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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  BT Group plc    BT.A   GB0030913577

BT GROUP PLC

(BT.A)
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Delayed Quote. Delayed London Stock Exchange - 01/27 11:35:26 am
131.55 GBX   -1.20%
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BT : Centrical Plays Key Role in BT Group's 'Reimagining' of Employee Development

11/18/2020 | 07:40am EST

Centrical Plays Key Role in BT Group's 'Reimagining' of Employee Development.

When BT looked to re-imagine the internal learning offering it provides employees, the emphasis was put on colleague experience and business impact.

To bring this to life, BT chose to make Centrical one of the pillars of the initiative. This was the result of a test & learn program which enabled the business to connect engagement, learning, and performance in one, real-time tool.

'BT changed what was a fragmented learning landscape into a single, coherent ecosystem. The aim is to improve the learning experience of our 150,000 employees and contractors across the organization globally,' said Lisa Blewitt, BT's Director of Learning & Capability. 'The intent of this multi-year effort is to improve learning efficiency and effectiveness to boost performance.'

Prior programs fell short of that goal for two reasons. First, engagement with learning activities was low, due, in part, to a lack of intrinsic motivation to prompt involvement. Second, employees didn't apply learning to their work. Along with that was the realization that delivery of learning content had to be done faster to let employees more easily connect with the learning to absorb, adopt, and apply it.

'We saw maintaining the status quo would not adequately advance the knowledge and skills of our colleagues or, more importantly, their on-the-job performance. We were looking to connect learning to the bottom line,' said Asi DeGani, BT's Senior Manager, Digital Design, Platforms & Transformation. 'A complete reimagining of BT's approach to employee learning and development - especially in the midst of a pandemic - was necessary and Centrical made the difference.'

As with many organizations, the shift of employees from operating in offices to working from home (WFH) accelerated BT's use of digital training mechanisms, notably Centrical's personalized microlearning. The method of delivering bite-sized learning to the right people, in the right way, at the right time has already shown its value in the test & learn program and should make an impact on overall training at BT.

BT employees involved early in the learning transformation were motivated to habitually go through the learning and then repeat activities aimed at increasing their mastery and know-how. Centrical's advanced gamification brings an element of competition to the learning experience which serves to heighten engagement and completion of activities as well as to improve knowledge application to work performance. With the pandemic physically separating employees, this social competition helped to make them feel connected, part of a virtual team, and able to handle WFH more productively.

'In this era of working from home, employees need to be accountable for their growth and impact,' said Gal Rimon, Centrical's Founder & CEO. 'As such, their organization needs to provide an exceptional, personalized user experience that supports their growth and makes them the center of their business' success.

'The Centrical platform helps BT promote performance and a support a learning culture by engaging employees with learning that's relevant to their individual goals for growth, through a guided and personalized experience. Centrical is proud to join with its partner, SAP, to work with BT on this vitally important initiative,' Rimon said.

Centrical technology easily integrates with leading enterprise systems, including SAP SuccessFactors Learning, where its gamified learning capabilities raises engagement with their learning management system. Centrical captures and analyzes a wide array of data streams to provide a 360-degree view of employees so they know in real-time, as do their managers, how they are doing and what needs to be done to get to the next level - including knowledge gaps that need to be closed with training so learning and performance KPIs can be achieved.

About BT

BT Group is the UK's leading telecommunications and network provider and a leading provider of global communications services and solutions, serving customers in 180 countries. Its principal activities in the UK include the provision of fixed voice, mobile, broadband, and TV (including Sport), and a range of products and services over converged fixed and mobile networks to consumer, business, and public sector customers. For its global customers, BT provides managed services, security and network, and IT infrastructure services to support their operations all over the world. BT consists of four customer-facing units: Consumer, Enterprise, Global, and its wholly-owned subsidiary, Openreach, which provides access network services to over 650 communications provider customers who sell phone, broadband, and Ethernet services to homes and business across the UK.

For the year ended March 31, 2020, BT Group's reported revenue was GBP22,905m and reported profit before taxation of GBP2,353m.

BT Telecommunications plc is a wholly owned subsidiary of BT Group plc and encompasses virtually all businesses and assets of the BT Group. BT Group plc is listed on the London Stock Exchange.

For more information visit www.bt.com/about.

About Centrical

Centrical employee engagement and performance management solutions help companies motivate employees to exceed their own KPIs. It does this by blending advanced gamification with personalized microlearning and real-time employee performance management. Centrical's platform produces improvements like +12% employee productivity, +20% average deal values, +30% faster onboarding, and +12% customer satisfaction KPI for multinational enterprises like Microsoft, Novartis, Synchrony Financial, and Teleperformance, among others. An SAP partner, Centrical technology easily integrates with SAP SuccessFactors Learning and SAP Jam. The company has offices in New York, London, and Ra'anana, Israel. For more information please visit www.centrical.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 21 426 M 29 280 M 29 280 M
Net income 2021 1 479 M 2 021 M 2 021 M
Net Debt 2021 18 235 M 24 919 M 24 919 M
P/E ratio 2021 8,90x
Yield 2021 -
Capitalization 12 942 M 17 737 M 17 687 M
EV / Sales 2021 1,46x
EV / Sales 2022 1,48x
Nbr of Employees 105 300
Free-Float 86,2%
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 164,30 GBX
Last Close Price 131,50 GBX
Spread / Highest target 121%
Spread / Average Target 24,9%
Spread / Lowest Target -43,0%
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Managers and Directors
NameTitle
Philip Eric Rene Jansen Chief Executive Officer & Executive Director
Jan Petrus du Plessis Chairman
Simon Jonathan Lowth Chief Financial Officer & Executive Officer
Howard Watson Chief Technology & Information Officer
Iain C. Conn Senior Independent Director
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