Posts Tagged ‘management’

Online training for Efficient Compliance Training

Wednesday, March 10th, 2010

Some years ago, the concept of Online Training started gaining ground. The paramount training offered by any company or organization is the Online Training which enables its employees to undergo courses within the work place. As a matter of fact, this training method is advantageous to the employees in improving their knowledge. Both employees and trainees can work by utilizing the online courses from home as well as from their office.

Click here to find out about a free trial on a training system for your business.

This novel learning technology is called by the name of online training, e-course, computer based training and short online course by different course organizers. There is no difference in the meaning of these terms, they are the same.

Apart from the areas where online training is used, many companies also utilize this course for compliance training. Compliance training is one way of ensuring that the employees know the rules and policy of the company. This training is essential for those working in accounts, finance, business people; and also for those who are in business contract with government. Employees are given both online training and compliance training while in office.

Previously, the employees used to undergo training on some short term courses and folders were given to all employees during a short meeting. A trainer is needed for this purpose and the program of all the employees should be matched. Doesn’t that sound bothersome? Nevertheless, with the advancement of technology, compliance training has become essential for employees and can be easily conducted.

We can locate online training courses from the websites and also there are compliance training courses from some of these applications. The reasons for undergoing these courses compulsorily through online training are:

In the first place, every organization has many secret information that should not be told to anyone whosoever. Whenever you speak to any one you have to be mindful because it is likely that the slightest mistake on your part may disclose the information to your company Your company’s rules and regulations are important and should be adhered to. Being an employee of the company, you must ensure that the company’s rules are regulations are being adhered to by each and every employee.

Secondly, there is no necessity to have a fixed program for the compliance training. The courses can be made available to the employees and they have to complete the course by the set date. In this way, the employees will be able to complete the courses satisfactorily on the scheduled date.

Lastly, online compliance training is very flexible and it also contains some communicative exercises. This is an interesting way for the employees to learn and by this way they can also clarify whatever they learn through online training. In this way, the employees will be keen on learning and will be able to understand better through online training.

 Mail this post

Technorati Tags: business, career, education, jobs, management, online training, sales, training, video

Online Training – A Valuable Aid in Preparing Employees to Meet Their Duties

Wednesday, March 10th, 2010

The transformation from unskilled labour to skilled labour can be made possible through online training. Skilled labourers form the backbone of a company. An employee is hired only because the company feels he/she would aid it in the future. Employee retention is also important as training new employees is not at all an easy task. Hence the company should make the employees feel satisfied in their jobs. An employee would certainly feel happy with his job if he/she gets appropriate allowances, benefits of the position and good training.

What is Employees Training Needed For?

Online training aids you in meeting your organizational training needs without facing any difficulties. Preparing employees to know what things they should do as the holders of their positions can be made possible only by training them in it. Further training is also needed for the employees. You will be able to retain employees only if you provide them the ways for a good future. Any employee would want to acquire more skills and be an expert in his area of interest. The employees will start looking for better opportunities if they start to feel they aren’t progressing in their job. It is after all not a bad thing to let employees acquire the skills they need to excel in their profession. The more the knowledge, the better their performance.

Online Training to the Rescue

Online training promises both personal advancement as well as professional advancement. An employee will be able to acquire all the knowledge and skills he needs to do justice to his position by taking up online training. Online training also lets new recruits to make themselves acquainted with the things they need to know to be successful in their position. Existing employees can take up this training to move up the professional ladder. For instance, an employee can gain knowledge about other departments through the learning content if he wants to switch to a different department.

Online training aids in achieving personal improvement. This way they can do their present job better and look for promotion at the same time. Some employers provide computer courses. This is yet another feather in the employee’s cap if he takes the course. Some employees are wise enough to apply their new skills in their present job and make the work better. This eventually leads to the employee’s getting the first preference during the time of promotion.

Benefits of Online Training

Companies now prefer online training to traditional methods. The main reason is that it is convenient as well as cost effective. As it can be provided at a low cost, the company can train many employees for a certain amount. Employees can do their work according to their convenience. They can easily attend to emergency situations if they’re in the office. The training can be taken even at home.

If you’re planning on employee training over the internet, go with an LMS that is versatile, can adapt to your needs and offers a free trial.

 Mail this post

Technorati Tags: business, career, education, jobs, management, online training, sales, training, video

Project Management of a Global Team

Wednesday, January 13th, 2010

The world is getting smaller. Well, it isn’t actually getting smaller but that is one way of stating that world communications have grown to be so fast paced that the globe is in fact single community in several ways. With the advent of the internet, email, instant messaging and VOIP, it’s totally possible to do business with trading associates all-around the globe without ever leaving your business office.

