IconAssociations & Institutes
IconBBBEE Consulting and Verification Agencies
IconBenefit Administrators & Investment Managers
IconBusiness Chambers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconEducation and Training
IconHuman Resources
IconInformation Technology and Software Partners
IconPension Fund Trustee Liability Insurance
IconPension Fund Trustee Training
IconPension Funds Adjudicator
IconPolicy Administration
IconPolicy Trading
IconRegulatory Authorities
IconRetirement Funds registered by the FSB
IconRetirement Products
IconSocial Grants (Government)
IconSurveys and Research
IconTraining Courses & Workshops
IconTrust Establishment & Management
IconWellness Programs
  Subscribe To »

How to unlock your team’s growth mindset






By Sandra Crous (Swanepoel), Vice President for Midmarket Africa & Middle East at Sage
I wasn’t always a fast runner. The thought of running my first 10km was terrifying. But, by putting one foot in front of the other, I became faster, fitter and stronger. Today, having run for more than 18 years and completing the Comrades Marathon, running has become much easier.
I’m passionate about personal development – in myself and others. When I joined VIP Payroll (now Sage) in 1989 it was still a start-up and it was nowhere near the leader in human resources and payroll solutions that it is today. But part of the reason it can now claim that title is because it prioritised team development at the starting line.
Training in fitness and training in business are vastly different but the principle is the same: when presented with an opportunity to reach your potential, it’s unlikely that you’ll pass it up.
It’s hard work getting through the start-up phase of a business. But once you do, and you enter the exciting scale-up phase – or growth phase – everything changes: your team, your supply chains, your processes and efficiencies. If you want to grow with confidence and scale up effectively, you need to put the growth of your team at the centre of your strategy.
I’ve written before about how investing in training can improve team performance and retention, result in happier customers, and help businesses comply with industry and labour laws.
Yet, I still hear two common training concerns from businesses:
  1. I don’t have budget
  2. I can’t risk losing my newly trained colleagues
I’ll tell you why you don’t need a massive training budget to reap the benefits of team development shortly. But first, let me ask you a question:
Would you rather risk losing colleagues who, as a result of the training you provided, are more engaged, more productive and feel valued in their positions, or risk becoming redundant in your market because your team is bored, apathetic and demotivated?
Successful businesses have an appetite for risk – and training is a smart, calculated risk.
In fact, engaged teams are 59% less likely to look for another job in the next year. By then, your investment – and risk – would have paid off in other ways: through increased productivity, for example.
And what business wouldn’t benefit from increased productivity in South Africa’s current economic climate? The irony is that the one thing that could achieve that efficiency is often the first to get the chop in tough financial times.
Here are a few ideas to train your team on a budget:
  • Consider online courses. Massive Open Online Courses (MOOCs) give you access to top-class training from the world’s leading universities and organisations, at attractive rates or even for free.
  • Take training in-house. You probably already have a bunch of smart, talented individuals within your business. A structured internal training and mentorship programme lets those colleagues pass on their skills and knowledge to juniors.
  • Open a library. Stock it with books on everything from leadership and sales, to technology and creativity. Encourage and reward your team for reading.
  • Research SETA funding opportunities. Registering with your industry’s Sector Education and Training Authority has a number of benefits, including training grants and points towards your Black Economic Empowerment scorecard.
Here’s the thing about business growth: if you’re not learning something new or striving to improve on what you already know, growth is impossible.
Training should form the core of your business and personal growth strategy. It’s a never-ending marathon but the longer you run, the faster and fitter you’ll become.
Source: Idea Engineers
« Back to previous page Print this page » |

Breaking News »

Is your compliance officer doing the right things?

By Associated Compliance (Pty) Ltd Compliance Practice 6377 There is global acceptance that the role of a compliance officer is to ensure that a company is conducting its business in full compliance with all ...
Read More »


Responsible Investment: Called to account

    Allan Greenblo, Editorial Director Today’s Trustee     Purporting to be a retail client, youthful ESG enthusiast Lise Pretorius* did some dipstick research ...
Read More »


Pension Funds - Prohibition of Inducement and Acceptance of Gratification

The Registrar of Pension Funds published, for comment, a draft Directive to determine conditions in respect of inducements and acceptance of gratification to ensure compliance with and to prevent contraventions ...
Read More »


Long Term Act Regulations: Draft Determination on Equivalence of Reward

Perceived disparities between remuneration for tied agents and independent advisers have been a bone of contention for ages. The Registrar also expressed concerns about the possibility of using remuneration, other ...
Read More »


More News »


Healthcare »


Investment »


Life »


Short-term »

Advertise Here
Advertise Here

From The Glossary »


Gross Claims:

The aggregate of claim payments made without deductions for credits (subrogation, salvage, etc) or reinsurance during a given period.
More Definitions »

By using this website you agree to the Terms of Use.
Copyright © Stoker Risk & ICT (Pty) Ltd 2004 - 2017.
All Rights Reserved.





Contact IG


Media Pack


RSS Feeds