The Skillsoft Effect
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01. INCREASED EMPLOYEE ENGAGEMENT skillsoft.com Take a closer look. Visit our YouTube channel for course samples, customer success stories and more. eLearning: grow your employees, grow your business Learning technology has a strong correlation to improved KPIs. After implementation, organizations saw more than a 10% change in the following areas: 1 53% INCREASED EMPLOYEE ENGAGEMENT 53% INCREASED PRODUCTIVITY 40% INCREASED REVENUE 26% DECREASED COSTS 16% DECREASED TURNOVER More evidence that developing employees through eLearning benefits businesses: The Skillsoft Effect: 11% average increase in employee satisfaction 3 Businesses with a strong learning culture have employee engagement and retention rates 30-50% higher than their peers. 2 1 “2016 Brandon Hall Group Learning Technology Study.” David Wentworth, Brandon Hall Group, 2016. 2 “Becoming Irresistible: A New Model for Employee Engagement.” Josh Bersin, Deloitte Review Issue 16, Deloitte University Press, January 26, 2016. 3 “How Skillsoft Moves the Needle.” Skillsoft, 2016 4 2016 Impact Analysis Benchmarks. Skillsoft, 2016. 5 “2014-15 Towards Maturity Benchmark Report | Modernising Learning: Delivering Results.” Towards Maturity, November 2014. 6 “Employees Need Modern Learning to Aid Customers and the Organization” Zach Lahey, Aberdeen Group, January 2016 7 “How eLearning Dramatically Reduces the Corporate Training Costs.” Christopher Pappas, eLearning Industry, July 10, 2014 02. INCREASED PRODUCTIVITY 14% Learning innovation drives a 14% improvement in productivity 5 73% of learning leaders report positive changes in staff behavior 5 The Skillsoft Effect: 8.1% improvement in cycle time 3 73% 8.1% 03. INCREASED REVENUE 84% greater year-over-year revenue improvement per FTE for companies that use mobile learning 6 The Skillsoft Effect: 8.2% increase in sales 3 04. DECREASED COSTS Implementing eLearning helped Ernst & Young, IBM, Cisco, and Dow Chemical all reduce training costs by 30% or more. 7 The Skillsoft Effect: $800k American Heart Association’s annual L&D savings $330m US Army’s L&D savings over one fiscal year 05. DECREASED TURNOVER The Skillsoft Effect: $300k saved in turnover costs by the SSFCU in the first year 4 Learning innovation drives a 9% reduction in staff turnover 5 Skillsoft's Impact The Skillsoft Effect: 312% USO’s ROI on eLearning 8/10 end users apply what they learned within 6 weeks 4 90% 75% 97% 75% of respondents experienced a marked improvement in skills critical to their jobs 4 of end users would recommend Skillsoft eLearning to a friend or colleague 4 90% of learners said the eLearning content is relevant to their roles in the workplace 4 97%
Transcript of The Skillsoft Effect
0 1 . I N C R E A S E D E M P L O Y E E E N G A G E M E N T
s k i l l s o f t . co m
Take a closer look.Visit our YouTube channel for course samples, customer success stories and more.
eLearning: grow your employees, grow your business
Learning technology has a strong correlation to improved KPIs. After implementation, organizations saw more than a 10%
change in the following areas: 1
53%INCREASED EMPLOYEE
ENGAGEMENT
53%INCREASED
PRODUCTIVITY
40%INCREASED REVENUE
26%DECREASED
COSTS
16%DECREASED TURNOVER
More evidence that developing employees through eLearning benefits businesses:
The Skillsoft Effect:
11% average increase in employee satisfaction 3
Businesses with a strong learning culture have employee engagement and retention rates
30-50%
higher than their peers.2
1 “2016 Brandon Hall Group Learning Technology Study.” David Wentworth, Brandon Hall Group, 2016. 2 “Becoming Irresistible: A New Model for Employee Engagement.” Josh Bersin, Deloitte Review Issue 16, Deloitte University Press,
January 26, 2016. 3 “How Skillsoft Moves the Needle.” Skillsoft, 20164 2016 Impact Analysis Benchmarks. Skillsoft, 2016. 5 “2014-15 Towards Maturity Benchmark Report | Modernising Learning: Delivering Results.” Towards Maturity, November 2014. 6 “Employees Need Modern Learning to Aid Customers and the Organization” Zach Lahey, Aberdeen Group, January 20167 “How eLearning Dramatically Reduces the Corporate Training Costs.” Christopher Pappas, eLearning Industry, July 10, 2014
0 2 . I N C R E A S E D P R O D U C T I V I T Y
14%Learning innovation drives a 14% improvement in productivity 5
73% of learning leaders report positive changes in staff behavior 5
The Skillsoft Effect: 8.1% improvement in cycle time 3
73%
8.1%
0 3 . I N C R E A S E D R E V E N U E
84% greater year-over-year revenue
improvement per FTE for companies that use mobile learning6
The Skillsoft Effect:
8.2% increase in sales 3
0 4 . D E C R E A S E D C O S T S
Implementing eLearning helped Ernst & Young, IBM, Cisco, and Dow Chemical all reduce training costs by
30% or more.7
The Skillsoft Effect:
$800k American Heart Association’s
annual L&D savings
$330m US Army’s L&D savings
over one fiscal year
0 5 . D E C R E A S E D T U R N O V E R
The Skillsoft Effect:
$300k saved in turnover costs by the SSFCU in the first year 4
Learning innovation drives a 9% reduction in staff turnover5
Skillsoft's Impact
The Skillsoft Effect:
312% USO’s ROI on eLearning
8/10 end users apply what they
learned within 6 weeks4
90%
75%
97%
75%
of respondents experienced a marked improvement in skills
critical to their jobs4
of end users would recommend Skillsoft eLearning to a friend
or colleague4
90%
of learners said the eLearning content is
relevant to their roles in the workplace4
97%
