Accountability for the Learning Organization:

Similar documents
Human Capital: Leveraging Your Company s Greatest Asset

The Business Value of Meetings: Test Your Knowledge Jack J. Phillips PhD Chairman, ROI Institute, Inc.

MEASURING THE IMPACT OF TRAINING: A FOCUS

Optimizing Rewards and Employee Engagement

Ohio Community College CFOs Group

The Role and Responsibilities of the Managing Partner Timothy I. Michel, CPA

Succession Planning. Stan Sewitch

UNC Leadership Survey 2012: Women in Business

The Challenge for HR Professionals:

Workforce Training Benchmark Project Workforce Training How Much Should We Spend on Marketing Our Workforce Programs?

Benefit Cost Savings Through Strategic Evaluation TINA MARIE WOHLFIELD, SPHR, SHRM-SCP MASB FALL CONFERENCE, OCTOBER 23, 2015

DEFINITION OF MENTORSHIP

research Rewards Communication and Pay Secrecy A Survey of Policies, Practices and Effectiveness

TALENT DEVELOPMENT THE ROI OF MENTORING, COACHING, AND OTHER EMPLOYEE DEVELOPMENT PROGRAMS

Optimizing Human Capital Development

Top Five Metrics for Workforce Analytics. by Human Capital Management Institute and HumanConcepts

Rasmus Aaen Madsen Senior Director Product Marketing SuccessFactors (an SAP Company)

The 360 Degree Feedback Advantage

Benefits make up an important component of the employment. Employee Benefits in a Total Rewards Framework. article Business Case for Benefits

Human Capital Financial Statements

Keys to Effective Knowledge Transfer: Build a Training Program that Really Works

How Do You Stack Up?

Future-proofing employee engagement 5 areas of focus for 2015

hrpa.ca/ac2016 #HRPA2016 Recruiting in a Competitive Market 1

Vision 2020 Strategic Plan Key Performance Indicators

New Venture Creation Turning Ideas into Revenue

Business leaders are asking for more from

Human Capital Advantage for Business What is the Value of ADP ihcm for CEOs?

Building a Culture of Employee Engagement

Bayer: Empower all employees to be the best they can

HUMAN RESOURCES SPECIALIST

Job Family Modeling. Tools to Support Job Evaluation and Career Development October 21, Vincent Milich

Workshop: Predictive Analytics to Understand and Control Flight Risk

The Data-Driven Marketer s Guide to Interactive Content and Event Data. 8 Tips to Attract, Engage, and Convert More Event Leads

Department of Human Resources

How does a 10th or 11th grader have a GAEL period, but only take six periods? What about the arts programs? How would they be impacted by this plan?

Metrics That Matter in Leadership Development

AMA Marketing Effectiveness Online Seminar Series. Bob Wallach American Marketing Association

Speaker. Joni Pulido-Ferrier Value Advisor Expert HR Line of Business Value Engineering Australia, Pacific Japan, SAP

BENEFITS & BEHAVIOR: The Voice of American Business Owners and Benefit Decision Makers Today

Measuring your most important Asset: Human Capital

Internship Guide. Get Started

Human Capital Advantage for Business What is the value of ADP ihcm for HR Directors?

Building an Effective Business Architecture & Metrics Capability

HR Outsourcing: The operational phase

Pennino Corporation TECHNOLOGY TO IMPROVE LIFE

The shift from learning to talent management (TM) is resulting in organizational. What Lies Ahead: The Next Evolution of Learning Leaders

WEB BASED TALENT MANAGEMENT SOLUTIONS-On-line Software for Mentoring, Hiring and Selection, Succession Planning, Career Development

HR Metrics Interpretation Guide

Belgian Association of HR Managers

Fulfilling Careers Instead Of Filling Jobs. How Successful Companies Are Winning The Competition For Talent In The Human Age

New Venture Creation at SAP Corporate Venturing In European Multinationals class Stanford University

Implementing a Fast Track Program to Accelerate Student Success Welcome!

