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What is Speed to Skill and Why Does it Matter?

Every employee requires a necessary investment of time and money for onboarding and training. Until they reach proficiency, organizations can’t harness their full business value. This is where ‘speed to skill’ becomes crucial – it measures the time needed to onboard and upskill individuals or teams, equipping them with the essential abilities and confidence required for competence in their respective roles.

Swiftly bridging the divide between training and proficiency is paramount. Accelerating onboarding and skill development boosts return on investment (ROI) and profitability and directly impacts key business outcomes such as reducing employee churn and amplifying overall productivity.

22% of staff turnover occurs within the first 45 days of onboarding, with the cost of losing an employee in the first year estimated to be at least three times the salary.²

5 Ways to Accelerate Speed to Skill

Fast-tracking skill development can be a bumpy road. Common hurdles to speed to skill include time-consuming instructor tasks such as one-on-one coaching and personalized feedback. Moreover, confusing training completion with competence presents another challenge, underscoring the crucial role of assessment in effective skill development.

In a study of 70 companies spanning 42 industries, Dr. Raman K. Attri, an accelerated learning scientist, discovered that even top-performing organizations face challenges in achieving efficient training with a focus on speed. Many noted their training programs, contrary to expectations, hindered the overall pace of skill development. The main problems cited were insufficient training, poor learning design practices, and subpar support systems.³

To pave the way for efficient and effective learning and development (L&D) programs, incorporate strategies that proactively address competency gaps, help learners quickly retain new information, and foster a dynamic learning environment.  Increasing the speed at which skills are acquired will, in turn, accelerate the time it takes to see an ROI by enhancing organizational efficiency.

Here are five best practices for fast-tracking speed to skill:

1. Establish Precise Learning Goals 

Start by defining clear expectations. Align your objectives with training materials to optimize the learning journey. Well-defined goals enhance engagement, keep learners focused, and fuel a desire to learn and retain information quickly. 

2. Provide Timely, Personalized Feedback 

Boost speed to skill through real-time, contextually relevant feedback. Provide immediate feedback within the learning flow to affirm positive behaviors, correct mistakes, and heighten learner engagement. Learners can promptly adjust their actions by receiving instant feedback, promoting timely and relevant knowledge retention so they are performing their job at their highest potential. 

3. Facilitate Skill Development through Practice

Skills are honed through practice, and deliberate practice reigns supreme in expediting the journey to proficiency. Ensure your training program emphasizes and consistently delivers measurable opportunities for practice, allowing learners to engage with and reinforce their newly acquired skills. Additionally, provide a safe environment where they can fail fast but safely, fostering an atmosphere conducive to effective learning and skill development.

4. Create a Consistent Evaluation Process

Set up a solid evaluation process that aligns with your learning goals to catalyze effective skill assessment and fast-track your employees’ competency. It keeps you from going down the wrong training paths, ensuring both individuals and your organization stay on track and progress toward your desired skill proficiency levels. 

5. Leverage Tools  

Harness the power of tools (especially now that we have AI-powered ones) to accelerate skill development. Tools can act as a force multiplier across your organization. And AI tools can multiply that again by quickly pinpointing learning objectives and offering scalable feedback for unlimited learners, saving significant instructor time. They can also ensure the continuity of consistent learning and practice experiences and streamline skill assessments. This technological edge increases the speed of skill acquisition while scaling training efforts across your entire organization.

Boost Speed to Skill with Bongo’s AI Coach 

As you can see, speed has powerful business impacts on your organization when it comes to skill development. Bongo is an AI-powered platform designed to expedite speed to skill. It automates time-consuming processes, optimizes learning experiences, and propels employees toward competence. With Bongo, you get evidence of acquired skills while automating time-consuming tasks tied to course creation and feedback and maintaining the rigor essential for effective assessments.

