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  • Julian Talbot

Why Your Company Can't Afford to Neglect Risk Management Training

Climate change, artificial intelligence, geopolitical instability, and the Internet of things are just a few examples of the trends bringing rapid change and uncertainty. To effectively address these risks, we must invest in risk management training.

Training can benefit competence, capability, and objectives, particularly when evaluated using the Kirkpatrick evaluation framework. This framework is a commonly used method for evaluating the effectiveness of training programs and consists of four levels:

  1. Reaction: This level measures participants' reactions to the training, such as their overall satisfaction and engagement. Positive reactions indicate that the training was well-received and may lead to more motivation to learn and apply the material.

  2. Learning: This level assesses whether the training increased participants' knowledge, skills, and attitudes. Improved learning can lead to increased competence and capability in the areas covered by the training.

  3. Behavior: This level looks at whether the training has resulted in changes in behavior or performance on the job. Improved behavior or performance can contribute to achieving specific objectives, such as increased efficiency or productivity.

  4. Results: This level evaluates the overall impact of the training on the organization, including any business outcomes or improvements in performance indicators.

By evaluating training at each of these levels, organizations can determine the extent to which the training has resulted in increased competence, capability, and the achievement of specific objectives. This can help identify areas for improvement in future training programs and ensure that training resources are being used effectively.

Unfortunately, a lack of time and money often leads to a shortage of training and collective societal competence. But even if we had the resources to invest in training, the availability of high-quality courses is limited. Is this because there isn't a demand for good risk training?

Inadequate capability exists because of a limited awareness of the benefits of investing in risk management competence.

The limited demand for training may be due to a lack of awareness about the importance of investing in risk management competence. And this lack of demand is a symptom of inadequate investment in training for our leaders and managers.

Rather than just pointing out the problem, I've decided to do something positive by creating some training courses.

Please share the following link with your colleagues and friends if you believe these courses could be helpful. Just seeing the list of topics might get people thinking about the importance of risk management training.

Don't let a lack of investment in training put your business at risk. Sign up for one of these high-quality courses and take the first step towards building the risk management competence your oganization needs to thrive in today's rapidly changing world.

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