Would you be prepared to throw away $1000 per employee? According to the 2020 Training Industry Report, that was the average training expenditure per employee during 2020. If your organization’s training is missing the mark, then multiply the number of employees you train annually by $1000 for a picture of how much of your budget is being burnt rather than used successfully.
Since the amount adds up quickly, it is fortunate that using 36-degree competency-based assessments will go a long way to fixing this situation.
Sign up for free to implement 360-degree competency-based assessments with an award-winning LMS
What is a competency-based assessment?A human resources organization which specializes in competency-based management practices defines it as: “any tool which measures observable behaviors that successful performers show while performing a job”.
Tags: elearning • Employee Training • LMS