Product Buzz: Proving the value of learning with data

Fresh from the development line we’ve launched our latest feature designed to transform the tracking and management of learning and training costs. This comprehensive report covers key areas like employment, workforce diversity, training programs, health and safety measures, labor relations, and social engagement activities. It not only helps companies fulfill legal obligations but also provides an excellent opportunity to showcase the positive impact of their learning and development (L&D) efforts.

Available to all Valamis customers, the new report ensures compliance with regulatory requirements while providing valuable data-driven insights into your organization’s learning initiatives.

What’s the Buzz? 

Introducing the Valamis Cost of Learning report

Our new report assists companies in monitoring and reporting the average hours of training per employee. It aligns with the GRI 404-1 standard and the Belgian Social Balance Sheet requirements, and addresses the general need to track learning costs making it beneficial for companies worldwide.

Did you know Belgian companies with over 50 employees must create a “Social Balance Sheet”? In response to customer demand, we’ve developed the new report to simplify this process. The report covers two key areas:

  • Cost of Learning: Hosts all cost-related reporting, focusing on Social Balance items, and will include additional cost-related items that customers want to track.
  • Cost of Learning Administration: Manages cost information for all content types, including events, learning paths, and lessons.

For Belgian companies, our report streamlines the twice-yearly process of creating the Social Balance Sheet, ensuring compliance while spotlighting social performance and the organization’s commitment to social responsibility and contributions to society.

Compliance and Global Standards

This report is not just for Belgian companies. Many Valamis customers also adhere to the GRI (Global Reporting Initiative) Standards, which require companies to report on their sustainability efforts, focusing on environmental, social, and governance (ESG) impacts.

Many global companies, like Volvo Group, Volkswagen Group, and Deutsche Telekom AG, use these standards. Companies use GRI 404 to demonstrate their commitment to employee development, helping attract and retain talent, improve job satisfaction, and boost productivity. This transparency meets investor and societal demands, indicating long-term success.

An example of the new Valamis Cost of Learning report

An example of the new Valamis Cost of Learning report

Key features and highlights

  • Training hours tracking: Monitors the total training hours per employee to meet GRI 404-1 requirements.
  • User-friendly interface: Designed with minimal filters for easy generation and interpretation, ensuring seamless cost management and compliance.
  • Incorporating KPIs and benchmarks: Includes key performance indicators (KPIs) or last year’s figures, integrated into dashboards for easy comparison and progress tracking.
  • Role-based access: Ensures data security and streamlined reporting.
  • Detailed tracking: Covers training hours for all types of activities.
  • Automated classification system: Simplifies the process of defining formal and informal training.
  • Comprehensive cost details: Includes training costs such as instructor fees and material costs.
  • Enhanced reporting capabilities: Offers improved reporting for external training activities and certifications.

How will it benefit you?

Benefiting both administrators and learners, our platform provides the best tools to export learning costs based on specific filters, ensuring compliance with regulatory standards. Individual learners can easily export the social balance report for desired years and organizations, while admins can effortlessly add costs to learning content and manage them efficiently with search functionality and filtering options.

With our new report, easily turn training data into actionable insights, demonstrating the full potential of your learning and development initiatives. Showcase your commitment to learning and drive positive outcomes for your organization.