Today, enterprises that adhere to Lean Six Sigma process improvement methodology and train their employees in Six Sigma certification categories such as Yellow Belt, Green Belt, and Six Sigma Black Belt Online stand a chance to survive in this highly competitive market. Six Sigma ensures compliance with high industry standards and reduces errors and deficiencies in processes.
On average 51% of enterprises across the globe invest in training for employees every year.
Average Training Hours Employees Receive:
Source: Training Magazine’s 2014 Industry Report
Enterprises spend close to ~USD 1200 for training an employee each year.
|Year||Average Training Expenditure per Employee|
Lean Six Sigma is one of the most widely-recognized process improvement methodologies across the globe.
|Process Improvement Methodologies||Percentage|
|Lean Six Sigma||48%|
|Business Process Management||42.4%|
Enterprises achieved 65% of higher project savings by adhering to the Six Sigma methodology
Challenges towards Employing Process Excellence Methodologies
- 2% believe competing priorities for time and resources take precedence
- 8% don’t see the value at all
- 5% think Six Sigma is an unnecessary overhead
- 5% had some other reasons
Top 5 Areas where Process Excellence is Applied
|General Business Operations||68%|
In an enterprise where on average when an employee adheres to Lean Six Sigma process improvement methodology achieved 40% more ROI than those who did not use it.
Cost vs. Savings
- Yellow Belt – 3:1
- Green Belt – 5:1
- Black Belt – 7:1
In today’s competitive environment, businesses that have a formal Lean Six Sigma program and who have adopted DMAIC methodology require Lean Six Sigma Black Belt certified professionals to produce 65% of higher project savings which in turn achieves 40% more savings than those who apply traditional and archaic programs to complete their projects.