Average time in calendar days (including weekends) to close an identified skill or capability gap in business skills (e.g., analytics, business acumen, project management and industry/occupation specific skills) through training

This measure calculates average time in calendar days (including weekends) to close an identified skill or capability gap in business skills (e.g., analytics, business acumen, project management and industry/occupation specific skills) through training. Cycle time is the total time from the beginning of a process or activity to the end. This includes both time spent actually performing the process or activity and time spent waiting to move forward. This Cycle Time measure is intended to help companies analyze this duration related to the process "Develop and train employees".

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
108878
Total Sample Size:
1,126 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes

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Compute this Measure

Units for this measure are days.

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Average time in calendar days (including weekends) to close an identified skill or capability gap in business skills (e.g., analytics, business acumen, project management and industry/occupation specific skills) through training

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (7.3.1)

  • 7.3.4.1 - Align employee with organization development needs (10490)
  • 7.3.4.2 - Define employee competencies and skills (16940)
  • 7.3.4.3 - Align learning programs with competencies and skills (10491)
  • 7.3.4.4 - Establish training needs by analysis of required and available skills (10492)
  • 7.3.4.5 - Develop, conduct, and manage employee and/or management training programs (10493)
  • 7.3.4.6 - Manage examinations and certifications (20125)
    • 7.3.4.6.1 - Liaise with external certification authorities (20126)
    • 7.3.4.6.2 - Administer certification tests (20127)
    • 7.3.4.6.3 - Appraise experience qualifications (20128)
    • 7.3.4.6.4 - Administer certificate issue and maintenance (20129)
  • 7.3.4.7 - Monitor and evaluate learning programs (21436)