Scenario-based Training

financial literacy scenario based training

Why Employers Should Invest in Financial Literacy Training in 2022

Traditionally, financial literacy has been approached either as budgeting 101, or a precursor for a career in investing. Now more than ever, there is a need for financial literacy that targets a gray area in between- where business and financial investments collide. The potential for investments is great, and growing every year. Here are three reasons why you should train your employees in financial literacy to expertly navigate the financial world.

simulation based skills training

Why You Should Focus on Your Soft Skills with Simulation Based Skills Training

In today’s evolving workplace, strong interpersonal skills are of utmost importance. In an age of automation, those qualities that make us our most human are the exact characteristics that employers look to find and foster in their teams. Studies have found that 97 percent of employers declared that soft skills are just as or more important than hard skills. 

learning styles workplace

How to Address Every Workplace Learning Style with Scenario-Based Training

Everyone learns differently, which makes it important for managers to identify each employee’s learning style. There are many schools of thought on this subject, but it’s a helpful tool to use sparingly. Failure to do so could mean underutilizing or overlooking talent that exists within your organization. By choosing the right types of training methods, teams minimize training time, fully utilize available talent, and prime the pump for long-term success.

feedback training program

Create a Culture of Feedback and Learning with Simulation-Based Training

Employee training is a hallmark HR program that helps employers ensure that workers have the necessary skills and abilities to perform their job duties correctly. As workplaces become more complex, with more digital tools, databases, software applications, and devices necessary to complete work, the need for employee training is as critical as ever.

upskilling and retraining employees

Upskilling vs Reskilling: When and How to Do Both with Scenario-Based Learning

Staying competitive and up-to-date can be challenging. One of the keys is to upskill and reskill your employees. A report from Citrix found that 82 percent of employees and 62 percent of HR directors said workers would need to reskill or upskill annually for an organization to maintain a competitive advantage. Results from a LinkedIn Learning report found there has been a 15 percent increase in the number of organizations that are investing in upskilling or reskilling programs over the past couple of years. Clearly, the pressure to prepare for the future of work is starting to translate into formal policy and programs.

how to handle labor shortage

How Scenario-Based Training Can Help You Handle the Post-Pandemic Labor Shortage

Employers across the U.S. are crying out for workers and grasping for solutions to the current labor shortage. A labor shortage means there are more jobs than people out of work. Though this is a phenomenon not often seen within the U.S. economy, the COVID-19 pandemic has turned many industries upside down and resulted in an acute worker shortage. Currently, there are about 3.5 million fewer people in the workforce relative to February 2020.

how to improve employee training program

How to Improve Your Employee Training Program with Scenario-Based Learning

Great job! You have recognized the importance of ongoing training for your employees and are ready to take the steps necessary to improve your employee training. Companies that are not training their employees on an ongoing basis are sitting still. You, however, are ready to grow. Scenario-based learning is a learning strategy that makes learning relevant and engaging, and an overall better investment in your employees. Here are three ways to improve your employee training with scenario-based learning.