Measuring learning ROI and achieving capability with the Alchemy Learning Pathway
People Alchemy has launched the Alchemy Learning Pathway and is showcasing its ground-breaking new SaaS platform that accelerates the time to proficiency for people new into a role at Learning & Skills Exhibition in January 2014.
The Alchemy Learning Pathway uses the latest informal learning concepts to ‘manage’ the 70% experiential and 20% social parts of the learning process and promote self-directed learning.
The New Manager Pathway is available off-the-shelf, but anybody can create a learning journey on the platform for any role.
"Getting new managers started is a process; it takes time as they absorb experience and knowledge from their activities. So how about exposing a new manager to those essential scenarios in a more structured and purposeful way?" asks Paul Matthews, Managing Director of People Alchemy.
"People Alchemy has created a structured experiential pathway for a new manager to optimise the time to proficiency. Couple this with a mentoring component and a simple way to measure return on investment (ROI), and you have a powerful tool."
People will learn most of what they learn in a new job role through informal learning. A structured experiential pathway accelerates that process. In effect, this exercises some control over the content and rate of the 70% and 20% of the 70:20:10 model. And of course, some of the 10% formal training can be added as well.
All this, as well as the ability to capture the value that is added to the organisation and display it week-by-week on a chart to provide an ROI figure that is visible and verifiable.
Paul Matthews adds: “In the short time since the launch of our new learning pathway tool the response has been very enthusiastic. The universal response is that it is new, and nearly everyone immediately identifies an opportunity within their organisation where it could be implemented alongside current learning programmes. They particularly like the way that the tool measures the value, and therefore the ROI of any learning initiative it is coupled with.”