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A small investment that pays big 2016 ROI REPORT

A Small Investment That Pays Big

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Page 1: A Small Investment That Pays Big

A small investment that pays big2 0 1 6

R O I R E P O R T

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In 2015, Pluralsight partnered with CEB, Inc. for an independent survey to evaluate

the effectiveness of its training. Nearly 2,000 people participated. Key findings

include:

• The cost of one Pluralsight license has a 4.33X return on investment.

• 83% of subscribers say Pluralsight has improved the quality of their work, while 64%

report an increase in work satisfaction.

• The average subscriber saves 1.6 hours per week and 72 hours per year—resulting in a

3.6% increase in productivity.

• 88% of employees prefer always-available, online training to classroom-based training.

Report highlights

report highlights

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Access to Pluralsight’s online training gets real results

The big question when evaluating training options is, “will this have a

positive impact on business growth, skillsets or retention?” More than 4

out of 5 users reported an improvement in their job performance. Plan

administrators reported a similar improvement across entire teams.

The most important features

When asked which of Pluralsight’s features were most valuable, a

significant number of subscribers chose the depth of content and

expertise of the instructors. Overall, 83% answered that the quality of

the content was most important.

BUSINESS RESULTS

Pluralsight has improved my job performance

Pluralsight has improved the performance of my team

81%

77%

83%

65%

52%

Quality of content

Depth of course offerings

Instructor expertise

real results • important features

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With 24/7 training, subscribers use it when they need it

Organizations provide Pluralsight training so employees have access during work hours to learn new skills and find answers to problems.

Interestingly, Pluralsight subscribers actually access the training outside of work more often than at work, and 40% even access Pluralsight during

breaks or downtime at the office. This suggests that employers get an additional benefit, as employees learn new skills on their own time.

During work Outside work hours During commute/travel

88%

80%

25%

24/7 training

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Employees prefer learning options that deliver immediate answers

When questions or challenges arise on a project, tech pros need to

find or create the right solutions immediately. So it’s no surprise that

these employees prefer on-demand learning by a wide margin over

classroom-based training, which can also help people skill up but

doesn’t provide a just-in-time solution for problem solving.

Pluralsight training is immediately applicable

84% of Pluralsight users report that they use the skills they learn with

Pluralsight within six weeks (55% use their new skills within the first

week). The other 15% expect to be able to use their new skills at some

point further into the future.

WHICH TRAINING HELPS YOU MORE IN YOUR DAY-TO-DAY WORK? I AM ABLE TO APPLY WHAT I LEARN FROM PLURALSIGHT WITHIN:

88% On-demand online learning

12% Classroom-based learning

ONLINE VS. CLASSROOM-

BASED LEARNING

1 week 55%

23%

6%

15%

2-4 weeks

Expect to apply in the future

5-6 weeks

learning options • immediately applicable

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6| 6|how pluralsight compares

How Pluralsight compares to other training options

Today, organizations have a wide variety of training options. CEB asked how the quality of Pluralsight compares to other popular options. 71% of users

reported that Pluralsight training is better than classroom training, while 86% reported Pluralsight is better than other online training.

Significantly better than most

Slightly better than most

Similar to most

71%

CLASSROOM TRAINING YOUR TEAM HAS TAKEN ONLINE TRAINING YOUR TEAM HAS TAKEN

86%

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The training most often replaced by Pluralsight

Although the cost of giving employees Pluralsight is low compared to

other training options, the reality of business today is that spending

for new tools often requires reduced spending on something else.

We asked if organizations replaced another solution with Pluralsight.

69% of organizations report that it replaced at least one other option.

Almost half of respondents said Pluralsight replaced classroom

training, while another 17% reported it replaced conferences.

An effective tool for growing skills and learning new technologies

We asked users how Pluralsight has impacted their careers. Nearly 9

out of 10 reported learning a new skill they needed for work. 1 out

of 4 reported receiving a promotion or new job thanks to what they

learned from Pluralsight.

Classroom Training

Internal training

Books

Conferences

Other online learning

learning resources • learning new techniques

LEARNINGRESOURCES

49%

41%

27%

18%

17%

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Why organizations choose Pluralsight over

other options

When asked about the reasons for subscribing to

Pluralsight, 75% of users say the quality of the training

was the driving factor. The depth of training subjects,

cost savings, and 24/7 access were also key factors.

Quality ofcContent

Depth of course offerings

Affordability

24/7 access to training

Requested by employee(s)

Credibility of instructors

KEY FACTORS IN CHOOSING PLURALSIGHT OVER OTHERS:

75%

69%

62%

58%

33%

27%

why organizations choose pluralsight

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An impact across the entire organization

Pluralsight provides training designed specifically for software

developers, information technologists and creative employees. We

asked each group several questions designed to measure the impact

of Pluralsight on their business function.

Highlights include:

• 93% of developers and 86% of IT employees report Pluralsight helps

them stay up to date with technology.

• 84% of developers report an improvement in the quality of their code.

• 92% of creative employees said it has helped them master new

software, while 86% said it helped improve the quality of their work.

Comprehensive training is an important retention tool

Hiring and retaining the best employees is critical to business

success—landing top talent has become more competitive than ever.

85% of employees with access to Pluralsight report a strong link

between the investment in their careers and their loyalty to

their employer.

organization impact • comprehensive training

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Powerful results across the business

Improving access to training and making it available

across the organization has several benefits. This is

where Pluralsight users report the most significant

impact on their work.

PLURALSIGHT HAS A SIGNIFICANT IMPACT ON:

impact on business

83%Increasing quality of my work

53%Troubleshooting more efficiently

64%Increasing my work satisfaction

34%Decreasing errors/error rates

56%Increasing speed of my work

28%Shortening project timelines

25%Decreasing costs for me/my team

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Access to Pluralsight delivers big productivity gains

The average subscriber saves 1.6 hours per week (72 hours per year).

Assuming a 45-hour work week, this results in a 3.6% increase in

productivity. Better still, productivity went up even farther the more

an employee accessed Pluralsight. Those who spent 10+ hours a

month reported a 115% increase in time savings over those who spent

2 hours or less.

Pluralsight delivers a 4x return on investment

We asked organizations to calculate a return on investment for their

Pluralsight subscriptions. They considered productivity increases,

job satisfaction, decreasing the need for outside consultants and

reducing costs, among other things. In total, plan administrators

reported an average return on investment of 2.45. When they added

the value of the time savings, the overall return on investment

productivity gains • return on investment

72hrsper year

THE AVERAGE SUBSCRIBER SAVES:

4.33xw/ time savings

OVERALL RETURN ON INVESTMENT IS:

Page 12: A Small Investment That Pays Big

Ready to seize your competitive advantage? Contact us:

[email protected]

+1 888-368-1240 | +1 801-784-9007

08

32-

15

Make training your competitive advantage.

Keep your developers and technical staff on top of the latest

technology with affordable online training they can turn to

whenever and wherever they need it. Pluralsight gives your

team access to:

• 4,500+ IT, developer and creative online courses with

new ones added daily

• Up-to-date, original content authored by industry

experts

• On-demand training so employees can watch and

learn wherever they are, when it’s convenient and on

any device

• Management portal and reporting to monitor progress