways to track your employee development program and how to accelerate it.
Completion rates are the most basic metric for tracking employee development. After all, completing a course is a requirement for learning and retaining the material.
But don’t limit your assessment of completion rates to individual courses. It is also important to track how many courses each employee is taking and completing.
The time between an employee’s start date and when they’re fully up to speed is generally defined by lower productivity. Demonstrating success for this metric is as simple as demonstrating a reduction in the time it takes new employees to reach full productivity. Comparing this number for employees who participated in a new-hire readiness training versus those who didn’t will clearly demonstrate the program’s effectiveness.
Ideally, all employee development programs should have a focus on solving a problem for the business. Use the productivity data already being tracked as a benchmark for employee development program effectiveness.
There is a looming leadership pipeline crisis: 85% of company leaders say they aren’t confident in their company’s leadership pipeline. These same leaders are increasingly looking to L&D to fill the pipeline through reskilling and upskilling employees.
Measuring this metric is simple: How many business-critical roles can be filled by internal candidates thanks to participating in an employee development program?
The LinkedIn Learning platform provides solutions for training, upskilling, reskilling, and leadership development. Explore the product and see how it can benefit your employee development program in measurable ways.
Help your employees develop skills they can use right away.
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An experienced sales specialist is here to help find the best solution for you.