Archive for

Why Employee Training Is A Good Investment

Employee training is a process that requires employees to acquire the necessary skills and knowledge needed to perform their job. Recent studies have found that company training is linked to improved employee performance, development and retention. An employee will not be able to reach their full potential unless they are adequately trained. A poorly trained employee will eventually lead to poor performance. When company training is implemented, it helps organization become more competitive, improves revenue and employee performance.

Unfortunately, many organizations reduce or cut their training budget when the economy slows down which has a negative impact on the overall company. As corporate budgets get tighter and tighter, organizations are demanding that their expenditures on training be fiscally justified. Trainers are being asked to build a business case for making training investments, and they are being required to determine what those investments yield.

It is important for organizations to maintain a consistent training strategy in order to compete. The costs of proving employee training can be reduced and controlled by developing a comprehensive training plan for their your workforce. In addition, the cost can further be reduced by using a variety of training methods including video streaming, DVDs, webinars, exercises and activities to name a few.

In simple aspects, the employee training programs are a good way to make the employees ready to step into a world of competition and success using simple and basic business ideas. Every company should implement the concept of employ training in their business, so that their employees make a good start and contribute to lead the business to an unimaginable height.

Before implementing your training or plan, here are some questions to ask yourself:

  • What are the training needs for our organization?
  • Who needs to be trained?
  • Is this training in alignment with our organizations goals and objectives? If yes, how?
  • Who will be conducting the training sessions?
  • What training media or format be used? (video, online training, instructor, seminar, classroom, activities, exercises… )
  • How will the information learned be transferred in to the job?
  • How will the training be monitored and measured to see if it is successful or not?

It may also be a good idea to meet with other managers, supervisors and employees to get their feedback on what type of training they think is needed. This is good way to get the necessary input from others in order to help make the training relevant and effective.

For your program to be successful, the training must be both desired by the employee and beneficial to the overall company. It is important that employers follow up on training to ensure it produces the desired results for the company.

What Am I All About and Who Cares Anyway

No one cares about you or your business. I know that may seem shocking for many of you, but it is none the less true.

People only care about themselves. They care about the results they gain from engaging your services or using your products.

They only care about their growth and success. They care about the long term value they gain from working with you.

Here’s the problem.

You are probably communicating as if your target market cared about your business instead of their personal interests.

“I’m a __________ (fill in the blank with your profession) and I help people (offering something you sell) with my services.”

The problem is I and me. The word people is the other challenge. What people, who do you help? How do you help them exactly? What is the result of that assistance?

You’re thinking I and me and so is your potential client.

Instead of thinking I and me when you’re communicating start thinking you and your.

“I solve (the problem you solve) for people like you who (the challenge your target market wants to overcome) so that you can (result they gain).”

See the difference. In selling you understand that listening is the key. You have two ears and one mouth. You should listen twice as much as you talk.

In communicating you need to have one I and two or more you statements when you “talk” to your target market.

Most people see their business from a personal point of view; they cannot express the value they provide to other people.

What can you do if you’re I and me challenged?

First understand what the value is you provide other people? If you don’t know ask.

Then understand the Return on Investment (ROI) people typically gain from working with you?

Combine these two sentences into a short statement. When people ask you what you do stop telling them your job title or category of business and start telling them the value and ROI you provide.

It’s hypnotic. People suddenly respond to your communications because they suddenly understand “What’s in it for me.”

Creditors – Why Do They Invest In Your Debt?

A debt is a legal financial obligation that needs to be repaid to a lender or creditor who have invested a lot of money and have taken the risk to allow you to borrow some cash even if it will mean to them a great loss if you will not be able to repay the money that you owe and you end up defaulting the loan. However, despite of the great risk associated with the lending business, still the number of creditors or lenders is continuously increasing.

The reason is simple – creditors, lenders or whatever they are called can make money out of your debt. In fact, they earn even more from your debt if you are in default or you always fail to repay on time because of the extremely high interests and charges that they usually add to your credit account for not being able to pay them back when you were required to do so. These are probably the major reasons why creditors are making a huge profit in the lending industry.

In addition to that, there are some other reasons why creditors are earning a lot from debts especially upon the default of borrowers. Firstly, when you are in default of a secured personal loan from a bank, your creditor can foreclose your home, if it is the collateral for your secured loan. They can also take your car or anything that you own that you have placed as collateral for your debt.

And while most credit card debts are not secured by any property, if you have unpaid credit card bills, your creditor can sue you in court and such lawsuit creates insured bonds and provides a credit rating before it is traded in the stock exchange. They do not hesitate investing in your debt because they know that can earn a huge amount of money from the insured bonds or from lawsuits and judgment liens. Some creditors will even offer you “settlement plans” so you will have another repayment option and making it appear that a different agency is offering the plan when in fact, it is still offered by your creditor themselves.

Your creditors are not like your friendly neighbor Uncle Bob who will just lend you some cash without having to worry about repaying it back right away because he will surely understand. Most “creditors” act like they are angels sent from above to help you out in times of difficulties but they are actually evils who are playing their games against you. They have no conscience and they do not care about you. All they care about is their business.

As such, you should stay away from them as much as possible. Do not easily give in to the plans that they offer that can get you out of debt because most of their plans are part of their business strategies. They will just bury you deeper and deeper in a pit of debt.

The best way to go about getting out of a debt is changing your habits. When you are used to spend lavishly, begin spending wisely, avoid making credit card purchases and managing your property and finances well. That way, you will not end up in a situation where you will need to take out a loan or a cash advance to help you get by a financially difficult time. Also, try using your credit cards only when cash is way out of reach or during emergencies. Discipline is also an important factor. Without it, changing your habits and all your other plans will not be possible.