Cut Costs and Save Time on New Employee Onboarding With A Smart Investment

Effective onboarding training does much more than merely ease a new employee into their role, it also imparts a sense of purpose and belonging. With the right approach, it can serve as a powerful tool for increasing productivity and retention in your ranks. 

A quality digital employee onboarding training program can save your organization significant amounts of time and money without losing any of the benefits of in-person instruction.  

  

Increase Employee Retention When It Matters Most  

Today’s workers are more mobile than ever before. All types of organizations are having difficulty attracting and retaining the talent they need to thrive – and the more highly skilled a role is, the harder it is to find a replacement.  

Providing in-depth, engaging onboarding training is one way your organization can combat this problem. Onboarding training helps your employees better understand their new work environment and their place within it. This forges a sense of loyalty among your team and has been shown to generate a 50% increase in employee retention.  

  

Choose Digital Training to Save Time and Improve Productivity  

New employees need time and instruction to rise to the same level of performance as your existing workforce. Delivering this instruction manually, however, slows the process down considerably. Not only do some staff members have to take time out of their day for training duties, but new employees may find themselves waiting idly for someone to fit the training into their busy schedule.  

With self-guided digital onboarding training, new hires can quickly get themselves up to speed on your company culture, relevant rules and regulations, and what is expected of them in their new role. Digital training programs also ensure consistency, making sure that all new hires receive the same vital information. Your new hires can get to work more quickly and your existing workers can stay on task. 

  

Create Custom Content for Your Present and Future Workforce 

Even with strong retention initiatives in place, your workforce is sure to shift and expand as the company grows. All new future hires will need onboarding training, and some employees who are promoted to higher roles may benefit from an additional round of training to help them settle into their new position.  

In contrast to the ever-mounting costs of traditional onboarding, investing in custom digital onboarding training modules is a one-time expense. These training tools are extremely scalable and can be used to instruct as many new hires as needed in the coming years. They can also be easily updated to reflect any needed changes in the curriculum.

Avalability of digital tools also allows you to generate more engagement among the trainees by utilizing 3D modeling and simulations, video content, gamification etc. This kind of learning experience based onboarding improves knowledge retention while shortening learning spans.

Streamline Your Onboarding Training Today 

Building a digital onboarding training program for your organization will help you trim your expenses and your staff's workload. The Brooks Group provides customized employee training programs for healthcare executives, including strategic account management training, and onboarding training. Contact us today to discuss your digital training needs and let us help you establish a more efficient and consistent onboarding process for both you and your workforce.

This blog was originally posted on https://thebrooksgrouponline.com/2022/01/cut-costs-and-save-time-on-new-employee-onboarding-with-a-smart-investment/

3 Signs that Your Account Managers Need Training

According to data from Gartner, 80% of future profits come from just 20% of your existing customers. When your pharmaceutical or biotech account managers don’t understand how to work with customers effectively, you'll lose customers and, along with them, potential profits. As a healthcare market research firm, The Brooks Group has collected a lot of data on metrics and KPIs that track the performance of account managers in these organizations. 

To maintain business profitability, here are the telltale signs that your managers are due for account management training courses.

1. Low Customer Retention

Effective account management is all about customer retention. If your account managers do their jobs well, customers will continue doing business. Track the following key performance indicators (KPIs) to determine customer retention success:

• Customer Churn Rate – the percentage of customers who cancel or fail to renew their contracts. High churn rates could indicate your account managers are handling customer accounts poorly, causing them to do business elsewhere.

• Support Requests – a high number of support requests indicate your account managers aren’t providing customers with the answers they need. Track website, phone, and email support requests.

With 80% of your future profits at stake, ensure your account managers understand best customer retention practices.

2. Failing Revenue Streams

Account Managers are a key liaison with your existing customers. If they are competent and manage these relationships well, they will be able to uncover opportunities for upsells, cross-sells, and execute a high rate of contract extensions. So if your organization as a whole or a particular manager is failing to develop these opportunities as a steady source and a high percentage of total revenue, then it is time to train your account managers and improve their skills.

3. Poor Client Relationships

Negative customer relationships will cause clients to abandon your products/services. To ensure your managers are maintaining positive client relationships and demonstrating their value, track these key indicators:

• Strategic Communications – the number of strategic emails and calls between managers and customers. If your customers aren’t contacting their account managers for strategic advice, your managers aren’t proving their value.

• Referrals – when customers enjoy the product/service they get from a business, they’re more likely to refer their colleagues. A lack of referrals could indicate your account managers aren’t offering the quality service customers need.

• Outreach Engagement – how often do customers respond to calls and emails? If you have trouble reaching customers, it could mean they don’t have a positive relationship with your business.

Account managers are entirely responsible for building positive customer relationships. When customers avoid communicating, it’s likely they don’t trust you or see the value of your business.

Get Your Account Managers the Training They Need

Worsening KPIs are a strong indication that your account managers are in dire need of training. As customer retention, revenue, and client relationships decrease, reach out to a skilled healthcare consulting firm for advice and training to strengthen your team.

The Brooks Group offers an Excellence in Account Management training course that’s designed to teach account managers proper customer relationship and retention practices. If you’re interested in learning more about this, or our other training programs for healthcare executives and our employee onboarding solutions, contact us for additional information.

Registration for courses is available on The Brooks Group website (view schedule). Custom courses with your team or organization are also available upon request.

This blog was originally posted on https://thebrooksgrouponline.com/2020/12/3-signs-that-your-account-managers-need-training/