For many businesses who are on the cutting edge of innovative business paradigms, the concept of a geographically isolated business is growing obsolete. It is entirely feasible to build a business consortium or a project team made of subject matter experts extended throughout all time zones and from around the globe. In truth, this form of decentralized project management of business projects is getting more of the norm than the exclusion in the twenty first century business conditions.

So just as those in advertising, solution improvement and investments have already learned how to maximize a project team that is separated by hundreds or thousands of miles, the project manager has to also adjust the project management methodology to house the same approach to getting business done.

Conventional project management is often a systematic method to getting a project from scope to implementation that has proven successful in thousands of firms. We have no motive to abandon such a well evolved methodology. Nevertheless as modern business paradigms come to play, we have to adapt even a normal methodology like project management to match the way trade is achieved in this century.

Communications may be the key to any profitable project. That is the challenge of utilizing a team from across a great geographical divide. It is entirely possible you may execute the entire project with staff members you never see. Hence to facilitate frequent and up to date communications, we must exploit the technology we have at our disposal such as…

Blogs, wikis, and shared working environments. Group sharing environments on the net are becoming ever more frequent. By setting up a tool set on line where team members can post status reports, leave electronic mails, update the project management application, file cost reports and stay in touch with each other, you ease the kind of communication that keeps the team moving forward successfully. Blogs, private message boards and wiccis are excellent means by which an ongoing “conversation” can be carried out between staff members that anyone can check into and get caught up with the content of what has been completed and what is being projected for the project.

Controlled e-mail trees. As the project manager, email is an clear way to speedily stay in touch with staff affiliates. Nonetheless, it can get chaotic aiming to keep up on fast moving electronic mail trees. That may be a great reason to trap all electronic mails trees within your online project management software system so the contributions of everyone on the team can be captured for further evaluation.

IM staff meetings. IM may be expanded so it doesn’t just carry in two participants. You can schedule your weekly employees meetings employing an IM conference room and capture the entire proceedings in the IM log thus assuring yourself that nothing at all that was said will “fall through the cracks.

By getting adept at using cyberspace as the main “location” of your project team’s interaction, you can literally develop a team of highly specialized talent that can be situated from anywhere in the world. This widely expands your capacity to tap the most effective minds for your work and to streamline the project management procedure. It will take time to get used to and there are going to be some missteps along the way. Nevertheless if you can conquer international team management using web tools, it will be a effective skill for effectively executing international projects for your trade.

 Mail this post

Technorati Tags: management, Outsourcing, pmp, project managment, projects, virtual project managers

Don’t Read This If Your Company Is Doing Well! Radically Improve Your Company’s Performance!

Sunday, January 3rd, 2010

Can you use this kind of improvement in your portfolio companies?

· Telecom – Increased revenue by 33% in 7 months

· Manufacturing – Improved productivity by 62% in three months

· Aerospace – Reduced cost by 20% in 6 months

· Financial Services – Increased Sales by 20% in 3 months

· Construction – Reduced costs by 20% in 6 months

· Healthcare – Increased Patient Satisfaction (10%) & Reduced Staff Turnover (36%) in 6 months

 

These are just a few recent results that a change to participative based management has allowed companies to achieve.

 

The use of Participative Management tools in your portfolio companies quickly increase bottom line results.   Benefits to the Portfolio Manager include:

1) Leveraging an asset that few companies utilize effectively – human capital.

2) Spectacularly improve performance in portfolio companies.

3) Measuring and improving employee commitment, motivation, and other lead indicators which directly impact your bottom-line.

 

“Private Equity needs to create sustainable and fundamental value beyond financial engineering” – World Economic Forum 2008

Traditional financial engineering and improved technology will only get you so far.make use of a forgotten asset in your managed company portfolio.  Traditional management models will achieve average operational proficiency and may not maximize organizational resources.  As Boston Consulting Group experts Heino Meerkatt and Heinrich Liechtenstein advise,“ . . . [Private-Equity firms] need to make-ready all their portfolio companies for a sustained and extensive recession, centering on operational advancements. As the peak-performing private-equity companies have demonstrated, operational value formation contains the solution empowering success in this economy.   This will be the most critical differentiator in today’s recession, especially for the 50 percent of private-equity firms that are hovering between survival and extinction.”

 

Experts agree that in order to achieve excellence in the workplace, creativity and innovation are critical. 

