Inflation has wreaked havoc on dealers’ reinsurance positions over the last couple of years, and many providers’ fee structures are compounding this problem. At ADS, we believe everything beyond the flat admin fee is the dealer’s money, and these additional variable fees shouldn’t siphon off the company’s profitability.
| TRAINING | DEVELOPMENT |
| Focuses on improving an individual’s specific skills and knowledge required for their current job. | Aims at the overall growth of an individual to prepare them for future responsibilities and long-term career goals. |
| Is typically short-term and task-oriented, addressing immediate job-related needs. | Is a continuous, long-term process that focuses on personal and professional growth. |
| Emphasizes enhancing technical skills, improving efficiency, and ensuring employees can perform their current duties effectively. | Focuses on improving broader competencies such as leadership, decision-making, and problem-solving, often preparing individuals for higher-level roles. |
| Ensures that employees meet the required standards and expectations of their current roles. | Helps employees reach their potential, enhancing their overall career trajectory. |
| Is often structured with specific objectives and outcomes. | Is more flexible, involving mentoring, coaching, and continuous learning. |
| Learning how to use new software. | Leadership workshops to prepare for a management role. |
In summary, training equips employees for their current tasks, while development prepares them for future challenges and career progression.
Going… going… GONE!
These words will be shouted out by radio and television announcers throughout the baseball season over the next six months. As baseball works its way back into our daily lives, so will the peak-selling months of the year.