GlobeNewswire

New Axonify Study Reveals Microlearning Key to Enabling an Agile Frontline Workforce

Share

First-of-its-Kind 2018 Microlearning Global Benchmark Report Highlights Progressive Organisations Reimagining Training

WATERLOO, Ontario, July 25, 2018 (GLOBE NEWSWIRE) -- Highlighting the influence microlearning has in enabling an agile workforce, Axonify, the most trusted corporate microlearning platform, today launched the first-of-its-kind 2018 Microlearning Global Benchmark Report. The comprehensive analysis of microlearning covers general trends, adoption, demographics and industry applications based on usage data from 360,000 employees at 78 organisations using Axonify.

The report reveals how continuous microlearning takes learning measurement beyond traditional metrics like test scores and completion rates by providing stakeholders across the business with a real-time view of what employees know or don't know so that they can proactively respond to address gaps. According to the report, microlearning offers universal appeal among frontline-driven organisations and drives high levels of employee engagement directly impacting business results. Data shows that on average, employees utilising microlearning know 85 percent of the information they are required to know to perform on-the-job compared to 73% when they started.

Also, the report highlighted that three quarters of employees participate in microlearning training sessions at a rate of two to three times weekly, and it is heavily used in fast-paced, agile industries with a large number of frontline employees, including Retail (27 percent), Manufacturing and Logistics (25 percent) and Finance and Insurance (22 percent).

"Microlearning resonates with frontline workers because it's a habit-forming style of learning that fits seamlessly into their agile work environment-the first thing they do at the start of a shift or when they have downtime," said Carol Leaman, CEO of Axonify. "Traditionally, getting employees to participate in training has been tough, but that isn't the case with microlearning. It automatically adapts learning so each session is based on what an employee knows or doesn't know including game mechanics for increased engagement."

Anatomy of a Microlearning Session

Employees participating in microlearning training every month, do so two to three times per week which translates into more than 100 training sessions per year. Averaging six minutes per day, microlearning sessions typically start with critical messages from senior management, followed by personalised training, casual game play and rewards. Employees exposed to microlearning incorporating game play and game mechanics participate at a rate of 52 percent more, experiencing average knowledge lift of 27 percent.

"Microlearning is now becoming mainstream," said Josh Bersin, Global Industry Analyst. "This important research proves the value of this new paradigm and gives us all a clear roadmap for success."

Based on Axonify's research, organisations most often use microlearning to train their employees on:

  1. Product Knowledge
  2. Safety
  3. Sales
  4. HR/Corporate Culture
  5. Customer Service

"Fosway's research shows that almost two-thirds of organisations are planning to adopt microlearning this year, so it is clearly a growth area. But as with all buzzwords, there is a lot of hype and not enough context around the use and advantages of microlearning," said David Perring, Director of Research, Fosway Group. "This new report sheds light on some of its real-world application across a broad range of industries."

Retailers Take Advantage of Microlearning to Train Employees About Promotions

Retail, the largest cluster of organisations in Axonify's study includes frontline store associates across a variety of sectors including brand retailers, big box, grocery, and specialty retail. Across the industries covered in Axonify's report, retail employees have the highest Current Knowledge and Confidence at 84 percent, and their participation rate is high at 85 percent.

Aside from utilizing microlearning to advance product knowledge and safety measures, retailers are providing microlearning to train employees on promotions at a rate more than two times the industry average. Retailers are also embracing daily microlearning reinforcement as a critical preventative measure to keep shrink rates at bay using asset protection and loss prevention training.

Manufacturing and Logistics Mitigate Safety Risks with Microlearning

Manufacturers are increasingly turning to microlearning as a better way to mitigate high safety risks. In fact, safety training in Manufacturing and Logistics occurs at a rate of three times more than Finance and Insurance and almost two times more than retail. Safety training is the second most popular type of training offered, next to product knowledge, by manufacturing organisations as they work to achieve a company culture of safety.

Additionally, according to the study, microlearning helped lift manufacturing and logistics employees' product knowledge up to 91.4 percent. Also, based on their microlearning sessions, these professionals average a Current Knowledge and Confidence level of 83 percent with a 72 percent participation rate.

Methodology

The insights presented in the 2018 Microlearning Global Benchmark Report were generated by anonymously analysing a sample of 360,000 employees across 78 organisations, and nearly four million microlearning sessions that occurred between January 1, 2017 and December 31, 2017. This included a variety of industries and organisations ranging from mid-sized to large Fortune 100 companies-that are capturing millions of learning data points as employees engage in their daily training using the Axonify Microlearning Platform. 

For more information, visit https://axonify.com/benchmark-report/.

