Opening a New Conversation with Business Leaders: It's Time For Action
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Transcript of Opening a New Conversation with Business Leaders: It's Time For Action
OPENING A NEW CONVERSATION WITH BUSINESS LEADERS: IT’S TIME FOR ACTION
June 17 2015
Laura OvertonTowards Maturity
L&D HAVE THE VISION FOR A MODERNISED LEARNING STRATEGY
BUT THE VISION CAN’T BE DELIVERED WITHOUT WORKING HAND IN HAND WITH THE BUSINESS
BUSINESS LEADERS HAVE US BOXED-IN
SLASH
COSTS!
BARGAINCOURSES!
HOW DO WE OPEN A NEW CONVERSATION?
DO WE SHOW UP AND ‘THROW UP’?
IS IT DEATH BY QUESTIONING?
OR DO WE BRING INSIGHT AND FRESH IDEAS?
DATA-DRIVEN DECISION-MAKING
PERSONALISE
IMPROVE PERFORMANCE
PREDICT
PERSUADE
PLAN
THE BIG QUESTIONS
The current conversationWhat’s working and what
isn’t?
How do we grab the attention AND commitment of business
stakeholders?
How do we/ should we use hard evidence in our
conversations?
How do we change the perception of L&D from
delivering courses to delivering value?
THE WISDOM OF THE CROWD!
The current conversation between business and L&D
What is working and what isn’t?
1
The wisdom of the crowdCurrently the conversation is:
• Transactional• Reactive• Order takers
This doesn’t work when we want to influence change in L&D strategy and get leaders on board.
What works:• When we are an integral part of
HR or operations• When we are seen as experts• When we either are invited to
contribute at a business level (seat at the table) or have an influential stakeholder to back us
How do we grab the attention AND commitment of key business stakeholders?
2
The wisdom of the crowd
• Use business language; focus on business outcomes
• Identify what data is needed to prove the case for action
• Demonstrate a contextual understanding throughout
• Be predictive
• Be hardwired into business vision and strategy
• Show how you will both help them make and save money
WHICH OF THE FOLLOWING BUSINESS OUTCOMES JUSTIFY A SUBSTANTIAL INVESTMENT IN WORKFORCE DEVELOPMENT FOR CEO’S?
→ Lower employee turnover→ Increased employee engagement→ Positive ROI→ Change in business direction→ Reduced cost→ Increased productivity→ Greater responsiveness to the new→ Increased profitability → Stronger Employee brand
55% Increased productivity40% Greater responsiveness to new39% +ve employee engagement37% Increased profitability 36% Lower employee turnover
22% Positive ROI18% Reduced cost14% Change in business direction11% Stronger Employee brand
LauraOvertonTowardsMaturity #LTSF15
© Towards Maturity 2015
How do we use evidence?What do we currently use? What is working and what isn’t? What should we use? 3
The wisdom of the crowd• Is the evidence we use listened to? Find out what
is relevant to our audience; we need to understand our business stakeholders
• We’re using the wrong evidence: reporting costs will cause them to see us as a cost centre
• Too much focus on learning language e.g. competency , curricula, courses, will not engage business leaders
We mainly use dashboards (often via LMS) that monitor learning inputs:
• Attendance • Retention• Test results• Survey findings• Completion rates
To capture business attention we need to look at:
• KPI’s – business related• Performance benchmarks• Academic evidence and papers• Controlled pilots (very successful in sales• Student outcomes• Case studies
Gaining Market Share17% rise in customer satisfaction
10% improvement in revenue Talent
9% reduction in attrition
17% improvement in engagement
14% improvement in productivity
12% reduction in time to competency
Deliver New Products & ServicesChange new products & services 23% faster
Roll out new IT applications 26% faster
USING EVIDENCE EXTERNALLY SOURCED FROM YOUR ORGANISATION:
IF YOUR BUSINESS COULD ACHIEVE A FRACTION OF THESE BENEFITS, WOULD YOUR C-SUITE BE
INTERESTED?
AND Deliver Efficiency - 17% Cost reduction+21% Volume- 22% Delivery time - 20% Study time
Source: Modernising Learning: Delivering Resultswww.towardsmaturity.org/2014benchmark
WWW.TOWARDSMATURITY.ORG/LEARNERVOICE2
IF THE LEARNERS ON THE FOLLOWING PAGE WERE YOUR STAFF, WOULD YOUR C-SUITE BE INTERESTED IN NEW IDEAS TO ENGAGE THEM?
Download the full report for insights into how line managers, sales and different generations learn at work.
EXAMPLE EVIDENCE FROM THE TOWARDS MATURITY LEARNING LANDSCAPE AUDIT
59% travelling to/from work
41% at point of need
37% evenings and weekends
In-house network
Google+
You Tube
0%
2%
6%
8%
11%
17%
Which social networks do new starters use for learning?
THE NEW STARTER’S VOICE
Top 3 factors that contribute to great online learning
57%
Relevant& Timely
49%
Tutor support
30%
Certification/Collaboration/Quality design
→ 91% are willing to share what they know
→ 26% need help starting→ 67% are motivated by
technology for sharing
How do new starters learn what they need to do their job?
→ 96% team collaboration→ 92% manager→ 88% general conversations→ 81% web searches→ 72% formal education→ 66% mentoring/coaching → 58% internal documents
→ 50% use a work mobile → 44% use their own mobile→ 51% use home computer→ 83% like to learn at their own pace→ 68% know what learning they need
(53% know where to get it)
(48% find online performance support 42% MOOCs, 41% e-learning and 53% live online learning essential or very useful)
300+ learners who have been in role less than 6 months © Towards Maturity 2015, Learner Voice Part 2: www.towardsmaturity.org/learnervoice2
96%OF NEW STARTERS
FIND TEAM COLLABORATION
ESSENTIAL OR VERY USEFUL
“I know what qualifications I want and need to progress in my chosen area of interest, though some visibility of jobs other than on-job news would be nice. I lack a support community to help me
through awkward exams.”
How do we change the perception of L&D from delivering courses to delivering value?
4
TOP TIPSThe wisdom of the crowds• When you communicate, use their
language at the table.• Understand what constitutes value to
business leaders (and demonstrate it)• Be on the same page when it comes to
business impact• Stay focused on outcomes• Encourage learning councils to be
headed by senior business executives• Support line managers: it will help you
gather evidence• Take a consultative approach: don’t be
afraid to challenge and bring insight• Show that you are using data to drive
decisions in L&D rather than latest fads• Demonstrate that you understand the
world of business
BASED LEARNING STRATEGY!
↗ It rebuilds our CONFIDENCE↗ It boosts our CREDIBILITY↗ It equips us to CHALLENGE
preconceived ideas with insightful new solutions
MY TOP TIP:
DEVELOP AN
What will you do differently as a result today?
NEW RESOURCE: BRINGING LEARNING TO THE BOARDROOM
Request your copy of this resource
How to open new conversations with business leaders
Bringing learning to the boardroom
In conjunction with LEO
OPEN NEW CONVERSATIONS
Ask us for a curated evidence pack:
• Predict• Plan• Persuade• Personalise• Improve
Performance
Send us a request through Slideshare
Towards Maturity is a benchmarking practice that provides authoritative research and expert consultancy services to help assess and improve the effectiveness and
consistency of L&D performance within organisations. It leverages the data gathered from the largest learning and development benchmark in Europe.
Download our case studies to support your business case for change at:www.towardsmaturity.org
Find out your own Towards Maturity Index™ to see if you are amongst the top learning companies at: www.towardsmaturity.org/mybenchmark
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