Global learning benchmark reveals emerging technology is on the rise
The Towards Maturity Benchmark™ gives L&D leaders the opportunity to confidentially review their strategy, compare with top performers and identify the tactics they need to unlock potential in their organisation.
With more organisations than ever before participating in the Towards Maturity Benchmark, the company yesterday announced they will extend the free benchmarking period by two weeks.
Taking around 60 minutes to complete, the Towards Maturity Benchmark allows learning professionals to confidentially review their strategy, compare their approach with top performing organisations and establish priorities. Consolidating the experiences of more than 5,800 people, each participant receives a unique, Personalised Benchmark Report to target improved performance that signposts where and how they can improve on all the outcomes of an effective L&D strategy such as agility, efficiency and performance.
Over 80% of L&D professionals who have participated in the Towards Maturity Benchmark this year have said the process alone provided new ideas for improving their learning strategy.
Looking at this year's early findings the data has shown changing priorities. Laura Overton, CEO and founder of Towards Maturity said:
"For the first time this year, we're seeing an increasing use of technology in supporting skills development for team working, communication, problem solving, innovation and creative thinking.
"Emerging technology is on the rise and with 70% expecting learning budget allocated to technology to increase now is the time for L&D professionals to step back and reflect. With the benchmark period extended by 2 weeks organisations can review their learnign strategy and see how they are performing against their peers with te Personlaised Benchmark Report to focus on their priority areas."
Examples of participants from previous years include: AXA UK, Boots UK, Brambles, BT plc, Coca Cola Amatil, E.ON AG, Lloyds Banking Group, McDonald’s, River Island RMA Group, 33 councils and over 20 hospitals and NHS trusts.
Top performing organisations are over 5x more likely to benchmark and report a significant impact on business with up to:
- 10% increase in revenue
- 14% improvement in productivity
- 15% reduction in time to competency
- 18% increase in customer and employee satisfaction
- 18% reduction in overall costs
Brian Murphy, Head of Learning and Leadership Development at Citi, said:
“Towards Maturity’s Benchmark gave us credible insights in order to deliver a compelling business case to C-suite of the company. The report was also a valuable asset when it came to awards – revisiting our Benchmark helped us track progress and hone our award submissions.”
The Towards Maturity Benchmark is completely confidential and free to use until 24th July. All participants will receive a free Personalised Benchmark Report in September (valued at £300), thanks to the support of Towards Maturity’s Ambassadors.
Individuals can take part at www.towardsmaturity.org/benchmark
Follow the public campaign on Twitter at #TMbenchmark.