This measure calculates the percentage of time that the Chief Executive Officer (CEO) (i.e. the officer who has ultimate management responsibility for an organization and reports directly to a board of directors accountable to the company's owners) and senior leadership spent on leadership development out of their overall time. It is part of a set of Process Efficiency measures that help companies optimize their "develop and train employees" process by minimizing waste and refining resource consumption.
Percentage of CEO and senior leadership time put toward leadership development
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.
The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.