Selling a business - The importance of getting your ducks in a row.
The current business climate is nothing if not one of concern. The COVID pandemic has put a magnifying glass on the short, medium and long term prospects of every business, large and small. Already there have been multiple layoffs, significant numbers of businesses applying for protection and more than a few that have already accepted the inevitable. Those in the latter category deserve to be lauded. It is a heartbreaking decision to close a business, any business and requires a cool head to accept that in most cases, this is the best course of action for staff and creditors.
A high staff turnover rate is costly. Having an effective onboarding process can train staff quickly and keep them around longer. Whether it is informing the new hire of the programs available to them or letting them know what will be expected of them, onboarding sets the foundation for a harmonious relationship with your employees.
I have always enjoyed learning new things, especially in education, so I was very lucky to fall into the perfect role 16 years ago when I came back from my OE. I started at a very small company with a huge vision, and I have been here ever since! Many of my colleagues from university now work in big organisations with pinball, table tennis and even slides - but I wouldn’t change my career path for anything (well maybe Craig Walker’s role) - because eLearning feels good.
We already know that onboarding training and maintenance training for staff are essential. But there is a key element of workplace training which is often ignored: tracking employee training.[line]
Tracking employee training is important for several reasons:
It helps you to know that your staff up to date with advances in industry, technology and legislation
When you assume you make an ass out of u and ur company. You should never assume that your staff is on top of any developments within the industry. Instead, you need to track their training and development. Keeping abreast of technology improvements and advancements keeps your staff at the top of their game. Making sure your staff are up to date with rules and regulations is especially important in terms of health and safety. It is your responsibility to monitor your employees' health and safety training and knowledge and ensure that they are well-versed in your OHS policies to protect them from accident or injury.