Fortune 500 CIO Is Not a Target Market

How To Build A Talent Factory

Ohio Community College CFOs Group

Creating a Well-Trained and Highly Skilled Energy Workforce at AREVA. Gary Mignogna Vice President, Engineering AREVA NP Inc.

2015 Trends & Insights

SalesXperts Solution Marketing Technology Sales Leads

Assessing Reward Effectiveness

Mobile Workforce Management Your Competitive Advantage

Millennials at Work. Presentation at the 2013 Financial Management Institute PD Week. Presenters. Lori Watson Partner. Ryan Lotan Director

Staff Only Students Only Staff and Students. Vice-Chancellor. Chief Operating Officer. Director, Human Resources

HR Metrics Report. Reporting Period 2013 Q1 - January 1 to March 31, Sample Report. Province: Industry: Workforce Change:

An Online Nurse Aide Certification Course: Program to Increase E-Learning Access to Health Occupations in Iowa August 2006

Evaluating Collective Impact: The Strive Partnership s Evaluation and Response

Corporate Learning Watch

THE 6 MARKETING METRICS HEALTHCARE EXECUTIVES REALLY CARE ABOUT

A Model for Training/Qualification Record Validation within the Talent Management System

Operational Improvement Using specialist skills in specific functional areas to enhance your own capabilities

C E N T E R F O R C R E A T I V E L E A D E R S H I P

The Ultimate Guide to B2B Lead Nurturing

Updated Requirements for Developing New Leaders and Onboarding New Hires

marketing and lead generation Women in Insurance and Financial Services (WIFS) Ways Membership Can Help to Advance Your Career

WHITE PAPER HOW COACHING & MENTORING CAN DRIVE SUCCESS IN YOUR ORGANIZATION

State of the Market for Medical Technologists:

We Can Work It Out: Integrating Millennials Into the Workplace (CAD005)

From Traditionalists to Gen Y: Addressing Generation Gaps in Today s Law Firms

A SilkRoad TalentTalk Whitepaper. Talent Management in Higher Education The Way Forward

Growing Tomorrow s Nurses and Clinical Leaders. For Audio Dial: Access Code: #

Go Global or Localise?

USHCA POWER METRICS. Urban Schools Human Capital Academy Power Metrics Tool URBAN SCHOOLS HUMAN CAPITAL ACADEMY. Best People Best Results

Using Technologies to Onboard New Hires

Beyond Succession Planning The Explosive Rush to Talent Readiness

LINKING PERFORMANCE MANAGEMENT AND PAY- FOR- PERFORMANCE

How To Help Nurse Educators

Strategic HR Partner Assessment (SHRPA) Feedback Results

GOAL I - Help students successfully obtain their diverse educational goals

Metrics-Led Sales Training

HUMAN RESOURCES IN PUBLIC EDUCATION Where are we? Where should we be? Where HR Divisions should be. Where most HR Divisions are

Exchange ideas and advance your career Survey Report

Taking Target Date Fund Evaluation to the Next Level

Oak Park School District. Counselor Evaluation Program

Pennsylvania s Workforce Challenges and Opportunities to Innovate

Five Tips to Success with Your Tech Team

Assessing and accelerating the capabilities of your Procurement staff

Leadership Pulse.

The Value of Tuition Assistance

Performance Management Process. Department of Human Resources Presented by: Wendy Davis

Strategic Executive Coaching: An Integrated Approach to Executive Development

Transcription:

Accountability for the Learning Organization: Documenting the Business Impact HR Executive Webinar December 14, 2010 Archive on: humancapitallab.org

Agenda Today s Objectives Measuring Activities Business Outcomes of Interest to the C Suite The Question Your CFO Will Ask Key Business Drivers Best Practice Case Studies What Stops HR? Next Steps Question and Answer

Measurement Typical Activities Number of courses Butts in seats Dollars spent on learning and development Average annual number of hours of training Business Outcomes Sales Productivity Talent/Leadership Development Job Performance Job Mobility Retention

Hazards of C Suite Perspective Senior executive experience: When I was a Anecdotal data (sample size of one): I know a person who used the tuition assistance and then resigned, therefore HR survey data is suspect No external standards HR does not have the expertise to do this work Wall Street doesn t care about smiley sheets

The Question the CFO will Ask How do you (HR) know that the business impact improvement you are showing is the result of the HR program(s) and not something else?