“Before we were working with so many different systems in this complex process and there were a lot of blockers for us. Bongo fit perfectly for what we needed it to do and helped eliminate those tedious steps for us. On average, our turnaround time before was 10 days from learner submission to approval; we actually managed to compress that time down to 5 business days.” – Sean Chen, Senior Technical Trainer, Celonis

“We are certifying people faster and more efficiently. A year ago, they were taking up to 3 days to get certified. Recently I was told an entire class was certified on the first day. They aren’t making as many errors and I know Bongo is a major reason for that. – Head of Training, Nielsen

SUCCESS STORY Brain Aware Training Achieves 50% Time Reduction with Bongo’s AI Coach Brain Aware Training, a leading developer of brain science-based training programs, leveraged Bongo to provide prompt, scalable feedback and assessments for learners’ practice training videos. Leveraging AI Coach’s data-driven insights, Brain Aware Training is able to swiftly identify knowledge gaps, key terms, tone, phrase usage, and more, regardless of team size. This innovative approach has resulted in a 50% reduction in staff time and a 25.5% increase in the quality of video content.

Tips for an Easy Transition to AI-Powered Learning 

Transitioning to an AI-driven platform like Bongo requires careful planning and communication. Here are some critical steps to ensure a smooth adoption:

• Conduct training sessions: Equip teams with the knowledge and skills to navigate and utilize AI features.
• Highlight user-friendly interfaces: Showcase how complex processes are simplified for ease of use, ensuring no technical background is needed.
• Communicate the benefits: Share the advantages of AI adoption – it enhances efficiency, reduces administrative tasks, and enables a more strategic focus on employee development.
• Establish feedback channels: Encourage open communication channels to share experiences, concerns, and suggestions.
• Iterate based on feedback: Demonstrate a commitment to continuous improvement by actively incorporating feedback into your implementation strategy.

Ready to fast-track speed to skill for your employees with AI?

Sources
¹ https://www.dell.com/en-us/dt/corporate/newsroom/realizing-2030-dell-technologies-research-explores-the-next-era-of-human-machine-partnerships.htm#:~:text=An%20estimated%2085%20percent%20of,valuable%20than%20the%20knowledge%20itself.

² http://thewynhurstgroup.com/wp-content/uploads/2014/07/Help-New-Hires-Succeed.pdf

³ https://trainingindustry.com/magazine/winter-2022/training-for-speed-to-proficiency-pitfalls-to-avoid-when-designing-training-and-learning-interventions-for-speed/

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The demand for upskilling and reskilling has never been more critical. Within a decade, it’s expected technology will reshape more than one billion jobs worldwide, requiring as many individuals to retrain and reskill by 2030.¹

In response, the world of credentials is rapidly evolving. In the U.S., there are now nearly one million unique education credentials, including non-degree badges, certificates, licenses, apprenticeships, industry certifications, and micro-credentials.²

Recent data reflects the surging popularity of these credentials:

• 45% of U.S. workers now hold some form of an alternative credential³
• 49% of U.S. workers who have not yet acquired an alternative credential have considered earning one⁴
• the digital badge market is poised for a 22.5% growth between 2023 and 2028, with a projected value of $80 billion by 2030.⁵

This rise in credentials underscores the pivotal role they play in validating skills in a rapidly changing job market.

Why Skill Validation Matters

The significance of skill validation in credentialing cannot be overstated. With standards still evolving, organizations are responsible for valuing and validating this growing form of learning. However, many organizations lack concrete proof regarding learners’ ability to retain and apply the knowledge and skills tied to their credentials.

Organizations prioritizing skill mastery validation in their credentialing processes hold a tangible competitive edge. Authenticating the skills that credentials represent can bolster brand loyalty and enhance credibility, directly contributing to a positive return on investment. 

3-Point Checklist to Ensure Your Credentials Hold Value

         Set clear, aligned learning objectives

         Give real-time, relevant feedback

         Ensure consistent, unbiased evaluations

3 Steps to Validate Skill Mastery

Mere issuance of credentials is no longer sufficient. The success of your credentialing program hinges not only on the quality of training but also on the tangible proof of its impact. Here, we present a 3-point checklist for substantiating genuine skill mastery and enhancing your credentialing program.

