SOURCE: KnowledgeAdvisors
KNOWLEDGEADVISORS ANNOUNCES ACTUAL BUSINESS RESULTS SCORECARD & TRACKER
KnowledgeAdvisors unveils new tool to trend and track actual business results in its Version 10.2 Release of Metrics that Matter®.
CHICAGO, IL. [April 20, 2006], KnowledgeAdvisors, Inc. announces a tool for learning executives to conduct more comprehensive actual results tracking and analysis. The tool stores, via input or import, then trends actual results (revenue, quality rates, customer satisfaction indices, employee turnover, cost per student day, test scores, etc.) and provides a color-coded analysis for interpretation.
KnowledgeAdvisors suggested metrics come standard with the tool and include: Productivity, Revenue Growth, Profitability (based on Human Capital Contribution Margin), Learning Activity, and Learning Investment.
An example of this new report, to be included in KnowledgeAdvisors Metrics that Matter® V10.2 available May 1st, may be found at www.knowledgeadvisors.com/site/epage/61659_736.htm
In addition, learning analysts can input or import, track, trend and analyze any other key performance indicators important to them.
KnowledgeAdvisors can provide a framework and process to support this and examples might include: Financial Metrics (ex. L&D Cost as a % of Payroll, Cost per Student Day), Operational Metrics (ex. Speed to Market, e-Learning Utilization, Students Trained), Performance Metrics (Learner Satisfaction, Test Pass/Fail Rates, Error Rates, Employee Turnover, ROI), and Cultural Metrics (Training Eligibility, Average Hours of Learning per Employee).
“The research supports the fact that learning executives top challenge is tracking actual business results. This tool makes it easy to input these results and analyze variances and trends compared to goals or benchmarks, and prior period results,” commented Kent Barnett, CEO of KnowledgeAdvisors.
The tool is part of a comprehensive learning analytics software solution, Metrics that Matter®. Metrics that Matter® collects, stores, processes and reports activity and performance-based metrics specific to the learning industry. The tool saves significant financial, physical and human resources by automatically generating metrics around quality, satisfaction, learning effectiveness, job impact, business result linkage, and financial or non-financial ROI.
“The Actual Business Results Scorecard and Tracker compliments the financial ROI reports already in Metrics that Matter® as well as the learning consultant templates that link key business results to specific programs and generate a financial ROI and payback period,” commented Jeffrey Berk, Vice President of Product and Strategy.
Examples of analytics reports within Metrics that Matter® can be found at www.knowledgeadvisors.com/site/epage/61659_736.htm
About KnowledgeAdvisors
KnowledgeAdvisors is a corporate learning business intelligence firm that helps organizations gain the knowledge necessary to improve performance, better educate workforces and reduce costs across the enterprise. Its proprietary measurement systems and benchmarking expertise help companies more successfully implement e-learning strategies and better manage corporate learning investments.
Contact for inquiries related to this PR:
Tasneem Sanwarwalla, Marketing Specialist, KnowledgeAdvisors
tsanwarwalla@knowledgeadvisors.com
312 423 8753 (phone)
312 372 0044 (fax)