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The Top 10 Tools to Measure
            Corporate Universities

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The Top 10 Tools to Measure
  Corporate Universities

Speaker:     Jeffery Berk
             Chief Operating Officer
             Knowledge Advisors


Moderator:   Mike Prokopeak
             Vice President, Editorial Director
             Chief Learning Officer magazine




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The Top 10 Tools to Measure
  Corporate Universities



              Mike Prokopeak
              Vice President, Editorial Director
              Chief Learning Officer magazine




                                         #CLOwebinar
The Top 10 Tools to Measure
  Corporate Universities


           Jeffery Berk
           Chief Operating Officer
           Knowledge Advisors




                                     #CLOwebinar
The Top 10 Tools to Measure Corporate Universities

                                          Jeffrey Berk
                                Chief Operating Officer
Agenda

Review the importance of measuring a corporate university

Discuss the measurement plan to gather timely, credible
data

Showcase sample reports, statements, dashboards and
scorecards




August 9, 2012         © 2012, KnowledgeAdvisors           8
About KnowledgeAdvisors




August 9, 2012           © 2012, KnowledgeAdvisors   9
Some of Our Clients
A Program with an Unhappy Ending
1. Company A went back 2 years… and identified
   that they had 1,019 people rated #3, “needs
   improvement” in recent performance reviews
2. They calculated that they spent an average of
   $13,090 per year on highly visible performance
   management (Coaching, counseling,
   mentoring, retraining and manager time) to
   elevate them to #1’s ,“high performers”
3. They identified 2 years later… the number that
   were currently ranked as #1’s, was ZERO
                                        Source: Dr. John Sullivan, Presentation at Analytics Symposium

August 9, 2012      © 2012, KnowledgeAdvisors                                                  11
When Do I Need to Measure?
Corporate Universities are ….

 Strategic...aligned to an executive initiative
 Visible...awareness by senior management
 Costly...more money than a typical program




strategic                                                 costly
                         visible
August 9, 2012                © 2012, KnowledgeAdvisors            12
Measurement Plan ‘Top 10’
1. Identify Key Performance Indicators
2. Create Smart Sheet Evaluations
3. Build Communication Plan
4. Design the Dashboard
5. Provide Executive Reports, Scorecards, and Statements
6. Conduct Capability Assessment
7. Perform a Test/Certification
8. Gather Sponsor Satisfaction Data
9. Deploy On-the-Job Reinforcement
10. Conduct Business Impact Exercise


August 9, 2012            © 2012, KnowledgeAdvisors    13
Identify Key Performance Indicators
                                 Outcome Metrics - Business Outcomes
                                 •Leader Retention (Leadership)
                                 • Time to Performance (On-boarding)
                                 • Win Rate (Sales)
                                 Effectiveness Metrics – Program
                                 Performance
                                 •Delivery Quality
                                 •Knowledge Gain
                                 •Application to Job
                                 •Business Alignment
                                 •Value
                                 Efficiency Metrics – Cost and Activity
                                 •# of Participants
                                 •% of Employees Trained
                                 •Total L&D Investment
                                 •L&D Investment per Participant
                                 •Courses Utilized
                                 •Classes Conducted
                                 •Instructors Utilized
                                 •Locations Used


August 9, 2012   © 2012, KnowledgeAdvisors                          14
Create ‘Smart Sheet Evaluations’

                                               Not only
                                               evaluate
                                               The training
                                               but also the
                                               process
                                               such as on-
                                               boarding or
                                               leadership
                                               development
                                               or sales
                                               effectiveness
                                               .




August 9, 2012     © 2012, KnowledgeAdvisors                   15
Build Communication Plan


A communication plan is a document that
can be distributed to participants and
sponsors that outline the context for
measuring the program as well as
what, when and how measurement will be
done.

This helps with change management and
project management.




 August 9, 2012                © 2012, KnowledgeAdvisors   16
Design the Dashboard

 A visual, concise data
representation

 Shows the
efficiency, effectiveness
and outcome metrics

Data from
evaluations, tests, assess
ments imports, LMS /
HRIS feeds, uploads, etc.
August 9, 2012         © 2012, KnowledgeAdvisors   17
Reports, Scorecards, Statements
 Reporting for a non L&D
audience that emphasize
efficiency, effectiveness and
outcomes.

