OTTAWA, Oct. 28, 2019 (GLOBE NEWSWIRE) -- betterU Education Corp. (TSX VENTURE: BTRU, Frankfurt: 5OGA) (the "Company" or "betterU") is pleased to announce the implementation of their newly developed software as a service (SAAS) corporate skilling program (Skill, Reskill Upskill) focused on providing employers with a simple solution that supports more effective skilling solutions and addresses most of the complexities faced by corporations globally.
betterU is currently working with three large corporate clients in India that have expressed interest to test the new SAAS skill program. This is currently being assembled and is expected to start within the next week.
betterU has spent the last six months working with their corporate partners in India to understand how to best support their areas of most need for skilling their employees. It was determined that corporations not only in India, but around the world seem all face similar skilling challenges in that there is no single solution that can support all aspects of corporate training.
Learning and development (L&D) leaders are required to support training across dozens of departments, covering hundreds of job roles and thousands of possible skills needed to support their global employees. In today’s current training environment, what this means is that a L&D leader must engage with multiple assessment providers, educators, and ed-tech companies separately. This creates a lot of challenges and forces an often small L&D team to take on the integration of multiple vendors into their own management systems (if they have one) and then determine how to best aggregate multiple reports from these different vendors onto a single dashboard to get a clear picture of their employees’ development.
Many corporations have expressed their frustrations with having to manage all these variables in trying to create proper skilling paths for each employee across multiple adhoc solutions. This still doesn’t take into consideration having to also deal with multiple payment structures and subscriptions models for upwards of 1,000s of courses per person, regardless of how many courses the individual employee may actually need.
L&D teams are spending more time focused on integration challenges versus their learning and development goals, while overpaying for services and solutions that might not be right for them or their employees. The corporate skilling landscape is fragmented simply because there is no one simple solution, until now.
betterU realized the solution for corporations would require a pivot from how they were approaching their corporate offerings. A new solution was required to shift from selling courses or course providers to selling the end results for a skilled resource. The Company realized that they must look at the person who needs the training to understand their specific goals, verses throwing a pool of courses at an organization, hoping it helps upskill the individual while leaving the management of results to the L&D leader to figure out. Through a payment structure of under US$100/month per employee, betterU will focus on corporate business intelligence, understanding corporates objectives and aligning those objectives with managed and measured employee goals. By moving towards a data driven model, betterU will be able to individualize learning for each employee. The new betterU SMART model is quite simple when you have all the ingredients. Over the last 6 years, betterU has been bringing together key partnerships and technological advancements that create an all-encompassing solution. This pivot while still leveraging all the assets betterU has been developing, will follow betterU’s newly developed SMART process.
Strategy – Determine your corporate goals
Measure – Define what skills are needed to achieve those goals.
Assess – Assess your employees on the skills required.
Results – Analyse your assessment results to determine the skills path.
Train – Provide skills training
To develop the right skills within an organization, an employer must first determine what skills they need to achieve their business goals and then map them against the skills their employees have. Skills Needed - Skills Possessed = Skills Gap. To guarantee success when closing your organization's skills gap, you must follow a SMART process.
“When building any business, entrepreneurs often find themselves entering into new territories that have yet to be developed or solved; so, we are also learning as we go as well. We make mistakes, learn from them and then we need to be able to quickly adapt. This has been the case in any business I have personally built. I am excited about this pivot as I see how it will address what the corporate world has been struggling with. It has not only opened up more opportunities for India, but also around the world, for instance in Canada, USA, Africa, as this solution is more easily scalable as it is not restricted by territories.” said Brad Loiselle, CEO of CEO betterU.
Before investing considerable time into development, betterU connected with many corporate L&D leaders in both India and Canada to assess this new approach and to determine a level of interest. With several hundred replies expressing interest to learn more, betterU started to build the technology, processes and materials.
To support the Skill, Reskill, Upskill solution, betterU’s team is now developing their Enterprise Management System to support the integration of all assessment partners and aggregate all requirements for individualizing learning paths. This beta version will be completed in the next 2-3 weeks and will provide corporations with one solution that can address all their learning requirements.
More about the Skill, Reskill, Upskill Program
A one-size-fits all approach is no longer an option!
betterU's Skill, Reskill, Upskill program provides access to multiple global providers’ 10,000+ courses, 1,000+ assessments and support tools for each employee's growth within one easy to use ecosystem to manage. betterU will manage the entire back end and simply provide employers access to employee assessments results and a development plan. Each month they will receive an updated report showing their advancements and adjustments to their plans.
How does it work? By following betterU’s SMART process, they work to incorporate the learning requirements of the Corporate, and we will guide their learners through an automated assessment process based their employer’s needs. From there, betterU’s system will assign an individualized learning path based on the employee’s assessment result, pulling from betterU’s global education library, which might require content for multiple providers. Employers receive only one aggregated report no matter how many assessment and education providers participant in their employees learning plan. The program repeats monthly, adjusting the employee’s development plan based on their results and their defined growth plan. No more overpaying for generic programs that only apply to some of your workforce. No more paying for adhoc services to fill short-term missing gaps.
About betterU Education Corp.
betterU, a global education to employment platform, aims to provide access to quality education from around the world to foster growth and opportunity to those who want to better their lives. The company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated education to employment ecosystem.
betterU has also planned and developed offerings that can be categorized into several broad functions: to compliment school programs with flexible preschool, KG-12 programs preparing children for next stage of education, to provide access to global and localized educational programs from leading educators, to foster an exceptional educational environment by providing befitting skills that lead to a better career, to bridge the gap between one’s existing education and prospective job requirement by training them and lastly, to connect the end user to various job opportunities.
betterU today has partnered with over 75 global educators, representing access to 10s of thousands of programs. It is developing technology and onboarding more partners required to support the growing education needs of the world.