training dashboard

What is the best way to make your company better?  Is it buying new computers?  Refurbishing office?  Investing millions in you equipment and production facilities?  Well, these are quite effective and common methods of improving performance of a company.  But have you ever thought who earns money for your company?  Is it management board?  Is a general director?  Well these people are of very important and the company.  But at the same time ordinary employees are those who do everyday work and earn profits for the company dollar by dollar, concluding new contracts and finding new customers.  So this is personnel you should invest in personnel, as investments in personnel are known to be the most effective, lucrative and long lasting.

Use training dashboard to evaluate efficiency of training campaign

Use training dashboard to evaluate efficiency of training campaign

How can you make your personnel better?  This is a very easy question which has one definite answer – through training.  From time to time people working for your company need to undergo training.  The more professional personnel you have the more competitive your company is which is very important in today’s markets.

Training isn’t as easy as it might seem a different glance.  One needs to locate problems, select study material and organize proper training sessions.  Moreover, it is important to apply acquired knowledge in practice.  Theory is good, but theory does not drain any profits.  As known, earning money is the ultimate goal for any business.

Training evaluation is extremely important since ineffective training is just a stupid waste of money and time.  On the other hand, effective training will inevitably result in higher revenue rate, since your employees will work better and use knowledge to earn money for the company.

Smart and progressive managers use balanced scorecard system to properly evaluate training efficiency.  This is training dashboard consists of a number of KPIs – key performance indicators which show whether or not training campaign is effective.  It is very important to select major KPIs and focus on most important factors.

Cost per employee is considered one of the major KPIs in training dashboard.  This indicator shows how much money you spend for one training session for one employee.  Spending much money is good but then we need to consider another KPI – expected revenue rate.  So, if you spend more than you got then your training is ineffective.

You can also evaluate cost savings and track your training budget.  If it is increasing all the time and your revenue is growing that you’re on the right track.

Select the most important KPIs in training dashboard

Select the most important KPIs in training dashboard

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