Key Business Drivers & HR Solution Productivity Accelerating change, exploding knowledge, increasing complexity Education and Training Demographics Baby boomers leaving / taking knowledge Mentoring Millennials entering / strong culture of community Social Learning

Target: Client: Sun Microsystems Leadership Development: Mentoring Managers and technical personnel Scope: 838 mentees, 677 mentors Business outcomes: 6,000 control/compare Retention, Salary grade, Performance rating, Merit raises, Promotion raises Results: Cost $1.1 million, savings $6.9 million Implications: Mentoring is a measurable strategy

Client: High Tech Fortune 100 1 st Management: Bellevue University degree completion program Target: All engaged employees Scope: 2,000+ intervention and control Business Outcomes: Sales Results: Statistically significant increase in sales by employees enrolled in program Implications: Tuition assistance as a strategic resource to increase business performance and seed the leadership pipeline with engaged, educated employees.

Client: Chrysler Sales Training: Training Target: Dealer sales associates Scope: 30,000+ sales associates Business outcomes: Vehicles sold Results: Average 16+ more vehicles per associate per year 5,280% ROI on training delivery cost Implications: Major catalyst to change dealer investment/training

Client: ACS a Xerox company Leadership Development: Training Target: Call Center Supervisors Scope: 1,427 supervisors Business outcomes: Retention Results: Implications: Enforcement of training mandated required to have business impact

Client: Sun Microsystems Sun Learning exchange (SLX): Social Learning Target: All employees Scope: All employees Business outcomes: Sales, Collaboration, Communications, Training Results: Creation & delivery 3,982 titles Benefit to cost ratio of 75:1 Net benefit $25.9 million Implications: Prototype social learning with business impact measurement

Client: Mutual of Omaha Tuition Assistance Benefit: Education Target: All employees Scope: 693 using benefit 6,765 in non participant compare group Business outcomes: Results: Career mobility, Retention Mobility Participants had twice the number of positive job changes as non participants. Implications: HR benefit impact measured as investment with business impact

Client: ConAgra Foundations of Leadership : Training Target: Supervisors in food production plants Scope: 600 trained 1,600 untrained as control/compare Business outcomes: Retention, Productivity Results: $2.3 million net savings Retention Significant increase in plant throughput Implications: Major shift in corporate funding for program development and deployment

What Stops HR? Survey Results from The Conference Board Metrics Conference New York City, NY October 2010

Our Senior Management Doesn t Ask for Measurement 79% 21% Agree Disagree

Unspoken Fear THE FEAR: I Am Concerned the Analysis Will Prove the INTERVENTION to be Ineffective 44% 56% Agree Disagree

The Data The Data Needed to do Measurement is Accessible in my Organization 50% 50% Agree Disagree

Conditions Required to be Credible in the C Suite Business Impact data must come from outside HR preferably finance Business impact results must be compared to something Change over time Change relative to control group Impact measure in the aggregate not at the individual Statistically significant sample sizes Third party data and methods validation

Next Steps Human Capital Lab partners with organizations Alternatives: 1. Proprietary to client, funded by client, results not published 2. Co funded by Bellevue University Human Capital Lab results published humancapitallab.org

Implications & Recommendations Situation: C SUITE DOESN T KNOW WHAT IT DOESN T KNOW therefore HR must lead i.e. take its Seat at the Table To lead, these things need to happen: 1. Evidence of the business case for impact analysis research and case studies 2. Education of the C Suite, especially CHR, CFO & CEO 3. HR Strategy on how to do measurement example: Bellevue University s Ph.D. in Human Capital

Question and Answer