To train or not to train?

Risk management may seem simple enough in theory, yet many employees still don’t have the necessary skills and competencies to successfully apply it in practice. One of the key components in building risk management skills is no doubt employee training and development.

But how effective training really is? Interestingly, I found the following research:

A 24X7 Learning survey revealed that only 12% of learners say they apply the skills from the training they receive to their job (report by 24×7 Learning: “Workplace Learning – 2015”. September 2015).
According to a 2015 ATD research study, only 38% of managers believe that their learning programs meet their learner’s needs.
One out of every three employees say that uninspiring content is a barrier to their learning (Embracing change/towards maturity 2015-2016 industry benchmark report).
Only 25% of training programs measurably improve business performance (McKinsey Quarterly 2010).
Humans forget 40% of what they’ve learned after 20 minutes and 64% after just 9 hours (H.Ebbinghaus, A contribution to Experimental Psychology, 1885).
The findings from various studies, while inconclusive, suggest that training while very important, it alone is unlikely to be the turning point in building a strong risk management culture. I discuss other tools / techniques to build risk culture in this article: www.risk-academy.ru/en/building-risk-culture.

While risk management training is not panacea, it is important to plan, design and deliver it properly

Join this channel as a member for new videos, RAW workshops or online courses [ Ссылка ]

Read more risk management articles at [ Ссылка ]

Watch the best practical workshops and case studies from RISK AWARENESS WEEK [ Ссылка ]

DOWNLOAD our risk management book for free. Number 1 in Google search globally with 200000+ downloads [ Ссылка ]

Or check out online short courses on Udemy [ Ссылка ] Check out awesome risk management quantitative software [ Ссылка ] Enhance your company's risk management practices and improve the quality of your board's decision making with our advanced risk governance course, which covers everything from traditional risk management elements to advanced risk oversight and includes practical case studies and additional resources to strengthen your board's oversight. [ Ссылка ]

свернуть