“The key to survival and success does not lie in the rational quantitative approaches, but rather in a commitment to irrational, difficult to measure things like people, quality, creativity, innovation, and developing the flexibility to meet changing conditions” – Tom Peters and Bob Waterman

Peters and Waterman tell us we need to look beyond traditional metrics and harness intangible resources such as human commitment, motivation and trust. These intangibles (lead indicators) impact our tangible business results (lag indicators).  Until just recently it was considered difficult to track and measure intangibles. Conversely, even the National Accounting Standards Board( NASB) counsels that measurement for intangibles emerge on financial reports.

There is a proven process that taps tangible and intangible resources.  We call it the “secret sauce,” it is very distinct from other management models because it utilizes tools and methods focused on human performance – a frequently overlooked factor that directly impacts the bottom line. Using strategic management tools, forward-thinking businesses obtain fast and powerful results.Rather than the carrot and stick method or taking a laissez faire approach this method provides a stable foundation that is easy and productive. Participative Management make optimum use of an organization’s human capital by providing people in the workplace innovative tools that allow them to increase company performance.Moreover, it imbues a sense of ownership amongst employees, which elicits worker dedication and fervor.

Motivation the Catalyst in Profit Formula – National Underwriter

John C. Bower, executive vice-president of Fidelity Union Life, noted, “a motivated workforce is the catalyst in the formula for increasing corporate profits.  Highly motivated employees have a tendency to be more productive, which enhances profitability . . . Companies with the productivity edge will outpace the others.”

Recent Scholarly Work Supports These Critical Principles:

Improving Business Failure Prediction: Benchmarking Financial Models with Human and Social Capital –Journal of Private Equity 2009

“Research on entrepreneurship and firm performance indicates that human and social capital has emerged with strong predictive ability for business continuation.”

As little as 1/3 to ½ of most companies’ stock market value is accountable for today by hard assets such as , property, plant and equipment. The growing share of value lies in intangible assets—Harvard Business Review 1998

We are moving from the Information Age to the Intellectual Age according to Richard Barrett (management consultant-business). Prosperity creation will progressively derive from the enhancement in value of intangibles. Examples of intangibles are human motivation, commitment, and trust.

In the recent article, “Human Capital Formation and Foreign Direct Investment in Foreign Countries” Koji Miyamoto writes:

“One of the characteristics of rich industrial economies is the availability of a workforce with a high level of human capital. . . [L]ong time series trends in educational attainment and economic growth during the last century indicate that [Human Resource Development] and economic prosperity went hand in hand.”

 

“Private Equity Companies need better management practices in their portfolio companies –“ World Economic Forum 2008

 

During this recession Private Equity firms will have to hold on to their portfolio companies longer and adapt their business models to accommodate the downturn.Private Equity groups can acclimatize their business models by concentrating on operations improvement and internal competence for continual long-term results. 

Caridas Consulting International (management consultant-business)

 Mail this post

Technorati Tags: aerospace, business, business consultant, constuction, employee commitment, employee performance, entrepreneur, Finance, financial services, health, intangible assets, management, manufacturing, participative management, performance, private equity, profitability, telecom

Processes for Selecting Your LMS Software

Sunday, October 4th, 2009

It is highly unusual for any company not to have an online presence, and more and more, companies are turning to the internet as the primary medium for their business and sales training.

What is so Great About Online Sales Training?

Online sales training is highly efficient, especially when carried out through the use of learning management systems.

To run and serve a business competently and efficiently, employees must be sufficiently trained in sales methods and techniques.

Salespeople must be able to convey the   ideas and functions of a product quickly and clearly to potential buyers and also respond to a client’s questions and concerns with empathy.They must know how to close a deal.

Learning Management Systems provides all sales trainees with a vast virtual community of fellow trainees to maximize training effectiveness.

The virtual community provided by Learning Management Systems is ensured to be fair to each and every participant by providing trainees with standardized learning materials and an objective monitoring system.

By using Learning Management Systems to train future employees online just makes sense. However, what Learning Management System software is right for the needs of your company’s online training program in order to maximize the effectiveness of your upcoming salespeople.

Selecting a Learning Management System

In order to separate the most promising learning management system software from the least likely to benefit business learners, a company should first draw up a Request for Proposal, or RFP.

When an RFP is submitted different software providers will approach the company with proposals for software that will best fit the companies training requirements.

Learning Management System software providers use RFPs to learn the guidelines and expectations a company has for their online training program. The three component parts a company’s online training expectations and guidelines are broken down into are:

1) A Present Learning State Examination

A company must consider and explain in detail why the current method of teaching employees sales skills is inefficient – or why and how it may be improved.

