JOENSUU, Finland – June 3, 2024 – This comprehensive report addresses key areas such as 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 Valamis Cost of Learning report ensures compliance with regulatory requirements while offering valuable data-driven insights into an 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, addressing the global need to track learning costs, making it beneficial for companies worldwide.
Key features:
- Training Hours Tracking: Monitors 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.
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. Global companies such as Volvo Group, Volkswagen Group, and Deutsche Telekom AG use these standards 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.
How it will benefit Valamis customers
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.
For more information about the Valamis Cost of Learning report or to discuss with us how it can benefit your organization visit: https://www.valamis.com/blog/the-social-balance-sheet-enabling-the-workforce-to-learn
