Train Employees Now for the New Economic Reality

Regardless of what items you're renting and what types of customers you traditionally draw to your company, there are certain constants when it comes to growing your rental business successfully (and profitably)

Even with the best science available, no one really knows for sure what will happen economically in the coming year or two. It's even harder to predict things on a local scale. The fact is, there are many factors influencing the buying and renting patterns in your community. Still, regardless of what items you're renting and what types of customers you traditionally draw to your company, there are certain constants when it comes to growing your rental business successfully (and profitably).

Here are just a few important points to consider concerning training:

  • Involve everyone in your training effort. It's natural to think training should be only for the lowest performers. Everyone, including your star performers, should receive advanced training.
  • Develop and use a comprehensive training program. Most rental businesses do not have one. 
  • Make training a real priority. Set up a schedule of training dates and times that make sense.
  • Use repetition in your training effort. Proper training is not a “one and done” event.
  • Use incentives. Let the people being trained know what's in it for them. Incentives need not be complicated. Also remember that training itself can be very motivational when performed correctly.
  • Stress the basics. Don’t assume those who have plenty of rental experience are well trained. They might not have the skills of well-honed professionals that will be needed to overcome all the economic uncertainty.
  • Be careful who you assign as the teacher. Don’t rely on your instinct to have the newly hired employee assigned to just anyone. Do you know for certain that what is being taught is of the quality you need going forward?
  • Be sure your managers receive management training. Far too many managers do not have the leadership skills needed to take your company to the next level. Most have no formal education in the subject at all. So it isn’t surprising that many in supervisory positions are not good leaders. But, I have found that most can become proficient with proper training. 
  • Be certain that those receiving any type of training are trainable. You could be attempting to make a round peg fit into a square hole. Size up each person’s potential as objectively as you can. Regrettably, sometimes the best option is to cut your losses. But often it's possible to reassign the worker to a position in which they can excel. 
  • Stress the customer interaction part of the person’s responsibilities. Don’t teach just the equipment knowledge portion of the business. Communication skills are worth the time invested in training.
  • Teach employees with any customer contact at all to use basic selling techniques and to hone these skills.
  • Teach them how to be safe on the job and specifically what they must do to help keep others safe. There is no such thing as common sense. Everything they need to know must be learned.
  • Be creative concerning the timing of training and other meetings. Some training experiences are most effective when held before or after store hours.
  • Develop and use well-crafted job descriptions as training aids. The reasons given for not using job descriptions in a company have easy remedies.
  • Test to make sure the training “sticks." Retrain where and when needed.

Regardless of what the fickle winds of the economy blow into your individual market area, be prepared. Fortify your company with employees well educated to not only help you withstand the ill winds but also to help you to capitalize on the positive winds.

There are certain local economic factors that affect your company’s health that you might not be able to do anything about. So, concentrate on making your employees the very best they can be. Don’t put up with mediocrity. Make superior skill training a priority and make it what differentiates your company from your competitors.

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