Ancora Corporate Training Revolutionizes Employee Training and Development with New Platform Called Lyo
New product enables organizations to target training and education benefits to the individual employee through proprietary technology, predictive models, instruction and a full suite of learning content.
HURST, Texas, June 16, 2020 /PRNewswire-PRWeb/ -- Ancora Corporate Training (ACT), a division of Ancora Education, announced today that they are releasing the Lyo learning platform. This new offering represents meaningful innovation impacting how organizations will offer and manage employee education benefit and training programs in the future.
Lyo flips the current employee education and training paradigm by enabling organizations to assess and identify skill gaps at the individual employee level. Current employee education benefit and training offerings are defined as enterprise wide offerings that treat each learner the same way. Lyo effectively breaks that mold and enables organizations to target training and education benefits to the individual employee through proprietary technology, predictive models, instruction and a full suite of learning content.
The goal of this revolutionary new technology is to yield increases in employee retention and improved levels of performance for organizations using the Lyo platform.
Most current offerings in the corporate training and education benefits space offer large scale, one size fits all solutions to staff with little regard for individual needs or skill levels. The result is often inefficiency as some staff become over prepared or over trained, while other staff still have multiple gaps the education and training did not address. Often, the education benefits provided lag expectations, staff can become frustrated, and performance and employee retention do not improve. Importantly, it is hard for CLO's and Training Leaders to identify and pin down the return on investment.
The Lyo Learning platform is designed to move companies past these challenges and into a world where a full 360-degree view of the employee is gathered, gaps are identified, a custom learning plan is developed for each employee, and a sophisticated learning, content management and instruction platform delivers and measures the learning against the specific and unique goals of the company. Lyo follows employees and organizations longitudinally and tracks progress over time and iterates as new growth and learning opportunities emerge.
"The current trend is to offer education as a benefit with a broad stroke applied evenly to the entire qualified workforce," said Michael Zawisky, President & CEO of Ancora Education, "We are always fans of offering meaningful training and educational programming, but we believe FORWARD THINKING companies should require more. We built Lyo, which grew out of our understanding of how best to retain students so that we can offer targeted benefits that address the behavioral and remedial needs of each employee. The goal is to produce happier and more productive employees that retain while producing a specific measurement of return on investment for our partners."
Ancora Education has been working on new and innovative approaches to workforce retention and growth since its inception in 2013. The company has built analytics and technology-oriented expertise in the realm of student assessment, remediation, support, and tailored skill development over that time. The company is now excited to deliver a platform to the corporate sector that enables companies to benefit from this experience and approach.
Jason Pfaff, formerly Head of Learning Innovation at Association for Talent Development and now leads Ancora's Business Development initiatives as a Vice President at ACT, helped to spearhead the Lyo effort and launch. According to Jason, the genesis for this product was based on feedback from partners. "We are hearing that current offerings in the education benefits and training arena are insufficient. Companies understand retention challenges and skill gaps live at the individual level. We now have a solution which enables customized competency and skill assessments to establish a baseline for each partner. Those assessments then feed a gap analysis driven by the partner company's goals and vision. Our technology then curates and delivers real-time learning solutions, and world-class instruction, while also providing to C-suite teams a robust analytics dashboard so they can track progress and the ROI of their custom employee training programs in real-time."
The Lyo platform leverages each company's unique data stream, and is programmed to align to the skill needs and goals of each partner. One unique advantage of using Lyo and partnering with Ancora is that Ancora develops and offers learning both online and in person, depending on the needs of the partner company and learner. The Ancora team manages all aspects of design, configuration and customization with each corporate partner's goals and ROI in mind. When the program is live, the platform monitors skill and competency gap assessment data, learning data via a custom dashboard and employees will engage in unique learning solutions delivered through the Lyo learning engine.
Ancora Corporate Training provides training, skill development and learning at more than 50 locations around the country and online via a cutting edge learning management platform. Ancora Education specifically manages 26 career and vocational schools in the United States. The company has a proud history of educating students and working to develop meaningful solutions to improve student retention, target learning, and develop job ready employees. For more information about Ancora Corporate Training, you can visit https://www.ancoraeducation.com/ancora-corporate-training
SOURCE Ancora Education
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