This may contain an overview of how the company’s salespeople can be better served by an online learning environment as opposed to the traditional classrooms or workstations used by the company.

Therefore, stress may be placed on the need for coordination, standardization, and     unification.

2)The Company’s Projection of Future Training Needs

An overview of how a company expects to improve training through trainee interaction, inter-trainee learning, as well as what monitoring and testing procedures will best suit the companies training goals. 

Necessary Requirements of the Software to be Utilized in Meeting Strategic Goals

Again, the company will detail how they wants their trainee employees to benefit from the LMS software used, while articulating specifically the features of the software the company thinks would be useful.

After reviewing the company’s software needs the Learning Management System software company will determine what software to be provided.

By carefully completing an RFP a company will be able to request software proposals best suited for its needs, and with carefully outlined goals, the company will be able to efficiently review potential software providers in order to provide its employees with the best online training program possible.

 Mail this post

Technorati Tags: business, elearning, learning management, learning management system, learning management systems, lms, management, online training

Processes for Selecting Your LMS Software

Sunday, October 4th, 2009

Modern business practices are leading more and more businesses to have a presence in the online community and thus more and more companies are also turning to the internet as an efficient medium to conduct business and sales training.

Why Online Sales Training?

A Learning Management System is a very effective way to take advantage of the efficient training methods available by utilizing the internet.

Employees trained in effective sales techniques and methods are a necessity for any competent and efficient business.

They must be able to communicate ideas and products’ uses quickly and clearly to the potential buyers as well as respond empathetically to questions and concerns. They also must be able to close the deal with a client.

Learning management system (LMS) software, when used by trainee salespeople, unites students in a network, creating a virtual community of fellow learners.

The virtual community provided by Learning Management Systems is ensured to be fair to each and every participant by providing trainees with standardized learning materials and an objective monitoring system.

So, of course it makes sense to use LMS to train future employee’s online .The big question remaining is: How do I select the right Learning Management System software to ensure superior facilitation of online training programs for my employees.

How to Choose the Learning Management System Software That is Right for Your Needs

The first step in separating the most effective Learning Management System software from the one least likely to directly benefit your company is filling out a Request for Proposal (RFP).

When an RFP is submitted different software providers will approach the company with proposals for software that will best fit the companies training requirements.

RFPs detail the guidelines and expectations of each companies training program to be satisfied with the Learning Management System provider’s software. These expectations and guidelines are usually broken down into three component parts:

1) Overview of the Present Learning State

A company must consider and explain in detail why the current method of teaching employees sales skills is inefficient – or why and how it may be improved.

This could include what the company feels could be gained by using an online learning environment as opposed to what the company’s current traditional learning procedures provide.

The logistics, standards, and unification needs of a company’s current training procedures should be stressed on.

2)The Company’s Projection of Future Training Needs

A company’s vision of what is expected for an employee online training program, including how the trainees will interact with each other, learn from each other, and monitoring and testing procedures to be facilitated through online learning.  

Software Requirements Necessary for the Realization of Strategic Goals

Again, the company will detail how they wants their trainee employees to benefit from the LMS software used, while articulating specifically the features of the software the company thinks would be useful.

After reviewing the company’s software needs the Learning Management System software company will determine what software to be provided.

With a carefully constructed RFP, a company will be able to request the most comprehensive proposal it can provide, and with carefully-articulated goals, be able to review potential prospects efficiently and discerningly, providing the best end result for employees.

 Mail this post

Technorati Tags: business, elearning, learning management, learning management system, learning management systems, lms, management, online training

Employee Satisfaction Questionnaires – The Advantages, Considerations and Risks

Friday, July 24th, 2009

Although there are distinct advantages to conducting regular employee satisfaction surveys online to measuring employee satisfaction – there can also be risks.

Listed here are some of the main advantages, considerations and the possible risks to conducting employee satisfaction surveys online.

 

Advantages

Identify Problems – Surveys are can be very effective in identify problems areas before they become serious, especially those that are hidden from senior management.

Working Environment – From something small like a broken chair to the more serious problem of sick building syndrome that can result in personnel experiencing headaches; eye, nose, and throat irritation; a dry cough; dry or itchy skin; dizziness and nausea; and difficulty in concentrating. Surveys that focus on the environmental aspects of an organization will ensure that areas of concern are identified in a manner that can be properly measured and controlled.