About Axonify

Axonify is the only microlearning platform trusted by global business leaders to drive performance. With a proven approach that's based in brain science, and uses adaptive microlearning and gamification to make employee learning effective and engaging, our platform ingrains knowledge deep enough to change employee behaviour at work. With more than 130 customers in 95 countries around the world, including Walmart, Bloomingdale's, and John Hancock, Axonify makes learning personal to the individual, and impactful for the business. Founded in 2011, Axonify is headquartered in Waterloo, ON Canada. For more information, please visit www.axonify.com.

Media Contact: 
Jennifer Mirabile
Young & Associates
724-772-2038
jenniferlm@yapr.com 




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Axonify via Globenewswire

About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Ress Life Investments A/S: Ress Life Investments A/S publishes Net Asset Value (NAV)29.5.2020 20:50:00 CESTPress release

Ress Life Investments Holbergsgade 14, 2 tv DK-1057 Copenhagen K Denmark CVR nr. 33593163 www.resslifeinvestments.com To: Nasdaq Copenhagen Date: 29 May 2020 Corporate Announcement 22/2020 Ress Life Investments A/S publishes Net Asset Value (NAV). Ress Life Investments A/S publishes the Net Asset Value (NAV) per share and performance data as of 15 May 2020. NAV per share in USD: 1955.92 NAV per share in EUR: 1811.38 The performance during the first half of May was 0.01% in USD. The year-to-date net performance is -0.15% in USD. Assets under management (AUM) was 184.6 million US dollars. Questions related to this announcement can be made to the company's AIF-manager, Resscapital AB. Contact person: Gustaf Hagerud gustaf.hagerud@resscapital.com Tel + 46 8 545 282 27 Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Investment Information Document (KIID) availabl

Eastern Property Holdings Limited (EPH):First quarter 2020 Financial Update29.5.2020 19:45:23 CESTPress release

29 May 2020, Road Town, Tortola, BVI KEY EVENTS In March 2020, the Company received EUR 204.7 million by issuance of subordinated notes to its two largest shareholders at an interest rate of 3.5% p.a. The management intends to use the funds for the acquisition of properties in Western Europe in order to further strengthen the Group’s business and follow its strategy to invest in premium quality income producing commercial property assets in Europe.Arbat sales have been continued: a few more apartments and parking lots were sold in Q1 2020.Leases with the Company’s top tenants (Chanel and Richemont Group) have been extended.As a subsequent event, in April 2020 the Company acquired 89.9% of interest in the Nhow Hotel in Berlin, Germany. The property had been completed in 2010 and comprises approximately 20,160 sqm, including 304 rooms, 86 underground & 39 surface parking spaces, a spa, restaurant and two music studios. FINANCIAL HIGHLIGHTS The Company’s rental properties demonstrate stab

AB Linas Agro Group performance and financial results for 9-month period of FY 2019/2029.5.2020 16:30:07 CESTPress release

Consolidated revenue was 9.6 % less and totaled EUR 476 million. Sales volume reached 1.67 million tons of various products and was 3.2% less as compared to previous year. The gross profit reached EUR 27.1 million and was 11,8 % higher than a year before. Consolidated EBITDA was 74 % higher and amounted to EUR 11.8 million. The operating profit was EUR 2.9 million (last year there was an operating loss of EUR 1.2 million). Profit before taxes amounted to EUR 0.67 million (compared to a loss of EUR 3.6 million in the previous year). Net profit attributable to the Group amounted to EUR 0.64 million (previous year there was a loss of EUR 3.5 million). A brief comment by Finance Director Mažvydas Šileika: Trade in grains, oilseeds and feedstuffs has been affected by the pandemic as the borders of the countries were closed, and the value of some stocks that haven’t been sold before quarantine has declined during the quarantine. Sales fell 16% to EUR 305 million. However, the operating profi

Conditions for Riksbank Bid Procedures SEK Municipal Bonds29.5.2020 16:20:00 CESTPress release

Bid procedure on 2 June 2020, Municipalities and Regions Bonds:Fixed-rate Bonds issued in SEK by Municipalities or Regions with maturity in 2023. The following issuers are accepted for delivery: Borås Kommun Göteborgs Kommun Jönköpings Kommun Nacka Kommun Norrköpings Kommun Skåne Läns Landsting Stockholms Kommun Stockholms Läns Landsting Sundsvalls Kommun Vellinge Kommun Delivery may not be made in Bonds purchased by the Counterparty from the issuer less than one week prior to the date for announcing the Specific terms, i.e. the purchase may not have been made after 22 May 2020.Bids:Bids are made to tel 08-696 69 70 and confirmed in writing by a filled-in Bid form by e-mail to EOL@riksbank.se.Bid date:Tuesday 2 June 2020Bid time:1000-1100 hours (CEST) on the Bid dateRequested volume: (corresponding nominal amount)SEK 750 +/- 750 millionHighest permitted bid volume: (corresponding nominal amount)The total bid volume from one Counterparty for the two Credit rating classes may not exceed