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Will You Add? - Increasing the Return on Your Training Investment
There is a memorable scene in the film, “In The Heat of The Night,” when Sidney Poitier’s character is tired of the guff he’s getting from his colleague, the Sheriff, portrayed by Rod Steiger.To end the condescension, Poitier says: “Call me MISTER Tibbs!”I can relate, as a customer, when I’m speaking to a CSR who has taken the liberty of using my first name, without permission.I don’t know where or when the change happened in our society, “empowering” CSR’s, and others we meet in business, to be so familiar, so soon. In fact, when I grew up, I was taught to use a formal title when:(1) D
As a deliverer of training and as one who has hel
The group responsible for monitoring the financial system of several countries has given alerts regarding the global trade depreciation caused by oil price hikes and the degenerating American housing market. In an announcement, the International Monetary Fund (IMF) has stated that the two industries can lead the global trade and the international economy to jumble.The IMF is an international organization, which is composed of 184 members including the United States, was established in 1946 right after the windup of the Second World War. It was created due to the 1944 Bretton Woods Conference. The basic t
Most everyone I’ve ever talked to has been to both excellent training (hopefully ours!) and training that was, well, not so good. In a perfect world we could connect the best training experiences with the best application back in the workplace. This would make the equation easy – pick great training, insuring that people would apply what they have learned, and the result would be a tremendous return on the investment for those funds spent on training.
As a deliverer of training and as one who has help
People are living longer, mainly due to changes in lifestyles but also because of incredible advances in health care. One of the results is the need for more healthcare professionals, including nurses. One way the industry is changing is by offering career choices in the form of more educational opportunities and options.The Associate's Degree in Nursing has only recently become an option, though it's quickly gaining favor in the health care industry. While there are naturally some differences in the training for an associate's degree as opposed to a bachelor's degree, many health care agencies - including
Most everyone I’ve ever talked to has been to both excellent training (hopefully ours!) and training that was, well, not so good. In a perfect world we could connect the best training experiences with the best application back in the workplace. This would make the equation easy – pick great training, insuring that people would apply what they have learned, and the result would be a tremendous return on the investment for those funds spent on training.
As a deliverer of training and as one who has hel
Do you have any idea how much time and money you are spending on your employer? Most people I have run into have absolutely no idea what it costs them to go to work everyday for someone else. Below, I will illustrate what the typical employee spends on their employer each yearFor this article, we have to make certain assumptions on which we can base our calculations. You can adjust these assumptions to fit your situation and come up with your own calculations. I created a little Excel spreadsheet to make the calculations, but you can do it by hand too.Here are the assumptions:Your salary
As a deliverer of training and as one who has hel
Advertising is more than just the means of disseminating product information. It is a primary communications tool of our economic system. Moreover, aside from its diverse role as a persuasive communication tool, it is also part of the everyday culture of virtually everyone. Actually advertising is a part of our social, cultural, and business environment.The specific reasons that a company chooses to advertise at a particular level is often difficult to determine. However, there are a number of situations that usually dictate a higher proportion of advertising to sales than might otherwise be used. First, it
As a deliverer of training and as one who has hel
Job Satisfaction“Escaping the Golden Handcuffs”What do you do when don’t have job satisfaction and even hate your job, BUT make lots of money?Often, you can't just quit and go somewhere else without taking a substantial pay cut. Many affluent employees face an enviable, but difficult challenge. Securing jobs with high salaries and attractive perks can become a trap to finding job satisfaction.That was the problem facing a very unhappy man. Paul had quickly risen through the ranks of a major bank, but his career plateaued, and he felt unchallenged, desperately bored, and
As a deliverer of training and as one who has helped hundreds of people become better trainers through train the trainer programs, I wish the equation were that easy.
Unfortunately, it isn’t. It takes more than good training to ensure a good return on the money (and time) invested.
What organizations and individual leaders need to do then is look beyond the training event alone to find ways to increase the return on investment. They need to take some responsibility themselves.
Here are 6 ways to increase your return on this investment:
Align training investments with busine
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