• Impact on business goals 

Learning impact is achieved when L&D leaders come up with proper workforce skill assessments and assign the right training to the right roles. This automatically addresses the skill gap and improves the overall ability of the workforce, who are now empowered to directly influence the success of their organization. When an individual learns more, they are adding their knowledge, insights and their own creativity while performing a given task, which not only adds immense value but also improves overall morale. This step-by-step process to improve skills and focus on business goals is called knowledge value chain.  

Best practices 

How to reach business goals with focused learning programs? 

• First, we need to define business goals  

L&D professionals must continuously work with the executive team and business development team to clearly understand the goals of the business as well as the desired outcomes. This clear understanding of business goals will help them assign the right training to specific roles and consistently track progress and provide accurate feedback. This way, your workforce is aligned to the business goals too.  

• Defining learning strategy  

The hardest step in the process is to decide the proper learning strategy as everyone has diverse levels of learning, retaining and applying their skills. Here, skill assessments play a key role, for example Yaksha’s skill assessments allow L&D leaders to easily find skill-bottlenecks, assess training needs, and assign custom assessments according to specific roles easily. Most businesses use Learning Experience Platforms and Learning Management Systems to track the progress of their employees.  

• Reporting and analysis 

It is always wise to have measurable indicators of learning for your workforce. A report and analysis plan that gives you a better idea of the training needs and provides a better picture of what is to be added and what can be removed. These reports can help L&D leaders make quick, informed decisions and adjust the training regiment on the go. Constant communication with your workforce also provides you a better understanding of requirements on an individual level, while increasing employee morale.  

• Action Plan 

To achieve business goals in an efficient manner, you need to have the right insights, a steady plan and smooth execution. Execution becomes easier when you have accurately assessed the skill requirements and that should go together with business outcomes. When you have the right plan set in motion, you can make periodic tweaks to your l&d strategy that addresses specific pain points. Once those are achieved, you can set new goals and work towards achieving them. You can follow the model below for a better understanding.  

Conclusion: 

The most successful businesses consider strategy as more of a direction and agenda of decisions rather than just a ‘plan’. There might be huge gaps in your company’s L&D strategy, but they can always be refined and made better through simple steps. L&D leaders need to align business leaders and workforce into the same focused direction to achieve business goals faster, with higher efficiency and improve overall morale.  

“An investment in knowledge pays the best interest.”
-Benjamin Franklin 

Yaksha is your one stop shop for all your assessment needs, where you can create customized assessments, create Codathons and Hackathons that can find you right skills for the right roles.