Business of Certification Benchmarks
ICE introduces Business of Certification Benchmarks — an interactive, online benchmarking platform that measures key performance indicators from credentialing organizations and provides dynamic, personalized reporting.
Receive benchmark data related to the business aspects of operating a credentialing organization that is timely and relevant to your organization.
Development of Business of Certification Benchmarks
Historically, the ICE R&D Committee published research reports providing benchmark data related to the business aspects of operating a credentialing organizations.
The ICE R&D committee has updated the survey instrument to collect your benchmarking data for the Certification Benchmarking Report, and invested in a versatile and interactive benchmarking platform. The platform simplifies data collection, allows multiple staff members to input data on their area of expertise, and virtually automates data analysis.
The platform allows you to generates customizable reports, providing relevant insights on business practices, program development, and financial performance on filters you select. This platform will make the data collected much more meaningful for you and your strategic analysis of how your organization compares to other credentialing programs.
Benchmarking data compares your organization, operations, and practices against other organizations in your industry and the broader marketplace. Through data analysis, benchmarking information can show gaps in your processes and identify new opportunities to improve performance and gain a competitive edge.
Data collection will include:
- Sources of revenue
- Expense allocation
- Program operation decisions
Your Participation is Crucial!
Data Collection for ICE Organizational Members and Credentialing Organizations: May – June 15
ICE organizational members and non-members from credentialing organizations are strongly encouraged to participate in the data collection process that will be open from May to June 15, 2018. This group includes employees of an association, certifying group, or government agency.
Data collected by June 15 will be reviewed and included in our executive summary analysis. The more data we collect, the more dynamic and accurate the tool will be for the credentialing community.
All data collected after June 15 will not be included in our executive summary, however we still encourage you to participate and take advantage of this valuable tool.
Business of Certification Benchmarks Instructional Webinar
ICE hosted an instructional webinar that dove deep into the platform benefits and long-term value. The webinar also covered platform basics and how to navigate the tool. We highly recommend taking the time to watch this webinar before utilizing the platform.