Remuneration & Benefits – Measure and monitor how satisfied personnel are with their remuneration and benefits.

Mood and Moral – Provides a simple but effective method to measure and monitor the mood and moral of an organization.

Benchmark – In the same way that an organization will consider their financial position by comparison with previous years, so the regular use of online surveys will allow an organization to monitor and measure their progress and development in non-financial terms.

Processes & Procedures – As businesses evolve some of the traditional processes and procedures can become antiquated, personnel are often the first to know and the last to be asked. New technology is often a driver that will cause a business to evolve and the business processes need to be constantly challenged to ensure that they are properly aligned with the technology.

Training – Lack of proper training is a common cause of dissatisfaction among employees and can lead to more serious problems such as stress.

Communication – For an organization to run efficiently good internal and external communications are essential, surveys can provide a method to help organizations to monitor and measure how well an organization communicates.

Goals and Objectives – Surveys can measure and monitor the extent that the personnel are aligned with the senior management’s business goals and objectives.

Cost Effective – Using survey questionnaire software surveys are quick and easy to create, simple to deploy and will provide real-time results.

Compliance – To properly comply with an ever increasing array of regulations the modern organization needs to be able to disseminate information throughout the organization and ensure, through records, that the information has been received, and importantly, understood. Online surveys can provide an organization with a cost effective method to meet many of their obligations.

Keeping the Initiative – It is always better for management to ask than be told. By conducting regular employee surveys management are able to keep the initiative in trying to identify problems that may otherwise manifest into demands.

 

Considerations

Management Backing – A survey that is both sanctioned and has the support of senior management will go some way in ensuring that any action required, based on the survey findings, will be implemented.

Ask the right questions – Consider careful the questions being asked. If employees feel that the survey is just trying to tick the right boxes the survey could backfire.

An annual survey should ask questions that will provide senior management with an overall temperature check of the organization.

Ensure that the questions that are asked are relevant to all departments and personnel. Consider running separate one-off surveys that can be targeted at specific personnel if some areas of the organization require detailed investigation.

Incentive – Most employees will feel that by being able to give their opinions that they are already stakeholders in the exercise and will be happy to participate in the survey as they will expect to benefit from the process.

However, to help improve the overall response rate some incentive could be used and it could also be used to encourage early participation.

Either all participating employees could be given a small incentive or entered into a lottery in the hope of winning a more substantial prize.

Anonymous – The decision to allow respondents to remain anonymous or not needs careful consideration. A survey that is conducted anonymously may allow employees to be more candid, however, anonymity may encourage some individuals to make wild accusations that can not be substantiated and cause considerable concern. It is often better to keep everything ‘on the record’ rather than ‘off the record’.

Where survey respondents are not anonymous there is the opportunity to encourage those that have not completed the survey to do so and also to allow issues that have been identified by the survey to be follow up directly with individual who raised them.

Comments – Keep free text comments to a minimum because they are difficult and time consuming to measure and analyze.

Limit the number of questions that allow for free text responses, usually one that asks for general comments at the end of the survey is sufficient and effective; where surveys are not anonymous, consider conducting further surveys to follow-up where the earlier survey identifies areas where additional and more specific information is required.

 

Risks

Management – Some managers can regard any form of employee consultation as a sign of weakness and may have a tendency to dismiss out of hand any negative comment.

Warts and All – A survey is likely to reveal warts and all. Surveys may reveal that the senior management’s top down view differs considerably from the employees’ bottom up view and that once problems have been exposed senior management would not be able to claim ignorance and would have to act.

Non-Action – Many employees will invest time and effort in participating in a survey and their hopes and expectations will be raised. If the issues that have been raised by a survey are not followed up employees can quickly develop a negative attitude that will make any future attempts to gather employee feedback more difficult.

Management should formally respond to the issues raised in surveys even if the demands of employees are not to be met. If senior management agree to address and resolve some issues then action needs to have started before any further survey is scheduled.

Can Cause Problems – Where surveys reveal, or bring problems, to the surface there could be a tendency for senior management to blame the messenger.

 

Summary

There are considerable benefits in conducting regular online employee satisfaction questionnaires, but for them to be effective important considerations need to be made upfront. Although the process of conducting a survey can be therapeutic in itself it is the post-survey analysis, response and action that will ultimately determine how useful and effective the process has been.

For a sample employee satisfaction survey: Employee Satisfaction Poll

 Mail this post

Technorati Tags: employee, employee relations, employee satisfaction, employer, feedback, human resources, management, Online surveys, personnel, satisfaction surveys