The effectiveness of training on embedding risk culture

Abstract

Organisations rely heavily on their employees; their performance primarily determines their success. Through ongoing training, companies must invest in their employees' skills and knowledge to remain competitive and adapt to the ever-evolving business landscape. Practical training not only leads to a substantial risk culture by reducing unnecessary risks but also increases efficiency and awareness of potential risks among employees. This research delves into the crucial elements for successful risk training and cultivating a risk-aware culture. To achieve this, organisations must conduct a thorough training needs analysis, establish clear training objectives, provide suitable training facilities, and engage with employees to determine the optimal training program. The study includes participation from individuals across various industries, and the author employed a combination of qualitative and quantitative questionnaires to gather information. According to the research, employees are eager to participate in training programs if they can access the appropriate tools and a supportive environment. The study exam ined five key factors, including "Risk interpretation," "Training tools," "Risk structure," "Training methodology," and "Training enrolment." The findings suggest that demo graphic factors, such as education level, industry, employment status, and type of training, can significantly impact the effectiveness of training initiatives. However, the study did not find a statistically significant relationship between gender, age, or job position and the success of training programs in a professional setting. For training models to be truly effective, there must be open communication between organisations and their employees/trainees. This fosters a training program that is tailored to meet the individual preferences of employees while also aligning with the overarching objectives of the company. A well-crafted training program can profoundly impact an organisation's efficiency, empowering it to achieve strategic goals and meet training needs quickly.