1. Establish Clear, Aligned Learning Objectives

Effective assessments begin with defined learning objectives. These objectives form the foundation for your credentialing program, facilitating deliberate practice, relevant feedback, and meaningful assessments. 

First, create clear, customized objectives rooted in your course materials, including training documents, video transcripts, and assessment rubrics. These objectives:

• Provide learners with unambiguous guidance, ensuring they understand where to focus during practice.
• Create a uniform learning experience for all participants.
• Prevent misalignment between course content and assessment criteria.
• Maintain consistency by subjecting all learners to the same predefined objectives, ensuring fairness and transparency.

2. Offer Real-Time, Relevant Feedback

The next step involves providing learners with timely, actionable feedback on practice assignments and assessments guided by your learning objectives. This process reinforces comprehension of course content, enabling learners to refine and master their skills through continuous practice. Moreover, it instills instructor confidence in learners’ assessment readiness.

Providing timely, aligned feedback:

• Encourages learners to persist until they achieve excellence.
• Boosts learner confidence by illuminating their strengths and areas for improvement.
• Sustains learner engagement and motivation.

3. Ensure Consistent, Unbiased Evaluations

Lastly, establish a consistent and fair evaluation process based on your learning objectives to enhance the value and credibility of your credentials. By evaluating each learner’s skills and comprehension against your objectives, instructors can grade with confidence.

Basing your assessments on learning objectives:

• Boosts the credibility of your evaluations, ensuring all learners are graded against the same criteria.
• Helps validate learners’ mastery of the required skills.

Selecting the Ideal Skills Development & Assessment Tools

Traditional assessment methods, such as multiple-choice tests and quizzes, often fall short when meeting today’s credibility, scalability, and value demands. Organizations find it challenging to verify the real-world readiness of their learners, instructors grapple with manual grading, and learners aspire for genuine recognition and feedback that prepares them for real-world challenges.

AI-powered solutions are swiftly emerging to bridge this gap, offering innovative tools to enhance assessment and credentialing processes for organizations.

Get Evidence of Skill Mastery with New Bongo Features

Bongo is delighted to unveil a groundbreaking feature set that employs a patent-pending threefold assessment approach, offering tangible proof of skill mastery. Our skills development tool elevates credentialing programs using learner-created video submissions as concrete evidence of skill mastery.

Bongo’s distinctive approach ensures every issued credential is supported by video proof of genuine skill mastery, combining efficiency with undeniable validation. The new features include:

• Automated Learning Objectives: Bongo rapidly generates core learning objectives from provided course materials, saving instructors time and effort. It establishes precise assessment criteria for learners and instructors aligned with organizational goals. 

• Content-Smart AI Coach: An AI-driven tool that provides learners with real-time feedback on video assignments, ensuring depth of content understanding and presentation effectiveness. It reinforces learner comprehension of course material by aligning feedback with learning objectives. 

• Automated Smart Scoring: An automated grading system evaluates learners’ final video submissions against each learning objective to ensure consistent and unbiased evaluations. This approach showcases proof of mastery and frees instructors from the time-consuming manual grading process. 

Bongo combines the efficiency of automation with the depth of human expertise. Our AI ensures fast, consistent assessment processes while seamlessly integrating human proficiency at any stage, providing organizations the best of both worlds. Plus, our privacy-first, zero-shot AI model training approach ensures the confidentiality and security of all data, reflecting our unwavering commitment to data protection. 

With Bongo, credentials become tangible proof of skill readiness, accelerating learner growth and enhancing an organization’s credibility and scalability. 

Sources:

¹https://www.weforum.org/impact/reskilling-revolution/

²https://credentialengine.org/resources/counting-u-s-postsecondary-and-secondary-credentials-2021/

³https://www.shrm.org/alternativecredentials

⁴https://www.shrm.org/alternativecredentials

⁵https://www.mordorintelligence.com/industry-reports/digital-badges-market

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