Learning & Development
Training is an investment in your organization’s success. SPC NXT’s Learning & Development solutions protect that investment by measuring training effectiveness, finding areas for improvement, and ensuring you reach business objectives.
Learning & Development analytics involves measuring, collecting, analyzing, and reporting data about trainees, and training programs to understand and optimize learning and its impact on an organization.
Most accepted definitions refer to analytics in the education space, not the corporate space. The SPC NXT team has expanded on these definitions to describe these analytics in the corporate space. The key part of this definition is the second half. Analyzing learning and development in a corporate context ultimately contributes to improving organizational performance.
Trainee Analytics
Trainee analytics seeks to understand more about a specific employee or group of employees engaged in activities where learning is one of the outputs. We use it to provide clients insights about usage patterns and performance for specific trainees, such as:
- What skills does this employee/group have? Where are the gaps?
- Who needs development? Who are high-potential employees?
- What topics are these trainees interested in?
Training Program Analytics
Training program analytics seeks to understand how an overall training program is performing. Training program analytics answer questions about the trainee’s strategic impact on the business, such as:
- Do trainees behave differently after completing the training?
- Has organizational performance improved because of training?
- Was this method of training cost-effective for the company?
- Which training methodology is more effective for the company?
We cover training programs such as:
SPC NXT’s Dashboards
Levels of Training Analytics
Measurement
Analytics starts with measurement or the simple act of tracking things and recording values to tell us what happened.
Data Evaluation
Once the data has been captured, it’s time to start evaluating it and assessing whether the data means something good or bad.
Predictive Analytics
We’re applying statistical techniques to understand, not just what happened, but why it happened. Predictive Analysis creates theories about causation, allowing you to focus on what works best and scrap ineffective training.
3 Phases of Effective Learning & Development
Our three phases of L&D strategy allow organizations to upskill and reskill employees that align with their corporate goals, based upon changes in the business environment.
Phase - I
- Orientation
- Onboarding (Strict BGV)
- Technical and soft skill development
- Safety Training
- Team Training
- Managerial Training
- Refresher Training
Phase - II
- Client Process/ Culture
- Upskilling
- New Tools & Technologies
- New Process and Cross Functional
- New Law/Legislation for Business
Phase - III
- Audit Methodology as per IIA, CISA & ISACA
- Tax Regulatory Services
- Data Analytics
- Due Diligence
- Financial SOX
- TOE & TOD
- IT SOX
- TOE & TOD
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