All companies investing in staff training want to see improved skills and productivity, greater contribution to the organisation and more importantly, business growth. Unfortunately, many managers provide corporate training to their teams without ever finding out the answers to some pretty essential questions such as:
Was the staff training effective enough?
Did all the participants get relevant skills and knowledge?
Are the participants applying what they learned in their jobs?
Corporate training is a fast growing area boosting staff engagement and retention, but statistics show that ineffective training can cost a business up to $13.5 million per year per 1000 employees (Source: Grovo). The answers to the questions above can help you avoid wasting money, measure how effective your investment has been and the results you get after measuring your employees’ knowledge retention will help you better plan any future training and development investment.
No matter what industry your business is in, you should be able to see if your employees have a positive impact of training though improved productivity. One of the fastest and easiest ways to measure the effectiveness and ROI of any employee training is by using a knowledge management, workforce development & performance evaluation tool.
soLearn provides organisations an easy to use automated process to not only measure, but also to boost knowledge retention.
With soLearn, you can manage all your staff’s training and knowledge management from a single on line portal. The innovative technology enables soLearn to be applied to any business processes, staff training or compliance campaign where there is a requirement to test or verify retained knowledge.
For more info about how soLearn works, please click here.
If you have any questions on staff training or knowledge retention, please contact our team now on 0117 986 2194 or at firstname.lastname@example.org.