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Competency Based Management
By Tre Canns,
Competencies are fundamental aspects for both employees within a workplace, and the managers in charge of said employees’ area of work. For the professionals working as employees within a company or organisation, their respective competencies denote the abilities and capabilities that they have in regards to performing certain tasks or work. For management, taking note of a respective employee’s competencies and utilising them to the fullest extent possible allows for increased productivity and other improvements in the workplace. By paying attention to the competencies of those within a company or organisation, managers can ensure that they are working within the right field and remain motivated in all the ways necessary. Our training course on Competency-Based Management seeks to provide professionals with the knowledge and ideas they need to optimise employee contributions within the entire organisation, while also attaining an understanding of how to motivate and empower employees, particularly in accordance with their respective competencies.
Competencies are in themselves, the qualities and aptitudes possessed by a person for a myriad of different fields of work. They differ from skills in the sense that they are inherent trait, as opposed to something learned and attained through training or studying. While competencies can be trained and honed, they cannot necessarily be learned. Competency management is the term used to refer to the style of management in which employee knowledge and behavioural patterns are enhanced and developed by managers, focusing on the overall growth of their competencies. It allows managers to clearly identity every competency of each employee, while also analysing how these competencies apply to and work towards the goals of a respective company or organisation. Following this, competency managers can then create development plans for employees that require work on particular competencies, while also monitoring and measuring the progress of both competency development and work completed by other employees.
Competency management is a useful strategizing tool for a number of different reasons. By utilising different competency management techniques and frameworks, competency managers are able to determine the areas in which a company or organisation’s workforce must be optimised and enhanced, so as to allow for an overall better performance and increased productivity. As well as this, sufficient competency management permits managers to plan in advance for how different roles within the workplace need to be filled with both existing and future talent, if relevant. Succession planning such as this ensures that the business can continue to operate with little to no disruption if there is a change in personnel at any given stage. Employee retention is also likely to improve under successful competency management; by paying attention to employee needs and investing time and effort into the development of their competencies and abilities, they are far more likely to feel valued by the company or organisation they represent, thereby staying in their role for longer. Competency management yields a significant number of different boons if utilised properly, and is an essential component of management within any business.
Through our training course on Competency-Based Management, we instruct individuals on the ins and outs of competency management, providing a deeper understanding of how to utilise competencies to yield the greatest benefit for one’s respective business. Our training course focuses on providing attendees with how to properly distinguish between skills and competencies, while also teaching how to properly motivate employees according to their respective competencies. By taking part in our Competency-Based Management training course, prospective and current managers alike will attain the skills and understandings necessary to perform their role as proficiently and successfully as possible.
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Business English Skills
By Tre Canns,
Within professional environments such as one’s place of work, communication skills are an indispensable tool for both success and progression. Alongside this, global markets and businesses are becoming more prevalent throughout every corner of the world, with many different companies and organisations needing to increase their communicative abilities in order to successfully do business with other professionals.
With English being one of the most prominent languages for business on the planet, it is therefore unsurprising that it is of the utmost importance to be able to utilise the English language for communicative purposes in business. Our training courses on Business English Skills are designed to provide participants with the English language skills they need to become an effective and prominent part of the contemporary global market place.
Business English in itself refers to the English language when utilised in regards to various different aspects of business as a whole. Business English is a necessity for anyone wishing to work as a professional in the global marketplace, due to the number of different terminologies and vocabularies that hold a heavy importance in the field of business, as well as certain circumstances during which one may need to use business-oriented English. Business English is also essential for taking part in some of the day to day operations of the workplace; this may include engaging in presentations and negotiations with both colleagues and external professionals alike.
Another important application of Business English would pertain to the various situations in which one needs to communicate with clients from vastly different locales would require a common language, or lingua franca. English is considered to be the world’s lingua franca and thus, remains at the forefront of global business. Therefore, being able to utilise it would not only allow one to work with other businesses around the world, but would also allow for one to work in different environments and businesses globally also. Maintaining a knowledge of Business English also allows for one’s respective business to appeal to different audiences and potential consumers in a variety of different locations.