 Reporting for L&D
executives that focus on
satisfaction to impact and
value

 Hold quarterly reviews with
L&D execs and sponsors


August 9, 2012         © 2012, KnowledgeAdvisors   18
Conduct Capability Assessment
Conduct a 180 or 360 of core competencies to identify blind spots and hidden
strengths specific to the desired behaviors participants are to improve




 August 9, 2012                 © 2012, KnowledgeAdvisors                      19
Perform Test/Certification
Validate critical knowledge and increase participant confidence with a test.



 1. Take Test


                   2. Receive Feedback

                                         3. Receive Certificate




  August 9, 2012                         © 2012, KnowledgeAdvisors             20
Sponsor Satisfaction Data
Gather feedback from key sponsors at key milestones regarding their overall
satisfaction with the program and its outcomes.




August 9, 2012                 © 2012, KnowledgeAdvisors                      21
On-the-Job Reinforcement
Use goal setting tools to establish and track changes in business results or
behaviors when participants are on-the-job. It also can identify scrap learning.




August 9, 2012                  © 2012, KnowledgeAdvisors                      22
Business Impact Exercise
 Control Group (side by side)
 Determine if learning projects influenced
  employee retention
 Employees with no learning projects
  averaged a turnover rate of 21%
 Employees with 2 or more learning
  projects averaged a turnover rate of 2%
 Clearly the control group vs. learning
  group shows a difference
                                             Source: Dr. John Sullivan, Presentation at Analytics Symposium

August 9, 2012           © 2012, KnowledgeAdvisors                                                  23
Contact Information
For further information contact:
Jeffrey Berk
Chief Operating Officer
+1 312 676-4411
jberk@knowledgeadvisors.com
www.knowledgeadvisors.com
Questions & Answers



      Jeffery Berk
      Chief Operating Officer
      Knowledge Advisors
      jberk@knowledgeadvisors.com




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Top 10 Tools to Measure Corporate Universities

