During the COVID-19 pandemic, normal economic activity came to a grinding halt. Small and mid-sized businesses across the world were left wondering how to make up for lost revenue. Overcoming tremendous setbacks requires dedicated strategizing, creative thinking, risk-taking, and reframing.
One approach that may not come to mind initially—but is highly effective—is to invest in team training. When they’re fully equipped, your employees become not only better at their jobs, but also more confident. Read through our eBook, Increasing Revenue and Competence Amidst Economic Uncertainty, for creative ways to boost morale and revenue.
If your company has extra hours to fill due to the pandemic, consider encouraging your employees to acquire a new skill, do job-related research, or complete a training course as a team. Gallup research indicates that only 26% of employees strongly agree that feedback helps them do better work. To allow staff to achieve growth, they must be properly equipped.
For example, our staff members at 212 Media Studios are required to complete two hours of training each month—one hour focused on job-related improvement and one hour on personal improvement. This dedication ensures that employees are always learning and refining their skills.
As Peter Sengea put it, “a learning organization is an organization that is continually expanding its capacity to create its future.” By empowering your employees and supporting their continued development, you’re investing not only in their futures, but also into the future of your organization.
For more information about increasing your revenue by implementing training initiatives, driving traffic, and creating digital experiences, download our eBook.
As the coronavirus pandemic continues to disrupt corporate liquidity, business executives need to implement innovative, considerate strategies. Downtime can be used by employees to hone their skills. Their individual growth will also mean growth for your company.
Contact our experts to set your team up for success and develop effective revenue strategies for your company.