Skillsoft Learning Solutions Deliver Significant ROI According to Leading Research Firm
Organizations realize numerous measurable benefits from using Skillsoft for workforce training and skill building
Today’s businesses are facing a unique set of challenges. Finding, hiring, and retaining talent is more difficult than ever due to a tight labor market, existing teams are feeling heightened stress levels from skills gaps, and cultures and processes have been disrupted with the rise of hybrid work. As organizations adjust, they are embracing learning programs to invest in the growth and resilience of employees, and in turn, build a more sustainable workforce that drives business transformation. In fact, learners are spending
“Building a strong culture of learning is essential for any organization looking to attract and retain top talent, create a competitive advantage, and grow the bottom line,” said
The Total Economic Impact™ of Skillsoft Leadership & Business
The Forrester study determined that using Skillsoft’s Leadership & Business solution produced a collective benefit of
-
Savings of
in hiring and onboarding costs – Employees were more likely to engage in learning and skill building after the deployment of Skillsoft. This led to fewer skills gaps, and as a result, less time and spend required for recruiting, hiring, and onboarding.$27.8 million -
Savings of
in training costs – Skillsoft helped eliminate subscriptions to legacy platforms and reduced external training demands and costs.$25.9 million -
Savings of
in recruiting costs – Skillsoft enabled organizations to deliver more significant employee benefits and culture improvements, leading to improved talent retention.$9.2 million
The Total Economic Impact™ of Skillsoft Technology & Developer
The Forrester study determined that using Skillsoft’s Technology & Developer solution produced a collective benefit of
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Savings of
by expanding skillsets – Skillsoft increased employee retention by attracting incremental learners who gain valuable new skills, significantly cutting onboarding costs.$11.8 million -
Savings of
with multi-modal content – Skillsoft’s extensive content library engaged multiple learning styles and language requirements, removing the need to send employees offsite for in-person training and blending learning modalities instead.$8.9 million -
Frees up
worth of professional time – Skillsoft's intuitive interface, simple reporting, and ability for learners to manage their own enrollments freed up the learning team from administrative tasks to focus on organizational learning goals.$335,000
The Total Economic Impact™ of Skillsoft Compliance
The Forrester study determined that using Skillsoft’s Compliance solution produced a collective benefit of
-
Savings of
through lowered risk of compliance failure – Skillsoft provided the right training to the right employees in a way that maximizes learning and results in fewer incidents of harassment, unsafe conditions, or legal/financial malfeasance.$2.3 million -
Frees up
worth of administrative time and talent – Skillsoft streamlined administrative tasks leading to increased productivity.$317,000 -
Frees up
worth of training team’s time – Skillsoft’s extensive library of legal and Environmental, Health, and Safety (EHS) courses reduced the need for creation of custom content.$178,000
To learn more about each study, please visit:
- Total Economic Impact™ of Skillsoft Leadership & Business
- Total Economic Impact™ of Skillsoft Technology & Developer
- Total Economic Impact™ of Skillsoft Compliance Training
About Skillsoft
Skillsoft (NYSE: SKIL) delivers transformative learning experiences that propel organizations and people to grow together. The Company partners with enterprise organizations and serves a global community of learners to prepare today’s employees for tomorrow’s economy. With Skillsoft, customers gain access to blended, multimodal learning experiences that do more than build skills, they grow a more capable, adaptive, and engaged workforce. Through a portfolio of best-in-class content, a platform that is personalized and connected to customer needs, world-class tech and a broad ecosystem of partners, Skillsoft drives continuous growth and performance for employees and their organizations by overcoming critical skill gaps and unlocking human potential.
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Investors
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Media
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Source: Skillsoft