Category: Tips

Excellent Ways To Maximize Knowledge Retention During Training

young business man giving presentation and education leassons on seminar event in small bright conference room

Workers usually find inspiration during training sessions. However, when they call it a night or after the end of the training, they tend to forget the skills, information, and knowledge acquired during the session. In order to maximize knowledge and skills retention, you can utilize these techniques during and after training.

Tell them a Story

An excellent way to increase knowledge retention is exploiting the fact that people tend to remember things ways better when they have an emotional connection to them. A good way to establish that link is by storytelling.

Creating a narrative, with characters and situations that your employees can relate to can help get across key objectives in an engaging and easy to understand manner. However, do not get too carried away and tell an overly complex story. It is particularly easy to be swept along with a narrative that’s too detailed and forget the learning objectives.

Utilize Social Networks

You should consider creating social networking groups for your employees. Allow them to utilize social networks to share information and ask or answer questions that relate to the training. This not only helps the people that attended the training session retain what they learned but also gives those who were not able to participate access to information.

Introduce the Intranet

You should also use an LMS or an Intranet site to post and share information during the training program. This can be a blog or just a place where the employees can access presentation slides as well as worksheets. This enables the trainees to access training materials whenever they need them, even outside the training schedule.

Test or Quiz the Trainees

One of the simplest and most effective knowledge retention technique is to incorporate quizzes and tests in your training content. It helps the trainees keep track of their progress and enables them to see what they have retained or learned. It ideally gives you data of how effective your learning mode is, and whether it needs tweaking.

However, a final test or quiz is not enough. To maximize knowledge retention, you should test them regularly after every module. This way, you will be testing for more defined learning objectives, and the workers will find it easier to remember and concentrate on the specified module, instead of a lot of things.

Draw Knowledge Maps

These create a direct line between knowledge and specific skills to the training program. These maps are diagrams instead of textual references. They help in knowledge retention because people tend to learn better through visual means compared to audio training.

Create a Mentoring Program

It is also a good idea to bring in experienced workers to become the trainers so that they can pass down their skills, experience, and knowledge to a generation of new employees. This kind of program can begin in the classroom training, but continue even after the training program is complete. People that handle the job duties on a regular basis are usually the best teachers for a new group of employees.

Cloud Computing And How It’s Important For Your Business

Clouds

Cloud computing is the latest and innovative way of running business processes through a virtual server, hence no need for a physical one within the business. You, therefore, do not necessarily need to store data and files on proprietary or local storage devices. All the company/user data is uploaded to a secure server, which is not only easy to access remotely but also much safer. Using cloud services has also made it easy for businesses to run operations remotely while allowing employees work from anywhere across the globe just as they were in the office. This reduces operational costs significantly among many other advantages.

Reasons to Embrace Cloud Computing

1. Reduced IT costs

Cloud computing eliminates the need for expensive IT equipment, systems, and their running costs. These systems provide your employees with all the computing power and resources they need to work smart and efficiently. In addition to this, you never have to worry about system upgrades, hardware, huge energy bills from running multiple servers, or even need an expert IT person. Your provider takes care of all these, leaving you to focus on the more critical aspects of your business.

2. Scalability

Scaling up or down is only a few clicks away. Cloud computing service providers make it possible for companies to buy just enough resources as per their needs. Should one need to upgrade, he/she only needs to do it with a few clicks. Such flexibility means you can take everything the market throws at your business comfortably. If running an online business and need more storage, resources, or even bandwidth, the provider will be able to give you just that. You therefore never have to worry about purchasing more expensive IT equipment or upgrades to your systems just because the company is growing.

3. Enriched Efficiency

The cloud environment also makes business to business, and employee collaboration much more manageable. Employees can hold conferences and meetings virtually via a secure connection, hence no need to show up for meetings in person. The same applies to customers. Clients can submit requests, orders, and inquiries online, where all these can be handled efficiently either remotely or by the ever-online customer care staff. This portal also provides a secure portal for accounting records and sensitive data to be transmitted while eliminating data breach.

4. Data Security and Privacy

With everything handled via a secure virtual server, company data and confidential information safety/security are guaranteed. The best thing with cloud computing is that employees can only access files and data they are allowed to. These systems provide passes that have to be approved before one can access specific files. Your data is also safe from malicious individuals, or physical damage due to fires, floods, or hurricanes.

5. Automation and Agility

Cloud computing makes it easy to handle even the most complicated requests and business processes. This is because everything is heavily automated with self-provisioning, which gives end users the ability to manage the more important requests, orders, or processes with speed. These processes also make it easy for customers to be attended to quickly and efficiently without delay. Access to files and other relevant information is automated too, hence no long queues.

Cloud computing streamlines IT business processes as much as possible. This eliminates everyday stresses where one has to deal with huge energy bills from IT equipment, data security, upgrades and such. You however need to find a good and trusted service provider to buy the best package for your business.

Going from a Sole Trader to a Company? Here are Some Tips to Keep in Mind

Do you think it’s the perfect time to restructure your business in Australia to Proprietary Limited company (Pty Ltd)? Converting to a different business structure entails a great deal of research, financial investment, and planning. If you are considering going from being a sole trader to a Pty Ltd company, here are some tips to consider.

1. Compare the pros and cons of each business structure

As a sole trader, carefully weigh the advantages of forming a company against the costs related to the business restructuring. Especially if your business is service-based, changing your business structure can be very advantageous. For instance, a Pty Ltd can provide some form of liability protection to your personal assets that sole trading cannot. If the advantages outweigh the costs of the conversion, then go ahead with the restructuring of your business.

2. Consider the taxes

When computing the costs of forming a Proprietary Limited company, take into account the taxes you are required to pay. Corporations are often associated with the so-called double taxation wherein income is taxed twice (at the individual and corporate levels). Some business owners forego their shareholder dividend payments to avoid double taxation.

3. Do your paperwork

To set up a Pty Ltd, you need to register your company with Australian Securities and Investments Commission (ASIC) by filling out the Form 201 or the Application for Registration as an Australian Company and then mailing the accomplished form to ASIC.
If you are busy and barely have the time for paperwork, you can hire a private service provider (PSP) to take care of your company application for a fee. A PSP uses software that can directly access the systems of ASIC.

When your company has been registered, make sure that your company’s name is displayed where you conduct business, it’s open to the public, your CAN/ABN is included on any company documents, and your details are always updated.