What is benchmarking?

Benchmarking is used by companies to understand their current market position by comparing their business processes and performance metrics to those companies considered best practice or best within the industry.

The importance of benchmarking

Benchmarking is extremely valuable for companies seeking a competitive advantage within their industry. It is typically used to identify performance areas and opportunities for improvement.

This review process should be seen as an annual organisational health check. It shouldn’t be a one-time thing; revisiting it regularly means you can measure progress year on year!

Benchmarking tool for L&D

Our sister company, the L&D research and analyst organisation Towards Maturity, runs a FREE independent benchmarking tool, the Learning Health Check.

What is the Learning Health Check?

Whatever your starting point, wherever you are in the world, whatever industry you work in and whatever the size of your organisation, the Learning Health Check analyses where you are now by uniquely benchmarking your strategic learner intelligence against top performing organisations so you can make real change and create more impact for your organisation.

The Learning Health Check provides evidence-based insights that L&D and business leaders across the globe use to improve their learning strategies and performance.

Take the FREE Learning Health Check today: Click here to get started

Benefits of the Learning Health Check

Watch this short video where Towards Maturity outline the advantages of the Learning Health Check:

By completing the Learning Health Check, companies get to benchmark themselves against thousands of other high performing organisations across a range of sectors. As part of the benchmarking, Towards Maturity analysts assess the processes, practices and performance metrics of organisations and use that information to provide industry-specific insights and recommendations.

Towards Maturity benchmarks organisations against six characteristics which it says impacts on the four critical levers of business:

  1. Growth
  2. Transformation
  3. Productivity
  4. Profitability (sustainability for not-for-profit organisations).

A whopping 97% of organisations that take part in the Learning Health Check say that the very process of completing the review gives them new insights on how to be future fit.

And that’s before they even gain access to the insights generated by Towards Maturity and use them to improve their learning strategy.

How to take the Learning Health Check

Although the benefits are deep and far-ranging, the actual process is relatively simple and time efficient.

Organisations are guided through a series of questions about their learning strategies and goals and the process is designed to take about 45 minutes.

The idea is that participants reflect on current practice and how well it is serving the needs of the organisation.

Once the Learning Health Check is completed, participants can view their results the same day on their personalised dashboard (notified by email when this is available).

CLICK HERE to take the FREE Learning Health Check today!

Watch a demo of the Towards Maturity dashboard below:

Case studies

Many high performing, high profile organisations have completed the Learning Health Check over the years.

Here are links to three case studies:

  1. First Port
  2. River Island
  3. Coca-Cola Hellenic Bottling Company

Find out more

To find out more about the Towards Maturity Learning Health Check, visit: https://tmhealthcheck2019.questionpro.eu/?ext_ref=GP