InStride First to Introduce Workforce Education Offering for Franchises
2024年7月25日 - 1:19AM
InStride, a leading provider of strategic workforce education
programs, has introduced several enhancements to its pioneering
franchise platform. These innovations enable these talent programs
to be tailored to individual franchise needs, solidifying
InStride's leadership in employee education for franchise
businesses.
“To address the human capital needs that franchise and other
distributed business models face today, we had to consider the
unique challenges that come with managing employee education across
diverse locations. Our solution provides franchisors with tools to
deliver high-quality education programs while giving franchisees
the autonomy to manage and customize them,” said InStride CEO Craig
Maloney.
Real-world impact
InStride's franchise solutions have been successfully
implemented by multiple leading global companies, including two of
the top five quick-serve restaurants in the U.S.
Enhancements were built on solutions initially developed in 2022
for a franchise partner in the logistics space and aim to transform
employee education and career development across franchise
businesses. They include tailored learning paths with a focus on
skills relevant to franchise workers, improved administrative
functionality and advanced reporting capabilities.
The benefits of these innovations are clear. At one franchise
partner, over 50% of franchisees opted into the program within the
first year. The company has achieved a one-third higher retention
rate for participating employee learners compared to
non-participating employees across these franchise locations.
A unique approach to franchise learning
InStride’s approach to developing workforce education for
franchise businesses ensures that each franchise location can
implement programs tailored to their specific business and talent
needs, while maintaining overall consistency and oversight across
the brand.
To achieve this, each franchise location must have the
capability to set its own eligibility criteria and budget, as well
as to receive separate billing and reporting visibility.
Additionally, the franchisor requires comprehensive anonymized
reporting and the ability to design overarching program
structures.
Key features
InStride has developed a comprehensive set of franchise support
tools and functionalities:
- Highly configurable
options: Tailor eligibility rules by location, coverage by
employee group type, terms and conditions for each franchisee, and
billing at both the franchisor and franchisee levels.
- Budget management: The ability to set and
manage budgets with an HR approval flow to ensure full budget
visibility and control.
- Multi-level reporting: Available at the
franchisor and franchisee level, allowing for better
decision-making and performance tracking.
- Hands-on support for
program launch: Including personalized 1:1 outreach,
education program management guides and workforce education
workshops.
These advancements are set to empower franchises to build
future-ready workforces, improve employee retention and create
attractive investment opportunities for prospective owners.
About InStrideInStride, in partnership with top
academic institutions, enables companies to provide career-aligned,
debt-free education through a personalized digital platform and
consultative service model. InStride empowers forward-thinking,
talent-focused corporate partners such as Labcorp, Adidas and
Intermountain Health to drive meaningful social and business
outcomes by unlocking access to life-changing education. Visit
instride.com or follow InStride on Twitter and LinkedIn for more
information and up-to-date news.
Contact:
Nick Greif, VP, Corporate Communications & External Affairs,
nick.greif@instride.com, 323-363-8910