How to Maximize Your Employee Training Dollars

Team Building Activity Tips — Fri, 01 Jul 2011 13:26:07 +0000

As Newswise reported two weeks ago, a University of Iowa study found that a good portion of the $134 billion that businesses spend annually on employee development strategies "could be wasted if companies don’t assure their employees that they have a promising career with the company."

That’s a huge chunk of change – savings that struggling small businesses, especially, would love to see back on their balance sheets. To it in perspective, Standard & Poor’s said Sunday that the U.S. bond market could lose roughly that amount if our economy loses its triple A rating as a result of the debt ceiling not being raised by the Treasury’s August 2 deadline.

According to the study’s authors at the UI Tippie College of Business, spending on professional development is most effective when it’s tied to career advancement opportunities. In fact, they argue, when it’s not, turnover actually increases.

They also say that in addition to employee engagement activities like career counseling, "programs like mentoring and job rotations as well as good relationships with their immediate boss can create the feeling that career opportunities are available."

In fact, tying professional development dollars to career counseling is a practice the small firms that applied for Winning Workplaces’ 2011 Top Small Company Workplaces award earlier this year have used to great effect. And by "great effect," I mean keeping their workers longer, so they end up spending far less recruiting and training new hires to replace those who’ve left for jobs where they see more long-term career potential. This, in turn, helps maintain the knowledge base and facilitate the kinds of quality customer and client relationships which generate businesses’ favorite revenue, repeat business and referrals.

Check out the charts below. Among our sample of nearly 350 firms applying for our workplace award this year, those providing career counseling experienced better employee tenure on average than their peers with no professional development approaches.

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We also saw that companies providing mentoring programs and/or job rotation – which the study authors also pointed to for the most "lean" spending on employee training – in addition to career counseling earned more average revenue in 2010 vs. who don’t fund professional development practices. And firms providing mentoring and job rotation, but not career counseling, were more likely to be profitable than those who don’t fund professional development.

Related: For more workforce effectiveness tactics that are low-cost but high-impact, read this article on our website.

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How to Maximize Your Employee Training Dollars

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Team Building: Simple Techniques That Maximize Productivity

Team Building Activity Tips — Tue, 12 Jan 2010 04:16:03 +0000

Team-building is like a corporate training technique for decades, but recently has fallen into oblivion. Why? Since many of the techniques of team building looks more like a game of work, perhaps. Or because managers decided that the construction team had enough to maximize group cohesion and productivity. But team building is a continuous process. When the military in recent decades of trial and error if you have found the people and units to play each other in the competition, grow closer, you think as a group and as individuals, and find it easier, as complementary parts of the work and not as units. Improved communication. And almost like a miracle, are a lot of people working in a team transformed. How Team Building Works Great team-building exercises using a variety of techniques to build group cohesion. Communication is an essential part of team building and focus groups on a single objective to achieve this strategy requires. Often, but not always, helps teams can compete separately. A particularly effective method is the treasure hunt. The manager leading the exercise of team building takes into account the individual strengths and weaknesses Provigil online No prescription of each team member and includes challenges to the use of these two for each member. Team members must work together, sometimes to achieve certain goals, such as the use of symbols, each family member, rather than a marker for hunting. And the reward at the end should be applied equally to all. Paintball is used by the military to the units together. This exercise requires not only physical fitness and good goal, but even more important and difficult strategic thinking skills, communications, railways, and learning to bond markets. While sport is a bit hard, and for many offices, can become a great team builder for the correct group. Other exercises to build a great team can also be used as round-robin test games, puzzles and common sports. The softball team in the office? It can be fun and a great team builder. Including team building at a meeting of Team-building exercises are generally very involved and take a considerable amount of time. For this reason, are not appropriate for most meetings outside the office, half day or full day retreats. For these meetings, more out of the office so creativity can flow and natural barriers are reduced. Starting the meeting with something relaxing and positive, then the games of construction equipment. Only after the team builders, you should seriously at work. Why? Because of recent construction of equipment, people, work better together and find new and creative ideas. You will receive an immediate consequence of notice, and you will begin to consolidate the new links immediately. When using teamwork Each office with a large number of workers who often must not interact directly with them towards a fitness trainer. However, there are a number of situations that require increased use of construction equipment. For example, in an office where there is significant friction or in small groups in the competition is more negative than positive, team building, breaking down barriers and create harmony where the fight just before creation. That’s really good if you can do in a contest that pits the top management with people in their cubicles, including a natural, healthy rivalry that already exists in most cases. Even in offices with high turnover of regular exercise can link equipment will help reduce the turnover rate and improve the communication skills to build relationships between new and established employees. In this case, the construction team exercises, if possible sale, a critical mass of 10-15% of new employees to contribute to new hits, people in their business environment.

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Team Building: Simple Techniques That Maximize Productivity

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How to Maximize Your Employee Training Dollars

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Team Building: Simple Techniques That Maximize Productivity

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