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The
Training Miles incentive scheme is a continuous cycle of
personal (I-MAX) and
team development ( T-MAX).
Training Miles is centred on the concept that development
pays for itself through performance improvement.
A percentage
of costs saved or extra profit generated is used to develop
the individual or team responsible. This motivates staff
to overperform, and pays for the gaining of more career
development and skills training, thus adding to the business
profitability.
This
highly motivational package works because its components
are interdependent and continually moving forward. The setting
of pre-determined targets, based upon key performance indicators,
serves as the first incentive of the scheme to trigger enhanced
performance.
As
these targets are reached, the bar is raised, performance
is further improved, and Training Miles are awarded. This
is followed by T-MAX or I-MAX learning events. The area
of learning is chosen by the organisation and the event
chosen by the individuals. This further boosts morale and
motivation, which, in turn, leads to even better performance.
So the cycle continues.
Below
the diagram explains how Training Miles pays for itself.
The
Training Miles scheme is the ultimate win-win
value proposition, as staff are developed, their skill set
is consolidated, their motivation levels improve and, as
a consequence, they have added value and become greater
assets to the company.
What
makes Training Miles different?
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