Prospen Africa

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Behavioural Economics Training

5 Day Training

Dates: 24 – 28 March 2025
Locations: Grayston Ridge Office Park, Sandton
Platform: Available In-Class / Online / In-House

Price: Available on Request

Course Introduction

In today’s fast-evolving employment landscape, organizations must continuously adapt to maintain efficiency and effectiveness. This training course emphasizes the importance of behavioural economics as a strategic approach to optimize decision-making and talent management. Participants will learn cutting-edge techniques to enhance organizational processes, supported by real-world case studies. No prior financial or mathematical expertise is required.

 

Key Focus Areas:

  • Adapting to significant organizational changes

  • Maximizing efficiency through value-added calculations

  • Developing psychological frameworks for remote workers

  • Cultivating future leadership skills and organizational re-profiling

  • Enhancing talent management and ensuring job satisfaction

  • Prioritizing emotional well-being in the workplace

Course Objectives

By the end of Behavioural Economics Training course, participants will:

  • Calculate and demonstrate the value of remote working

  • Analyse and present a case for organizational rightsizing

  • Practice behavioural profiling using O.C.E.A.N.

  • Understand and explain key leadership skills

  • Design strategies for a rapidly changing environment

  • Integrate the link between ability, personality, and performance

  • Show financial benefits of employing and retaining talented employees

Who should attend?

  • Researchers

  • R. Personnel

  • Policy Makers

  • Organisational Development Specialists

  • Mid to Senior-level Managers

  • Workforce Planners

  • Talent Specialists

  • Managers embracing new leadership skills

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Training Methodology

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.
– Course Material: Access well-crafted supporting resources.
– Group Work: Collaborate on discussions and case studies for practical insights.
– Workshops & Role-Play: Participate in immersive, scenario-based activities.
– Practical Application: Focus on applying theoretical knowledge in real situations.
– Post-Training Support: Receive extensive support after training for skill implementation.

Training Outline

Day 1: The Significant Challenges for Organisations

  • Introductions and program objectives

  • The role and limits of AI

  • Game changers in employment

  • Handling relentless change

  • Calculations for maximizing efficiency

  • Costs of poor performance

Day 2: The Vital Role of Behavioural Economics – Its Link with Ability and Success

  • Personality measurement using OCEAN profilers

  • Profiling for remote working efficiency

  • Financial and economic benefits of remote working

  • Global employment trends

Day 3: Maximising the Organisation’s Resources

  • Enhancing decision-making with Behavioural Economics

  • Understanding and implementing rightsizing

  • Valuing talented employees

  • Techniques for paying and retaining talent

  • Motivating key employees in the current environment

Day 4: Behavioural Economics – The Critical Role of New Leadership

  • The end of traditional management

  • Changing leadership qualities with behavioural economics

  • Six critical leadership skills for organizational change

  • The “Conductor” approach to senior management

  • Skill rating and development

Day 5: Producing Results to Measure the Value of Change

  • Evaluating the value of remote workers

  • Productivity improvement in talent-focused organizations

  • Effectiveness improvements through organizational design

  • Cumulative value of a Behavioural Economics approach

  • Future actions and planning

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