Concept Process Types of Training RIBO Training Schedule

CONCEPT

Coordinated Curriculum - The best way for a business to secure success in this ever changing world.

For any business to be successful in today’s highly competitive market place, it must take care of its most valuable asset - its people.

This asset, unlike the “plant”, can not be bought - only leased or rented. The cost goes up each year (pay raises, increased benefits, “payroll” taxes). To keep pace, the value of the asset - the productivity - must also increase.

Assume that cost (payroll) and value (productivity) both have a value of $100,000. Cost increases at 3% each year (straight line), so in 5 years cost will be $115,000. If value increases at 1% each year (straight line), in 5 years the value will be $105,000 The $10,000 difference would have to be made up by increasing prices, reducing profits or cutting costs somewhere else. If value increases at 5% each year (straight line), in 5 years the value will be $125,000. The $10,000 difference would mean increased profits and the opportunity to invest elsewhere. The purpose of Coordinated Curriculum is to increase productivity relative to the costs involved in having personnel. This is accomplished by determining where the business wants to be in 3 to 5 years and then determining the best method of getting there. Although this might seem obvious to most people in business, very few firms plan out their training needs.