Our training courses on Business English Skills are based on instructing attendees on the best practices necessary for communicating with others in business-oriented situations, as well as how to successfully express oneself in the English language with a high degree of fluency, accuracy and confidence. Through a series of different exercises and role plays, and by focusing on research pertaining to prominent and popular topics of business such as I.T. and finance, attendees of our training courses will be provided with significant opportunities to attain a strong grasp of business-oriented English.
As well as this, our training course on Business English Skills is designed to facilitate a higher standard of English communication in other circumstances, such as presentational skills and socialisation. The English language is unquestionably one of the most fundamental and important languages for business in the world, and is a must-know for any aspiring or prospective professional to learn and utilise to a high standard. Our training courses are the perfect way to acquire and hone this essential tool, in order to further excel within the field of business.
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Cash Flow Statement Workshop
By Tre Canns,
It is an indisputable fact that within the day-to-day operations of a company or organisation, monitoring both accounts payable and accounts receivable is of significant importance. By regularly performing an analysis of how much money a business has coming in versus how much is being expended, it becomes more possible to easily check the financial health of one’s company or organisation. Data on this financial health is regularly recorded in the form of a cash flow statement, which can be used in preparation for bolstering a company or organisation’s financial health, in addition to allowing one to implement better business practices. By taking part in our Cash Flow Statement Workshop training courses, attendees will be provided with the knowledge and tools necessary for enhancing the financial organisational processes of their workplace and performing a strong analysis of their organisation’s cashflow, effectively improving cash flow through better management and improved system integration.
To begin with, there are two crucial aspects of finance within a company or organisation that must be paid attention to, when considering the business’s overall cash flow. One of these aspects is accounts payable, which refers to the money or debts owed by a company or organisation to any relevant third party, such as a supplier of goods. In contrast to this, accounts receivable is the term used to money that is in owing to an organisation or company by other third parties. Whereas accounts payable are considered a liability, as they consist of money that is due to leave the business that holds it, accounts receivable are treated as being an asset. Both of these two elements play a significant role in the creation and implementation of a business’s cash flow statements.
A cash flow statement is the financial statement that holds all information regarding both the financial inflows and outflows of a respective company or organisation. It details how any money comes into the company, be it as a result of ongoing consumer operations or investment from external sources. This is typically in itself referred to as cash inflow. As well as focusing on this cash inflow, cash flow statements also provide an in-depth analysis of all finances and funds leaving the company, through means such as paying for supplies, making investments or other activities pertaining to business; this is referred to as the cash outflow.
Cash flow statements also detail the financial health of three of the key areas of business operations, and how they reflect on the overall financial health of a respective company or organisation. The first of these is operations, which refers to all transactions relating to typical business activities. Examples of these include the revenue and inflow gained from selling products and services to consumers, as well as any outflow that occurs as a result of taxes, or payments to suppliers of goods. In addition to operations, cash flow statements focus on investments. They detail how inflows from investing, such as the selling of business assets, our outflows, such as the purchase of business assets, affect the company or organisation’s overall cash flow. Finally, cash flow statements focus on the business’s overall financial activities, analysing sources of inflow and outflow such as equity and debt respectively. Essentially, the operations, investments and financing of a business are three of the most important points to consider when analysing a company or organisation’s financial health, and thus are focused on to a significant extent within cash flow statements.
In our training course on this subject, titled Cash Flow Statement Workshop, attendees are taught about the various techniques and skills essential for effective preparation and analysis of cash flow statements. Attendees will be instructed on how to effectively apply the fundamentals of accounts payable and financial accounting to their workplace, while also gaining an understanding of how to best review payments and cash managements within the business. Attendees of our training course will also be trained on how to best perform an analysis on potential risks and uncertainties surrounding accounts payable within a company or organisation, and the best practices for cash flow statements across different areas. With the training and education provided in our course, professionals will be able to gain a strong understanding of the cash flow statement system and how to best utilise and practice it within their workplace.
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