For any L&D professional looking to examine the relationship between workplace training and its business benefits by analyzing the collected data, ‘Data & Business Benefits’ – the final instalment in our 3-part ‘Data, Nudges & Learning’ Open Learning Experience (OLX) – delved into the core measures, such as Return on Investment (ROI), as well as some of the less obvious impacts that data analytics can inform.
Over a two week facilitated period, we also observed the ways of using information regarding the impact on performance to optimize your programs, as well as how to communicate the business benefits to your organization; making the case for ongoing investment in training and development.
Key Learning Points: Part Three
The first two instalments of our OLX observed the ‘how’ of data in learning. We looked at both Nudge Theory and Learning & Motivation Theory, exploring how its principles can be applied to L&D initiatives to provide a more personal experience for the learner.
We then examined the ways in which the data you collect interacts with your course design, the part it plays in informing future decisions and facilitating more impactful change.
But for part three, we shifted the focus to the ‘why’ of data, taking a look at how the xAPI can be used to determine the ROI of your investment, as well as exploring how data is put to work in Learning Locker® and the value in collecting different data types.
The facilitated portion of our OLX has come to an end, but the course will remain open for the foreseeable future, meaning you can dive back into the platform anytime you want a refresher.
In the meantime, the key learning points and the resources needed to aid your understanding are listed below
- Understanding the role of data in determining the real impact of your training investment
- Understanding the business benefits of an ongoing training program
- Understanding the kinds of data worth collecting/analyzing
- Keeping Your Training Program Funded: 10 Steps to Training ROI
- How Investing in Employee Training Benefits Your Business
- Nine to Thrive HR: Measuring Learning ROI on a ‘Glocal’ Level
New to the experience? The facilitated portion may have ended, but that doesn’t mean you can’t still join the ‘A Guide to Enhancing Engagement: Data, Nudges & Learning’ 3-part OLX. Start from the beginning now.
Libby graduated from the University of Winchester in May 2018 with a degree in Media and Communication and soon after joined HT2 Labs as a Digital Communications Officer.
Following their acquisition in June 2019, Libby is now a Senior Marketing Executive at Learning Pool and with a keen interest in content marketing, Libby’s day-to-day involves blog writing, press releases, case studies and more!
Outside of work, Libby enjoys all things health and fitness related, including long walks and morning swims. Having spent 9-weeks travelling Central and South America before University, Libby is a keen traveller and you’ll often find her planning her next trip with her partner.