Management Strategies
How can your electric co-op or utility develop a well-trained and informed Board of Directors?
Major decisions in an electric cooperative or utility should be implemented by the approval of the Board of Directors (or City Council). The power and utilities industry is complex and may be unfamiliar to newer board members. This raises an important question: How can the board be effective and understand the business well enough to make informed and strategic decisions?
Unveiling the insights: Using industry specific online training will equip your team
Staying up to date on not only accounting standards, but on industry best practices helps to build a strong accounting team. A strong team is a foundation for an organization to make long-term goals and a road-map to get to those goals. Online training can be a tool used to train your team in the latest accounting standards and industry best practices. While you may have a Learning Management System (LMS) to train the bulk of your company, having industry specific classes can provide great value to your team and organization.
Outsourced training can jumpstart your team’s knowledge
Staying up to date on not only accounting standards, but on industry best practices helps to build a strong accounting team. A strong team is a foundation for an organization to make long-term goals and a road-map to get to those goals. If your organization does not have in-house trainers, seeking outsourced training can keep your accounting team current, add to their career skills, and add value to your co-op or utility.