SUNBIZ

Now Is The Time For Training- A Smart Investment

Bula everyone. this is Richard Coles. I’m pleased to contribute to the Fiji Sun articles on Customer Service and associated subjects. I hope you enjoy them. Many come from many
06 Feb 2016 15:17
Now Is The Time For Training- A Smart Investment
Customer Service

Bula everyone. this is Richard Coles. I’m pleased to contribute to the Fiji Sun articles on Customer Service and associated subjects. I hope you enjoy them. Many come from many years associated with these subjects from research, delivering training courses, consulting, and writing.

Recently I delivered a 10 day Customer service training for a well-known Fijian company who already had a good level of Customer service.

I was impressed by their management’s decision. Why did they do it? It is an investment for their future.

A precaution to ensure that their staff are at leading edge of customer service. It’s raising their competitive advantage. We can always do better.

Times in Fiji are good and in my two weeks there, I got impression that business is increasingly good and will continue so.

But, in good or tougher, leaner times in any organisation, training needs should NOT be delayed or cancelled.

Now is actually the time to keep your staff Capital high. Now is the time to either maintain or even increase spending on training and development.

Create a mindset of value-based training in your organization. Why?

 

Let’s take customer service training as an example

Reducing or shelving your training budget will delay any progress and improvements in your customer service levels and initiatives.

Therefore you are delaying customer satisfaction, loyalty, and retention. In other words you are actually losing money when you delay or cancel training.

When tough times come the training budget is often first to go in the overall budgets of many company.

Yes, it is usually reinstated when good times return – slowly. But, what took place in the meantime?

The six months, the year when training was reduced? Lost business, dissatisfied customers, and complaints, loss of momentum, de-motivation and possible loss of business that will be very hard to recover.

It has been said that customer retention is one of the most important initiatives that can be taken, but usually is given little thought.

When times are good or tough surely we should be increasing our attention to this activity and it almost always needs training.

 

Training a necessity

Training can sometimes be treated as an extra or only if absolutely needed. The news TODAY is Training is a necessity and always an urgent consideration.

Unfortunately many companies don’t take time to consider the implications of NOT training their staff.

Now, it is sometimes the fault of the training provider as they don’t always emphasise or campaign the need for training in downturns as well as good times. They also need to keep a positive attitude.

In the case of customer service, what are the subjects that underpin excellent customer service? Consider these at the foundations:

  • Time management
  • Problem Solving
  • Communication Skills
  • Phone Techniques
  • Teamwork
  • Creativity
  • Empathy
  • Complaint handling
  • Internal Customer service, and more at the foundations.

 

Consider the benefits of timely training programmes in customer service:

  • Retains customers
  • Motivating to staff
  • Increases output
  • Strengthens teams for the upturn
  • Improves performance
  • Reduces stress
  • Employees feel valued
  • Improves recruitment as you are known to value learning
  • Fewer errors
  • Reduced customer turnover
  • Reduced employee turnover, when turnover is attributable to poor supervision
  • Proper implementation of new customer strategies
  • Higher workplace morale through more effective management practices
  • Reduced recruitment costs (because training can create more job-ready candidates for promotions)
  • INCREASES REVENUE

 

Cost of training

Of course all employees should benefit from training, but at times company need to look at areas of greater maximum return for investment.

Example if we targeted all sales persons in a company and they improved their performance only by 6% – just 6% – it could equate to a doubling of revenue gained through better sales techniques, etc.

Any decent training provider should be able to create an innovative method in which to plan and schedule your training so it is not a budget or time sapping exercise.

For instance a two days customer service course that cost your company in total US$10,000 over two days and for 20 staff.

For the next year this investment equates to US$833 per month/US$27.77 per day total cost for the training.

My question to you is do you think your staff can create enough positive customer experiences or “Moments of Truth”, to at least cover this amount each month?

Do you think your staff can retain or attract enough customers to make this worthwhile?

Do you think that 20 staff that attends this training can over a year provide a ROTI that exceeds US$27.77 a day?

The cost of each employee attending the course is about US$1.38 per day.

I would estimate that they will be able to return your investment many, many times over, plus all the other benefits mentioned.

Contact Coles International Training & Consultancy to discuss innovative methods of meeting your training needs economically and in a timely manner.

I can calculate the cost and benefits of training for your particular training considerations.

It is a four part process formula and takes us about 15 minutes.

This simple time investment could save you thousands in lost revenue.

 

Bula Vinaka and all the best!

Richard Coles specialises in customer service, leadership and management training. He intends to spend time here conducting trainings. Those interested to get him on board as a trainer/consultant, can contact him via email: colestraining@gmail.com



5square-mothersday


Get updates from the Fiji Sun, handpicked and delivered to your inbox.


By entering your email address you're giving us permission to send you news and offers. You can opt-out at any time.


Fiji Sun Instagram
Subscribe-to-Newspaper