Optimize adoption: get the best training for your team

April 6, 2020
These days, there is no shortage of corporate training available to companies looking to upskill their workforce.  So how do you know which training options are best for you?  It’s a complex question, and one that does not have a one-size-fits-all answer when variables like cost, lost productivity, and turnover are factored in. Nonetheless, experts have put together some heuristics that you can use to guide your thinking and ensure that you are choosing effective options for your team.

 

“Information is a source of learning. But unless it is organized, processed, and available to the right people in a format for decision making, it is a burden, not a benefit.”

— C. William Pollard, Chairman, Fairwyn Investment Company  

 
2016 Brandon Hall Group Training Benchmarking StudyAs shown in the graphic here, the most used training tactics are not always the most effective.  The crown for effectiveness belongs to coaching / mentoring, yet that method ranks fifth in terms of most commonly used.  Part of that is due to the recurring nature of coaching and mentoring; this is not something that happens in the course of one session as an online module or in-person training might.  But this recurring, focused modality does ensure that concepts are instilled over a longer time horizon.

Picking the best training option

How do you know what type of training is right for you or your team? One valuable tool to help you prioritize your training needs is a 3-2-1 weighted matrix.  This tool considers three variables, subject matter importance to your organization (weighting of 3), expected training method effectiveness (weighting of 2), and training cost (weighting of 1). Each variable is ranked on a scale of 1-10, then multiplied by their relative weight in the matrix. Using this approach, you will have a quantitative measure that you can use to evaluate different training options for your workforce.  See below for an example:
Using this matrix perhaps you’ve just realized that you and your team have a training need related to your completions data. If so, we’d be happy to work with you on creating a customized training package that focuses on your specific needs. WDL can help you dive deep into all the functionality our world-class tools provide, taking you well beyond the basics into the power user realm.  This could include having an SPE distinguished lecturer illustrate how best to integrate diverter performance studies with offset pressure analyses, or how to use the WDL platform to quantify average well swap times (and identify opportunities to save minutes in a job). 
 
In times like these, all investment dollars are precious.  With that in mind, the last thing I’ll leave you with is a recent McKinsey study on the value of training.  This study found that the operational efficiencies gained by attendees of top quartile training programs showed performance gains of 3-5x over those attending average training programs.  This, in turn, led to an 8-10% increase in generated revenue between average and top quartile training participants(1). Let us help you create more value in your organization.

 

Sources:

  1. McKinsey Quarterly, Putting a value on training, July 2010

How can we help?

If you or your team have a complex use case and would like to learn the more advanced functions that our tools can provide to solve your challenges, or if you could use help with anything from data quality and control to creating a consistent daily completions report let us know. Our team now offers a variety of services, including historic data loading, daily completions reports, completions QA/QC, custom integrations, and personalized training. With each of these services, you’ll get hands-on help from subject matter experts that will provide knowledge transfer and best practices.

For more information about our Professional Services, or if you have a need not covered above, send us an email or give us a call at (720) 662-7771. Let us know what we can do to help you!