Training Industry Magazine - Training Outsourcing 2015 Special Edition - (Page 12)

FINDING THE RIGHT TRAINING PARTNER TO MINIMIZE RISK IN HIGH CONSEQUENCE ENVIRONMENTS By Dave Letts Organizations face business risks every day that can negatively impact their bottom line and reputation, or afford the company a new opportunity to grow. For organizations that operate in high consequence environments, with a strong emphasis on risk avoidance, compliance, safety and security, effective training is a crucial component to ensure longevity and success in the marketplace. 12 Whether it's a utility company preparing for a weather-related emergency, an aerospace company preparing crew members for a space mission, a health care organization ensuring regulatory compliance or a financial institution preparing against cybersecurity threats - high consequence training can prepare employees to meet the challenges of their job with confidence. Delivering an exceptional training experience requires diligent planning and execution. Internal resources may not always have the skills and tools necessary to effectively complete a project, so partnering with a knowledgeable supplier can be a practical solution. When utilizing an external provider to deliver a high consequence training program, organizations must ensure they select the right partner to meet their unique needs. FINDING THE RIGHT PARTNER With the increasing challenges and complexities of the global marketplace, companies have been looking more to business process outsourcing (BPO) in recent years. While training outsourcing is now widely accepted in the market, there is still resistance among some organizations. Many business leaders are raising valid concerns: How will the training be controlled? What happens to my staff? Can an external partner provide the quality and breadth of services my organization requires? What are the risks to my organization and customers? With so much at stake, finding the right training partner requires in-depth conversations to ensure fit for breadth and scope, capabilities, price, quality and speed. Training providers are not all created equal, so finding the right supplier in a sea of competition can prove challenging. It is important to consider factors such as industry exposure, cultural fit, geographic footprint and the ability to scale to meet your needs. Organizations that operate in high consequence, or high risk, environments have specific needs and objectives to consider when selecting an external training partner. Sources of organizational risk include risk to human capital, clients and customers, organizational resources and assets. The right training partner will understand the company's value proposition and be able to execute on the goals and objectives of the organization. Training partnerships can create exceptional business value when orchestrated well. Ultimately, the supplier should be viewed as an extension of the company's resources, not a separate entity.

Table of Contents for the Digital Edition of Training Industry Magazine - Training Outsourcing 2015 Special Edition

Perspectives on Training Outsourcing
Table of Contents
Infographic
Be the CEO of Your Learning Organization
Training as a Service: Making Training More Effective & Profitable
Finding the Right Training Partner to Minimize Risk in High Consequence Environments
Proving Your Relevance: How to Flex More Muscle Through Outsourcing
Defining the Link between Performance and Results
Higher Value Outsourcing: Moving to an Integrated Workforce Development Model
Five Steps to Ensure a Successful Shift to Digital Learning
I Don't Really Know' is No Longer an Option
Choosing the Right Training Partner & Modality to Achieve the Best Results
Transforming Learning and Development Through Training Outsourcing
Setting the 'Gold Standard' in Video E-Learning
10 Lessons for Success in Managed Learning
How to Select a Provider for Outsourcing Training Services
Three Rules to Begin a Great Partnership with a Custom E-Learning Provider
What's Online
Company News

Training Industry Magazine - Training Outsourcing 2015 Special Edition