“Efficiency” is the other side of the same coin – it deals with the problems of how we best build, deliver, share and reuse our training content to deliver training to as many people as possible.
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Bersin's WhatWorks methodology defines High-Impact organizations as those which succeed in three ways: effectiveness, efficiency, and alignment.
“Efficiency” refers to an HR or L&D organization's ability to continuously drive down cost. Since nearly all HR and L&D programs are an expense (with the exception of customer training which drives revenues), it is important for the organization to continuously benchmark itself to find ways to reduce costs.
Our Factbooks contain industry by industry data on spending levels, headcount levels, and many other benchmarks which you can use to determine how efficient you are. In training, efficiency measures include the measurement of "time to develop" as well as "time to deploy" in addition to various financial measures.
We recommend that readers consult the appropriate Factbook for the measures in your area, and then read High-Impact Learning Measurement or The Training Measurement Book for details on how to measure efficiency.
U.S. Firms Double-Down on Employee Development
Learning Programs | 05/21/2013 | With greater financial stability, U.S. companies are committing more resources to employee development. Learning solution providers are reaping the benefits of increased funding as U.S. L&D firms direct some of their extra funds to outsourced services.
L&D on a Shoestring: UK Firms Cut Funding for Employee Development
Learning Programs | 05/14/2013 | A sputtering economy has caused UK training teams to cut their funding for employee development. In this research bulletin, we look at how much UK organisations are spending and the changes they are making to adapt to continued belt-tightening.
Managing Talent through Technology: HCM Buying Trends in 2013
HR Tools & Technology | 05/07/2013 | This report examines the many factors that affect HCM technology choices. It also includes the reasons why today’s HR executives seek to change their existing technologies, the primary criteria driving their decisions for new applications, the budgets allocated, and criteria for measuring the success of the new solutions.
Creating the Agile Organization
Talent Strategy | 04/24/2013 | Impact 2013. This session presents frameworks for how to think about organizational agility, and how to apply those insights to specific talent management processes and practices.
Making Informed Hiring Decisions: The Value Proposition for Prehire Assessments
Pre-Hire Assessment | 04/24/2013 | Impact 2013. Session presenters introduce a four-step model for effectively selecting and implementing prehire assessments. They describe core screening and testing methods, the role of prediction in assessment's value proposition, and the realities of using assessments and insights for expanding the focus beyond talent acquisition to the broader concept of talent management.
The Shifting Ethos and What It Means For Talent Leadership
HR & Talent Analytics | 04/24/2013 | Impact 2013. In this keynote presentation, Cathy Benko, vice chairman and managing principal, Deloitte LLP, explains why talent in the corporate lattice world needs to be cultivated differently, why having an input-to-impact approach to philanthropy is an imperative, and why your organization's diversity, inclusion, people, and business strategies should both influence and be informed by it.
Analytics Driving Action
HR Strategy & Benchmarking | 04/23/2013 | Impact 2013. In this session, Jonathan Ferrar discusses how IBM is harnessing Big Data, and adjusting its talent acquisition, talent management, and HR practices as a result.
Leadership Development in China: Building Bench Strength in the World's Largest Marketplace
Leadership Dev. Evaluation | 04/22/2013 | This report discusses how leadership styles in China differ from those in the West and how multinationals can effectively develop Chinese leaders to succeed.
High-Impact HR in a Globally Local World: Key Findings
HR Org. & Governance | 04/22/2013 | This report reveals the high-impact HR principles of organization design and structure.
The Bersin Learning Measurement Framework and Sample Metrics
Learning Measurement | 04/18/2013 | A job aid to use as a quick reference to guide discussions and decisions related to learning measurement.
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