Technology is evolving faster than ever before, and new breakthroughs in AI — happening on an almost weekly basis — mean that employees have to constantly be honing their skills and using new tools in their work. That pace of change means that skills intelligence — the ability to assess and verify employees across a comprehensive range of granular skills — is mission critical.
But how can you prove the value of skills intelligence? In some organizations, learning and development leaders can struggle to justify their spending on upskilling tools and assessment platforms. How can you show that your skills intelligence toolset is keeping employees focused on the right material and helping them learn faster than they would have otherwise?
Accurately measuring ROI for your skills intelligence program is essential to protect your budget and ensure you have the tools you need for the long term. Here are three different ways to evaluate ROI for skills intelligence — and what we’ve seen from Workera customers.
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Accelerate skills development
Not all skills programs are created equal. The faster your employees are able to acquire new skills — and reinforce existing ones — the more value they’ll be able to offer to the organization. A key aspect of learning velocity is skills verification. Employees that verify their current skill levels before learning will work more effectively, focusing on the content they need to learn rather than wasting time on skills they’ve already mastered. At Workera, we’ve found that skills intelligence programs deliver results five times faster when employees verify skills before learning.
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Align skills to business goals
Skills aren’t abstract ideas. They’re concrete tools that can be applied to specific projects, teams and goals. Workera offers a flexible skills framework that allows companies to map skills to onboarding, project allocation and learning initiatives. This framework makes it easier for leaders to align the skills of their employees with the needs of the business, and we’ve seen this alignment lead to a 48% increase in proficiency among our customers.
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Adapt to changing needs in real-time
When a company invests in a new technology solution, it wants to know the solution will continue to deliver value in the months and years to come. A platform that slowly becomes obsolete isn’t worth the investment. Workera’s skills intelligence platform is built on industry-leading AI, allowing it to adapt in real-time based on employee and program needs. As the company establishes new goals, integrates new technologies, and onboards new employees, the skills intelligence platform evolves to incorporate that information and ensure upskilling is tailored to each role and function.
In practice, this perpetual cycle of improvement means that your investment will deliver as much value on Day 100 and Day 1,000 as it did on Day 1. As the platform integrates more data about your employees and your organization, it will deliver stronger, faster results.
Demonstrating ROI is essential to establish, grow and defend a comprehensive skills intelligence program. L&D leaders must be able to quantify the value of their skills technology at the employee, team, and business level. Increases in learning velocity, effective allocation of skills to specific teams and projects, and improvements in the areas that matter most to the business — these are the measurable breakthroughs that will enable you to advocate for your skills program.
Today’s organizations need effective tools and strategies for AI upskilling. Stepping back from technology investments puts those organizations at risk of falling behind the competition.
To learn more about Workera and how we quantify success for our customers, request a demo from a member of our sales team.
