Corporate finance training is often reserved for individuals with a strong say in the money-making decisions throughout the company. There are, however, a number of reasons why corporate finance training should be taken out of the financial department and shared with every member of the company. By expanding your corporate finance training, you create a number of key benefits for both your employees and your company.
Why Should All Employees Have Corporate Finance Training?
When all of your employees have corporate finance training, they’re all on the same page and ready to work together to keep the company’s financial status exactly where it needs to be. Not only that, it offers a key understanding of a number of concepts that help bring decision-makers throughout the company together.
Understand value creation as a company. Many investments seem expensive up front, but in the long run, can create incredible growth opportunities for the company as a whole. By providing this training to everyone in the company, you can help decision-makers see the benefits of many expenditures that might otherwise have been denied.
Understand how to read the company’s stock performance. Corporate finances don’t just rely on the principle that if stocks are rising in price, the company is performing well. Fully understanding how to read the company’s stock performance will allow key individuals to see problems before they develop and act to prevent them. This can also help individuals throughout the company make better investment decisions.
Understand how mergers and acquisitions work from a financial standpoint. This is particularly important if your company is on track to merge with another or acquisition of smaller businesses is a future goal of your company. Worried employees who don’t know what that merger could mean for the company will be focused on their concerns rather than their job performance. A better understanding of corporate finance, on the other hand, will allow many employees peace of mind throughout the transition process.
A deeper understanding of corporate finance is critical for getting every member of your business to work more smoothly together. By providing the same training for everyone, you can improve the odds that they will all understand the reasons behind financial decisions, budgeting needs, and other key attributes of the company’s financial management.
What Topics Should Be Covered in Financial Training Programs?
Corporate financial training covers a number of key topics, including:
- Financial principles that are relevant to the company and how they are put into play through daily decisions.
- The firm’s unifying objective and how it shapes financial goals and decisions.
- Information about how the firm is funded and how that funding changes the way financial decisions are made.
- The principle of value creation and how short-term investments can yield long-term results.
- Any relevant information about mergers and acquisitions and how they have the potential to shape the way your business operates from a financial standpoint.
After a corporate finance training course, the individuals who have participated in the course should have a deeper understanding of the company’s financial situation, where its financing comes from, and the company’s financial goals. This allows every employee to understand the critical why behind many corporate decisions. In many cases, this helps shift resentment to acceptance, even when meeting the company’s financial goals means that an individual or group’s pet project was denied or that there need to be spending cuts.
What’s the Best Way to Deliver Corporate Financial Training?
Corporate financial training sounds like a dull, boring way to spend several hours of company time—especially to employees whose jobs don’t typically deal with finance. If you want to increase employee engagement, incorporating a variety of delivery methods will help ensure that employees give the material the attention it deserves.
Videos offer a highly visual means of delivery that can cover plenty of information relatively quickly. Videos can also be shown in numerous locations simultaneously or can be played back for future reference, which means that every employee gets the same training every time.
Live streaming allows you to cover all the key details of the company’s financial strategies and plans once for everyone in the company. You can deliver the message live, accepting questions and giving the answers employees need, but still only have to deliver it once no matter how many locations your company has that need to undergo the training.
Webinars allow employees to access the relevant information at their own pace. This is a great way to provide large quantities of information, including downloads that employees might want to refer back to later.
Learning in person is often a better way to capture employee attention and encourage interaction. This method, however, means that there must be a trainer in place at each location or that a trainer must travel to those locations.
Group sessions allow employees to engage in smaller groups that allow them to discuss relevant points and engage with one another. Small groups are often better for increasing engagement and interaction.
eLearning modules provide clear information that will allow employees to go through the material at their own pace.
With Knowledge Anywhere, you can rest assured that you have everything you need to deliver financial training programs to every member of your business or organization. Contact us today to learn more about how we can help you create a corporate training module for your business that will allow your employees to develop a deeper understanding of the company’s finances.