A small investment that pays big ROI REPORT

Transcription

1 2016 A small investment that pays big ROI REPORT

2 Report highlights In 2015, Pluralsight partnered with CEB, Inc. for an independent survey to evaluate the effectiveness of its training. Nearly 2,000 people participated. Key findings include: The cost of one Pluralsight license has a 4.33X return on investment. 83% of subscribers say Pluralsight has improved the quality of their work, while 64% report an increase in work satisfaction. The average subscriber saves 1.6 hours per week and 72 hours per year resulting in a 3.6% increase in productivity. 88% of employees prefer always-available, online training to classroom-based training. report highlights 2

3 BUSINESS RESULTS 81 % 77 % Access to Pluralsight s online training gets real results The big question when evaluating training options is, will this have a positive impact on business growth, skillsets or retention? More than 4 out of 5 users reported an improvement in their job performance. Plan administrators reported a similar improvement across entire teams. Pluralsight has improved my job performance Pluralsight has improved the performance of my team The most important features When asked which of Pluralsight s features were most valuable, a significant number of subscribers chose the depth of content and expertise of the instructors. Overall, 83% answered that the quality of the content was most important. Quality of content Depth of course offerings Instructor expertise 83 % 65 % 52 % real results important features 3

4 With 24/7 training, subscribers use it when they need it Organizations provide Pluralsight training so employees have access during work hours to learn new skills and find answers to problems. Interestingly, Pluralsight subscribers actually access the training outside of work more often than at work, and 40% even access Pluralsight during breaks or downtime at the office. This suggests that employers get an additional benefit, as employees learn new skills on their own time. 80 % 88 % 25 % During work Outside work hours During commute/travel 24/7 training 4

5 Employees prefer learning options that deliver immediate answers When questions or challenges arise on a project, tech pros need to find or create the right solutions immediately. So it s no surprise that these employees prefer on-demand learning by a wide margin over classroom-based training, which can also help people skill up but doesn t provide a just-in-time solution for problem solving. Pluralsight training is immediately applicable 84% of Pluralsight users report that they use the skills they learn with Pluralsight within six weeks (55% use their new skills within the first week). The other 15% expect to be able to use their new skills at some point further into the future. WHICH TRAINING HELPS YOU MORE IN YOUR DAY-TO-DAY WORK? I AM ABLE TO APPLY WHAT I LEARN FROM PLURALSIGHT WITHIN: 1 week 55% 88% On-demand online learning 12% Classroombased learning ONLINE VS. CLASSROOM- BASED LEARNING 2-4 weeks 5-6 weeks 6% 23% Expect to apply in the future 15% learning options immediately applicable 5

6 How Pluralsight compares to other training options Today, organizations have a wide variety of training options. CEB asked how the quality of Pluralsight compares to other popular options. 71% of users reported that Pluralsight training is better than classroom training, while 86% reported Pluralsight is better than other online training. CLASSROOM TRAINING YOUR TEAM HAS TAKEN ONLINE TRAINING YOUR TEAM HAS TAKEN 71 % Significantly better than most Slightly better than most 86 % Similar to most how pluralsight compares 6

7 49% 41% 27% 18% 17% LEARNING RESOURCES Classroom Training Books Other online learning Internal training Conferences The training most often replaced by Pluralsight Although the cost of giving employees Pluralsight is low compared to other training options, the reality of business today is that spending for new tools often requires reduced spending on something else. We asked if organizations replaced another solution with Pluralsight. 69% of organizations report that it replaced at least one other option. Almost half of respondents said Pluralsight replaced classroom training, while another 17% reported it replaced conferences. An effective tool for growing skills and learning new technologies We asked users how Pluralsight has impacted their careers. Nearly 9 out of 10 reported learning a new skill they needed for work. 1 out of 4 reported receiving a promotion or new job thanks to what they learned from Pluralsight. learning resources learning new techniques 7

8 Why organizations choose Pluralsight over other options When asked about the reasons for subscribing to Pluralsight, 75% of users say the quality of the training was the driving factor. The depth of training subjects, cost savings, and 24/7 access were also key factors. KEY FACTORS IN CHOOSING PLURALSIGHT OVER OTHERS: Quality ofccontent Depth of course offerings 69% 75% Affordability 62% 24/7 access to training 58% Requested by employee(s) 33% Credibility of instructors 27% why organizations choose pluralsight 8

9 An impact across the entire organization Pluralsight provides training designed specifically for software developers, information technologists and creative employees. We asked each group several questions designed to measure the impact of Pluralsight on their business function. Highlights include: 93% of developers and 86% of IT employees report Pluralsight helps them stay up to date with technology. 84% of developers report an improvement in the quality of their code. 92% of creative employees said it has helped them master new software, while 86% said it helped improve the quality of their work. Comprehensive training is an important retention tool Hiring and retaining the best employees is critical to business success landing top talent has become more competitive than ever. 85% of employees with access to Pluralsight report a strong link between the investment in their careers and their loyalty to their employer. organization impact comprehensive training 9

10 Powerful results across the business PLURALSIGHT HAS A SIGNIFICANT IMPACT ON: Improving access to training and making it available across the organization has several benefits. This is where Pluralsight users report the most significant impact on their work. Increasing quality of my work Increasing my work satisfaction 83 % 64 % Increasing speed of my work 56 % Troubleshooting more efficiently 53 % Decreasing errors/error rates 34 % Shortening project timelines 28 % Decreasing costs for me/my team 25 % impact on business 10

11 THE AVERAGE SUBSCRIBER SAVES: Access to Pluralsight delivers big productivity gains 72 hrs per year The average subscriber saves 1.6 hours per week (72 hours per year). Assuming a 45-hour work week, this results in a 3.6% increase in productivity. Better still, productivity went up even farther the more an employee accessed Pluralsight. Those who spent 10+ hours a month reported a 115% increase in time savings over those who spent 2 hours or less. OVERALL RETURN ON INVESTMENT IS: Pluralsight delivers a 4x return on investment We asked organizations to calculate a return on investment for their Pluralsight subscriptions. They considered productivity increases, job satisfaction, decreasing the need for outside consultants and reducing costs, among other things. In total, plan administrators reported an average return on investment of When they added 4.33x w/ time savings the value of the time savings, the overall return on investment productivity gains return on investment 11

12 Make training your competitive advantage. Keep your developers and technical staff on top of the latest technology with affordable online training they can turn to whenever and wherever they need it. Pluralsight gives your team access to: Ready to seize your competitive advantage? Contact us: ,500+ IT, developer and creative online courses with new ones added daily Up-to-date, original content authored by industry experts On-demand training so employees can watch and learn wherever they are, when it s convenient and on any device Management portal and reporting to monitor progress