The Towards Maturity Personalised Benchmark Report

by | Sep 4, 2014 | Articles

The Personalised Benchmark Report™ is what sets the Towards Maturity Benchmark apart from any other L&D study.

“This unique research enabled organisations to benchmark themselves against their peers. Every organisation taking part receives a Personalised Report rating them against other organisations against the 6 workstreams of the Towards Maturity Model. Those higher on the index deliver more impact and are more likely to improve implementation and integrate learning activities into the workplace. This is valuable information that you won’t find anywhere else!

– From The Bluffers Guide to Learning & Development Surveys

 

Benchmarking is all about taking action to improve results. The Towards Maturity 3-step benchmark process – Review, Compare, Act – helps you identify the actions you need to take in order to improve results and integrate learning into the workflow more effectively. Your Personalised Benchmark Report™ is the critical output that helps you directly compare your results with your top performing peers to help you define your next steps to modernising your technology-enabled learning strategy.

Your Personalised Benchmark Report™ will provide you with direct comparisons against:

  • 13 Key Performance Indicators (KPIs) – looking at business impact, staff impact and efficiency benefits that are being achieved
  • 5 Technology Take-Up Indicators – considering budget allocation and engagement, to help you review your level of investment in technology
  • Risk Indicators – to help you compare your greatest barriers to progress with others in top learning companies
  • Benefits – to help you understand the intangible benefits that are critical to delivering a modernised learning strategy
  • 21 Effective Practice Indicators – to help you understand how you compare directly with the top learning companies
  • The Towards Maturity Alignment and Engagement Indices – to help you engage stakeholders and become more aligned to business and learners.

Note that the comparison feedback in your Personalised Benchmark Report  based on the 600 L&D leaders who took part in the 2014-15 study. The participants are from private, public and not for profit organisations headquartered around the globe.

 

Here are 6 ways that you can use your Personalised Benchmark Report™ to refine your L&D strategy, engage stakeholders and improve results:


1.  Setting a Base Line

Top learning companies (organisations in the top quartile of the Towards Maturity Index) are better aligned to business needs, better equipped to support business change and agility, more able to transform learning and deliver the kind of results that matter to business. Your Personalised Benchmark Report™ helps you identify exactly where you are today on your journey to becoming a top learning company. It sets a baseline from which you can measure progress and celebrate successes.


2.  Opening New Conversations with Business – Business and Staff KPIs

If you are at the early stages of establishing a modernised learning strategy, you may not have been able to answer all the questions about business impact. Your report gives you information derived from hundreds of your peers, about the extent to which they are improving productivity, reducing staff turnover, and reducing time to competency. It provides powerful independent evidence to help you open up new conversations in business.


3.  Delivering More for Less

The personal comparisons provided for you across all of the KPIs will help you to identify opportunities to modernise your learning strategy. Use the figures here to help you build your business case for change. The Efficiency Performance Indicators provide a reliable benchmark to help you calculate time and cost saving opportunities.


4.  Understanding Strengths and Weaknesses

Time and resources are of the essence for busy L&D professionals; we no longer have the luxury of learning from our own mistakes. The Effective Practice Indicators in your report will provide you with immediate feedback via a powerful traffic light system, to show how you compare against top learning companies. This will help you understand where you are currently strong in your approach and where you can improve. These include an overall Alignment Index and Engagement Index plus details across activity areas in the 6-part Towards Maturity Model.
Click the image to read about the Towards Maturity Model of learning.


5.  Prioritising actions

Use the feedback on your Effective Practice Indicators to help you shortcut your journey to success. Don’t reinvent the wheel – instead use the report to identify top-priority actions that your team needs to take over the following year to maximise results. Revisit your responses to the study via our Online Benchmark Centre (mybenchmark.towardsmaturity.org) to identify specific action, create your action plan and then get to work, watching the results improve as the year goes by!
6.  Engaging your L&D team

Your report provides an excellent opportunity to help you engage your wider L&D team and spur them onto even greater success. Many organisations are starting to complete the benchmark as a team exercise; reviewing the report as a team can help you celebrate achievements as well as uncover new ways of working together. As you complete the study year on year it also creates an independent perspective on how far you have come on your journey.

How helpful are others finding this process?

“The Personalised Benchmark Report™ we receive each year has helped us refine our approach to modernising learning and provided practical actions that really increased engagement and saved us time.”
OD Team Leader

“The Personalised Report provides us with a really useful indicator to help plan for the year ahead – and longer term. Anyone with a remit for learning and development who is expected to deliver more for less will find the 2013 Benchmark study one of the most effective uses of their time this year!”
Learning Modernisation Manager

Read more testimonials here

Next Steps: 

The report is valued at £300 but is FREE to participants, thanks to the generous support of our Towards Maturity Ambassadors.

Compare your L&D strategy with the Towards Maturity Learning Health Check

Compare your L&D strategy

Review your L&D strategy to discover your strengths and opportunities for improvement with the Towards Maturity Learning Health Check.

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