At Wescot, learning and development is a key aspect for the business moving forward. The landscape of the credit industry is changing, it would be short-sighted of Wescot for the company to not devote a lot of time and effort into developing the staff and preparing them for the new strategies necessary to overcome these obstacles. This is in addition to the customer service driven training that all Wescot employees receive upon arriving at the company and continue to develop throughout their time at the debt recovery agency.
Customer satisfaction is one of the main business objectives at Wescot. This goes for their clients, i.e. the companies that are still owed money, as well as the individuals that Wescot are tracking down for remuneration. To this end, there is a dedicated learning and development team at Wescot to ensure that every staff member is on the same page, no matter who a customer talks to at Wescot they will experience a great customer service and knowledgeable reception.
The industry of credit management is facing a turbulent future with the result of the Financial Conduct Authority (FCA) taking over as a regulating body. Companies that operate in this sector, like Wescot have had to adopt new strategies and business models in order to comply with the more stringent rules imposed on them by the FCA. The learning and development department have been busy too, making sure that their training programmes in the future will focus on the new legislation regarding debt recovery. It is only through working together as a team at Wescot that the company will continue to maintain their lead as the UK’s largest debt recovery company.
Constant training and learning is also important to motivating a workforce. The more time that Wescot dedicates to improving the skills of their employees then they will feel more engaged with the company. This translates to a better, more efficient workforce and will contribute to the success of Wescot as a whole.
Mike Rustill is Wescot’s learning and development team leader and he brings a wealth of experience in managing in house training to the company, an asset to a company with so many staff members to keep developing.