Knowledge Factor, Inc. Launches Revolutionary Competency Assessment
Patented Assessment Measures Knowledge and Confidence With No Room For Guessing... After more than 15 years of research, testing and market validation, Knowledge Factor, Inc., today announced the release of its Confidence-Based Assessment (CBA) , a tool that measures competency based not only on what a person knows, but also on the person’s confidence in that knowledge. Knowledge Factor’s patented process substantially reduces, and can even eliminate, guessing that skews the results of most other assessments and puts organizations at risk of not knowing the competency level of employees.
Denver (PRWEB) July 13, 2005 -- After more than 15 years of research, testing
and market validation, Knowledge Factor, Inc., today announced the release of
its Confidence-Based Assessment (CBA) , a tool that measures competency based
not only on what a person knows, but also on the person’s confidence in that
knowledge. Knowledge Factor’s patented process substantially reduces, and can
even eliminate, guessing that skews the results of most other assessments and
puts organizations at risk of not knowing the competency level of
employees.
“Research has proven that confidence is the best predictor of
performance – that people only act upon information they confidently
understand,” said Pat Engstrom, CEO of Knowledge Factor. “By measuring both
confidence and knowledge with the CBA, organizations can know with a high degree
of certainty how competent their employees are, and can be better positioned to
reduce risks and maximize productivity and revenues.”
The
Assessment
Traditional assessments measure only how many questions someone
answers correctly, making it impossible to distinguish between a person guessing
correctly and one who answers correctly with confidence. CBA differentiates
between:
* Correct answers that are answered with confidence, indicating
competency.
* Correct answers that are answered with doubt.
* Correct
answers that are total guesses, equivalent to no knowledge.
* Incorrect
answers that are answered with confidence, indicating misinformation.
The
CBA can capture and validate knowledge confidence because of the unique
structure of its multiple choice questions and detailed analysis.
Upon
the completion of an assessment, the user and his or her management can view a
summary of the user’s competency profile, providing immediate identification of
confidently held misinformation, unknowns, doubts and knowledge
competency.
Knowledge Factor’s Offerings
Utilizing the
Confidence-Based Assessment as the centerpiece for all of its products and
services, Knowledge Factor offers:
* A Competency Audit which identifies
areas of risk where training needs to be intensified within an enterprise
*
The Confidence-Based Assessment as a standalone competence assessment and
certification tool.
* The Confidence-Based Assessment & Learning Suite,
which identifies the knowledge gaps using the CBA, and also remediates those
gaps rapidly and effectively.
“Companies spend millions of dollars each
year on the best training and technology available, yet they have no way of
knowing how effective that investment is,” said Engstrom. “For the first time,
with the CBA we can measure the competency of employees. We can validate the
effectiveness of a company’s existing training, determine how to fill critical
knowledge gaps to improve productivity and compliance, increase employee safety
or reduce the risk of costly litigation.”
Knowledge Factor,
Inc.
Founded in 2000, Denver-based Knowledge Factor is a leader in
competency assessment and remediation. In 2003, the Company became the owner of
a patented and effective methodology it calls Confidence-Based Assessment, or
CBA, which has become the foundation for its unique offerings. The Company’s
CBA&L suite of products measures competency, certifies learning and provides
a rapid and targeted learning solution to organizations and individuals. For
more information, go to www.knowledgefactor.com.
# # #
Source : http://www.prweb.com/releases/2005/7/prweb261077.htm