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Five strategies to develop profitable professional training business

PSB

While it can feel challenging to increase profitability in a training business, often, the most straightforward ideas can help increase profitability. So, are you ready to create a more profitable training business? Below are five strategies that will grow your training business and help you effectively run a training business.

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How to Excel with an Effective Internal Talent Mobility Strategy

hrQ

Crafting a Robust Internal Mobility Strategy To develop a robust internal mobility strategy, it’s essential to create: A clearly articulated structure Effective communication pathways Strong support from leaders An openness to organizational change For successful internal mobility, your business should create a clear job architecture.

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Using a Learning Management System to Cross-Train Employees

Netchex HR Blog

Athletes who cross-train become stronger and faster by using their muscles in different ways. Employees can get similar results in the workplace through cross-training. Instead of training in only the skills an employee uses daily, cross-training encourages staff to: Learn about tasks that are performed by colleagues.

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Peer to Peer Learning: Why It Should Be Part of Your Training Strategy

HR Bartender

[Shurte] As an L&D professional, my take on peer-based learning is that, while it is not a new idea, it certainly is an idea whose time has come! I know I provide a valuable service to my organization, and historically that value has been through training opportunities I’ve created, facilitated, provided, or recommended.

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Future-Proofing Your Career: Job Skills for Success in the AI Era

Netchex HR Blog

Before using generative AI for HR, make sure you learn how to manage security risks. With insufficient training data or flawed inputs, documented AI “hallucinations” include nonsensical answers and complete fabrications. Management strategies may be shaped by company values, but they can’t be calculated exclusively by AI.

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Training Management Processes: The “Training Trend” Least Talked About for 2024

Training Orchestra

In this post: Learning & Development Trends to Watch Out for in 2024 Too Much Focus on Learning Management Systems as the Only Education Technology Why Investing in a TMS is critical for Training Business Growth What’s Next for 2024? The LMS makes up nearly 85% of the learning software market.

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Six ways learning management software helps people teams spend less and achieve more

cipHR

Learning management software helps to create and retains top talent In a 2022 PwC survey of more than 52,000 workers worldwide, half (49%) said their job requires specialist training. And the need for ongoing training and upskilling is not limited to those in specialist roles. Retaining an untrained one.