  • 1. The Top 10 Tools to Measure Corporate Universities You can listen to today’s webinar using your computer’s speakers or you may dial into the teleconference. If you would like to join the teleconference, please dial 1.408.600.3600 and enter access code 929 675 943 # You will be on hold until the seminar begins. #CLOwebinar
  • 2. The Top 10 Tools to Measure Corporate Universities Speaker: Jeffery Berk Chief Operating Officer Knowledge Advisors Moderator: Mike Prokopeak Vice President, Editorial Director Chief Learning Officer magazine #CLOwebinar
  • 3. Tools You Can Use • Q&A – Click on the Q&A panel (?) in the bottom right corner – Type in your question in the space provided – Click on “Send.” #CLOwebinar
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  • 5. Frequently Asked Questions Will I receive a copy of the webinar recording? YES Will I receive a copy of the slides? YES Please allow up to 2 business days to receive these materials #CLOwebinar
  • 6. The Top 10 Tools to Measure Corporate Universities Mike Prokopeak Vice President, Editorial Director Chief Learning Officer magazine #CLOwebinar
  • 7. The Top 10 Tools to Measure Corporate Universities Jeffery Berk Chief Operating Officer Knowledge Advisors #CLOwebinar
  • 8. The Top 10 Tools to Measure Corporate Universities Jeffrey Berk Chief Operating Officer
  • 9. Agenda Review the importance of measuring a corporate university Discuss the measurement plan to gather timely, credible data Showcase sample reports, statements, dashboards and scorecards August 9, 2012 © 2012, KnowledgeAdvisors 8
  • 10. About KnowledgeAdvisors August 9, 2012 © 2012, KnowledgeAdvisors 9
  • 11. Some of Our Clients
  • 12. A Program with an Unhappy Ending 1. Company A went back 2 years… and identified that they had 1,019 people rated #3, “needs improvement” in recent performance reviews 2. They calculated that they spent an average of $13,090 per year on highly visible performance management (Coaching, counseling, mentoring, retraining and manager time) to elevate them to #1’s ,“high performers” 3. They identified 2 years later… the number that were currently ranked as #1’s, was ZERO Source: Dr. John Sullivan, Presentation at Analytics Symposium August 9, 2012 © 2012, KnowledgeAdvisors 11
  • 13. When Do I Need to Measure? Corporate Universities are ….  Strategic...aligned to an executive initiative  Visible...awareness by senior management  Costly...more money than a typical program strategic costly visible August 9, 2012 © 2012, KnowledgeAdvisors 12
  • 14. Measurement Plan ‘Top 10’ 1. Identify Key Performance Indicators 2. Create Smart Sheet Evaluations 3. Build Communication Plan 4. Design the Dashboard 5. Provide Executive Reports, Scorecards, and Statements 6. Conduct Capability Assessment 7. Perform a Test/Certification 8. Gather Sponsor Satisfaction Data 9. Deploy On-the-Job Reinforcement 10. Conduct Business Impact Exercise August 9, 2012 © 2012, KnowledgeAdvisors 13
  • 15. Identify Key Performance Indicators Outcome Metrics - Business Outcomes •Leader Retention (Leadership) • Time to Performance (On-boarding) • Win Rate (Sales) Effectiveness Metrics – Program Performance •Delivery Quality •Knowledge Gain •Application to Job •Business Alignment •Value Efficiency Metrics – Cost and Activity •# of Participants •% of Employees Trained •Total L&D Investment •L&D Investment per Participant •Courses Utilized •Classes Conducted •Instructors Utilized •Locations Used August 9, 2012 © 2012, KnowledgeAdvisors 14
  • 16. Create ‘Smart Sheet Evaluations’ Not only evaluate The training but also the process such as on- boarding or leadership development or sales effectiveness . August 9, 2012 © 2012, KnowledgeAdvisors 15
  • 17. Build Communication Plan A communication plan is a document that can be distributed to participants and sponsors that outline the context for measuring the program as well as what, when and how measurement will be done. This helps with change management and project management. August 9, 2012 © 2012, KnowledgeAdvisors 16
  • 18. Design the Dashboard  A visual, concise data representation  Shows the efficiency, effectiveness and outcome metrics Data from evaluations, tests, assess ments imports, LMS / HRIS feeds, uploads, etc. August 9, 2012 © 2012, KnowledgeAdvisors 17
  • 19. Reports, Scorecards, Statements  Reporting for a non L&D audience that emphasize efficiency, effectiveness and outcomes.  Reporting for L&D executives that focus on satisfaction to impact and value  Hold quarterly reviews with L&D execs and sponsors August 9, 2012 © 2012, KnowledgeAdvisors 18
  • 20. Conduct Capability Assessment Conduct a 180 or 360 of core competencies to identify blind spots and hidden strengths specific to the desired behaviors participants are to improve August 9, 2012 © 2012, KnowledgeAdvisors 19
  • 21. Perform Test/Certification Validate critical knowledge and increase participant confidence with a test. 1. Take Test 2. Receive Feedback 3. Receive Certificate August 9, 2012 © 2012, KnowledgeAdvisors 20
  • 22. Sponsor Satisfaction Data Gather feedback from key sponsors at key milestones regarding their overall satisfaction with the program and its outcomes. August 9, 2012 © 2012, KnowledgeAdvisors 21
  • 23. On-the-Job Reinforcement Use goal setting tools to establish and track changes in business results or behaviors when participants are on-the-job. It also can identify scrap learning. August 9, 2012 © 2012, KnowledgeAdvisors 22
  • 24. Business Impact Exercise  Control Group (side by side)  Determine if learning projects influenced employee retention  Employees with no learning projects averaged a turnover rate of 21%  Employees with 2 or more learning projects averaged a turnover rate of 2%  Clearly the control group vs. learning group shows a difference Source: Dr. John Sullivan, Presentation at Analytics Symposium August 9, 2012 © 2012, KnowledgeAdvisors 23
  • 25. Contact Information For further information contact: Jeffrey Berk Chief Operating Officer +1 312 676-4411 jberk@knowledgeadvisors.com www.knowledgeadvisors.com
  • 26. Questions & Answers Jeffery Berk Chief Operating Officer Knowledge Advisors jberk@knowledgeadvisors.com #CLOwebinar
  • 27. Join Our Next CLO Webinar Social Learning – Mining the Untapped Knowledge Tuesday, August 21, 2012 CLO Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register at www.clomedia.com/events Join the CLO Network: http://network.clomedia.com/ #CLOwebinar