bp Earns Recognition for Best Certification Program
Improving Employee Retention and Promotion Rates in Partnership With
The Hackett Group and Thought Industries
MIAMI--(BUSINESS WIRE)--Nov. 6, 2024--
The Hackett Group, Inc. (NASDAQ: HCKT), bp and Thought Industries have been jointly recognized by the Brandon Hall Group – the human capital management research firm – for the development and execution of bp’s employee learning certification program. The award honors certification programs designed to support competency and/or skill development within an organization, and improve employee retention and promotion rates.
“We are delighted to be able to celebrate this award alongside bp and our technology partner, Thought Industries,” said Ben Hartfield, senior director at The Hackett Institute®. “The award-winning learning program was launched after bp’s global business services (GBS) strategy announcement to develop the skills required to achieve its ambitious goals. We are proud to be a key learning partner of bp and look forward to continuing to support it with its GBS learning journey.”
The energy giant’s GBS division introduced the learning program in 2022. Executives envisioned the certification program – developed by The Hackett Group® and delivered via the Thought Industries’ learning platform – would help bp’s GBS unit retain critical employees, provide a career path for the team, and differentiate its GBS employer offer in a competitive and shifting market due to a generative artificial intelligence (Gen AI) global market.
The winning program combines bp’s “Learn, Do, Connect and Reflect” methodology with The Hackett Institute® Certified GBS Professionals® (CGBSP) programs. Over 5,000 employees work in bp’s GBS organization based in hubs across Hungary, India, and Malaysia and multiple other connected cities across the globe. Their GBS organization handles a variety of critical business processes across the entire company.
The program is designed to equip employees across the organization with the knowledge, skills and competencies needed to excel in various aspects of bp’s global business operations. The team used The Hackett Group’s CGBSP certification curriculum to fit seamlessly into bp’s learning methodology.
The bp GBS certification program includes:
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Modular chapters that give participants control in scheduling and organizing their learning.
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An online learning platform and live training sessions accessible to employees worldwide.
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Virtual instructors prepared to facilitate discussions and provide advice in real time.
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Live calls and interactive sessions that enable engagement and collaboration among participants.
The Net Promoter Score® (NPS) for this learning program is 62% compared to 47% – already a high benchmark for other programs used across bp’s GBS organization. Enthusiasm is stronger than most certification programs: most attendees (93%) complete the course within four months compared to an industry average of six to nine months, according to The Hackett Group®.
Graduates of the program are 30% more likely to be promoted than co-workers who have not been certified. At bp, those who have completed the program are also seeing lower attrition rates.
“The experience bp has had with the GBS Certification Program – working with The Hackett Group as a key partner – has provided the momentum to drive skills even further across the bp GBS organization,” said Frances Howat, bp’s senior manager of Future Skills and Learning. “The company has seen the impact this program has had on career development and employee engagement, and the whole team is excited to see it grow throughout the organization to continue to drive more career growth for bp employees, and ultimately meet the ambitious strategy of bp.”
Finding talent development to be a good investment is not unique to bp. Digital World Class® companies invest more in talent development and see a higher return on investment for their efforts compared to the peer group, according to The Hackett Group’s research. Typically, these companies have 49% lower recruitment and staffing costs, and 29% lower overall general and administrative costs as a percentage of revenue than peers.
“We are immensely proud to see bp’s GBS certification program – powered by Thought Industries – honored with the esteemed Brandon Hall Group HCM Excellence Award,” said Robin Wadsworth, CEO of Thought Industries. “This accolade is a testament to our collaborative effort to deliver a learning experience that not only meets but exceeds the professional development needs of today’s workforce. We are dedicated to building immersive, easy-to-use platforms tailored for our customer’s unique needs.” A panel of independent industry experts, Brandon Hall Group analysts and senior executives evaluated submissions. Each entry was judged on its fitness to the organization’s needs, design, delivery, measurable results and overall impact.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and platform-based, Gen AI strategic consulting and executive advisory firm that enables Digital World Class® performance. Using AI XPLR™ and ZBrain™ – our ideation through implementation platforms – our experienced professionals help organizations realize the power of Gen AI and achieve quantifiable, breakthrough results, allowing us to be key architects of their Gen AI journey.
Our expertise is grounded in unparalleled best practices insights from benchmarking the world’s leading businesses – including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 70% of the DAX 40 and 55% of the FTSE 100.
For more information on The Hackett Group, visit: https://www.thehackettgroup.com/ or email media@thehackettgroup.com.
Trademarks
The Hackett Group, quadrant logo, The Hackett Institute, Certified GBS Professionals, and Digital World Class are the registered marks of The Hackett Group.
Cautionary Statement Regarding “Forward-Looking” Statements
This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements including without limitation, words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” or other similar phrases or variations of such words or similar expressions indicating, present or future anticipated or expected occurrences or outcomes are intended to identify such forward-looking statements. Forward-looking statements are not statements of historical fact and involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statements. Factors that may impact such forward-looking statements include without limitation, the ability of The Hackett Group to effectively market its digital transformation, artificial intelligence, and other consulting services, competition from other consulting and technology companies that may have or develop in the future, similar offerings, the commercial viability of The Hackett Group and its services as well as other risk detailed in The Hackett Group’s reports filed with the United States Securities and Exchange Commission. The Hackett Group does not undertake any duty to update this release or any forward-looking statements contained herein.
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Source: The Hackett Group, Inc.
