Return on Education II

Background

The labor world is facing enormous change. By 2030, up to 375 million workers, or about 14 percent of the global workforce, may need to change job categories as digitization, automation and advances in artificial intelligence have a lasting impact. The types of skills employees need are changing. Therefore, the need for further training will continue to increase, especially against the backdrop of lifelong learning. This makes it all the more important for companies in the field of vocational education to demonstrate the (monetary) benefits of their training measures. The documentation of the value added for their customers represents an instrument for clarifyingwhat customers can gain from it and can sometimes also be used as a base for success-based pricing.

Project description

Within the scope of the project, the impact of training measures in different contexts is to be evaluated in a study. The study will examine the impact of training on process understanding, problem-solving techniques and methods, and collaboration between functions during the transition to Shopfloor Management System.

Our services

Within the scope of the study, defined key figures will be collected from customers of Festo Didactic SE at various locations over a period of 18 months and subsequently analyzed. The return on investment will be determined on the basis of state-of-the-art methods.

Client

Festo Didactic SE

Project duration

1.3.2021 until 31.5.2024