Defining Your Training KPI Effectively



Join Balanced Scorecard Group 

Practice-based Balanced Scorecard Trainings

Online KPI Dashboard Sign up with web-based KPI Dashboard:

  • Access your KPIs online;
  • Measure your success;

Navigation: All Balanced Scorecard Articles > BSC Training

Trainings are important since they can enhance and develop the skills of your workers. With training KPI, you can easily measure the progress of the training process without difficulty. Check additional information about Training KPI.

Training is an activity where you will be able to acquire skills, knowledge and competencies which is why most companies require their employees to undergo training first before working for the organization. This will increase the chances of overcoming the challenges and reducing the risks that might arise especially now that the business world is full of competition. In order for the employers to make sure that the trainings and the drills are completely helpful for your company, you need to measure the processes. This can be done by means of using the training KPI.

The key performance indicators are being used worldwide to gauge different areas particularly for businesses. You will be able to determine the problem regions just in time for you to make the right decisions so that you can keep the company in a great shape. You will need a good set of employee training indicators in order for you to keep track of the progress of the training process. Since there are several KPIs that you can choose from, you need to select wisely so that you can manage the training procedure effectively.

To start things off, you need to specify first the aspects that are associated with training. These include the costs, the hours and the satisfaction. In costs, you will have to be prepared because every training process needs to have a budget ready. Aside from that, the employees that are involved in the training will mean that there will be less production in your business because they are heavily involved in the activity. Training costs is an effective indicator due to its ability of giving you the data that you need regarding the expenditures of the company, which include the percentage of the salaries and wages of the employees.

When it comes to the training hours, you will need to consider the average number of training hours for every employee participating in the process. Training satisfaction on the other hand can be obtained by inquiring about the subject to the employees. You can ask them how content they are after every training procedure. There are also other efficient KPIs that you can use to know how well the training is going. Among them is by getting the total number of training certificates, which can be obtained by getting the total number of the employees who are able to complete the programs.

You can also keep track of the training courses and the training results. In the former, you can get the percentage here through the number of the courses offered and the courses implemented for the training process. In the meantime, the training results can be measured through the percentage of the employee who have participated in the training, the average time it takes until the level of competence during the training and the percentage of the employees who have successfully reached the target level.

You can also ask other members of your team so that you will know how you can measure the training progress correctly. You can also seek advice from experts about how they calculate the efficiency of their own training programs.

If you are interested in Training KPI, check this link to find out more about key performance indicators. Also, you can check other articles in BSC Training category.



 

10 steps self-education plan for Balanced Scorecard.

Subscribe to BSC Articles newsletter to learn more about how-to articles, BSC development and implementation.

Balanced Scorecard Toolkit 
Balanced Scorecard Toolkit includes step-by-step manuals, documents, presentations, check lists designed to help business professionals with successful development and implementation of Balanced Scorecard. Learn more about
BSC Toolkit.

Free Balanced Scorecard Templates

 

Balanced Scorecard Software - BSC Designer



Copyright © 2000-2010 Scorecard Report. All rights reserved.