Boost Training Efficiency and Close Skills Gaps with Internal Benchmarking

Benchmarking is a practice that enables organizations to create a data-driven foundation for decision-making, provides context around performance to help identify improvements, and uncovers new practices for adoption across an enterprise. Organizations often carry out benchmarking by comparing their performance on key measures against external peers and competitors. However, if you’re not also benchmarking within your own four walls, you may be missing opportunities to find improvements that lead to breakthrough performance for key HR processes. 

The average time it takes to close an identified skill gap through training is a good example of a measure that can help drive value for HR and the business through internal benchmarking. After breaking down our data for this measure, we explain how to use it most effectively and what you can do to improve your performance if you find it lagging. 

This article was first published in partnership with Human Resource Executive. 

Click here to view the article on hrexecutive.com.