Find out with the new Fundamentals of Equipment Leasing and Finance online course!
THERE’S NOTHING QUITE LIKE HANDS-ON EXPERIENCE TO LEARN NEW SKILLS, and although we can’t give you the ultimate promotion to the corner office, we can give you the opportunity to run your own (fictional) equipment finance company. In spring 2018, ELFA will debut the redesigned and improved Fundamentals of Equipment Leasing and Finance online course where you, the learner, will run the show in the new “Be the Boss” game.
What’s in a Game?
Perhaps you’ve heard the term “gamification.” Gamification is “the application of gaming…to real-life tasks to influence behavior, improve motivation and enhance engagement.”1 If done correctly, it leads to higher learner engagement and turns bored, disconnected learners in to engaged participants. By allowing you to “be the boss,” you can take chances and make mistakes in a risk-free environment.
As the head honcho of Strategic Equipment Leasing and Finance, Inc. (SELF), you’ll guide two of your customers through the entire lifecycle of the transaction—from origination to termination. You’ll field requests and questions from existing clients—all the while consulting with your fictional colleagues in sales, credit, pricing, documentation, portfolio management, finance, collections and asset management. You’ll identify what we call the “4 Ps” for each step in the lifecycle:
- Purpose: What is the purpose of this step?
- People: Who are the people involved?
- Policies: What are the policies that apply in this step?
- Paperwork: And, finally, what paperwork (documentation) is needed in this step?
It’s all designed to demonstrate how each step in the lifecycle is crucial to meeting your customer’s needs and making your company a success.
You’ll be rewarded for guiding your customers to the best option for them, level up when you’ve earned enough points and learn what’s involved in the day-to-day operations of an equipment finance company in the process!
Micro-Lessons Cover a Lot!
And while the “Be the Boss” game is the star of the show in the new Fundamentals of Equipment Leasing and Finance course, it also features seven micro-lessons (8–10 minutes each) that cover the vital information that someone new to the industry needs to know. Keeping the content in short, “bite-sized” pieces “allows the brain to more easily digest new information.”2 Learners can take the micro-lessons in any order or can pick and choose which they’d like to take. After each micro-lesson, learners earn a badge that can be shared on social media.
Topics include:
- Introduction to Equipment Leasing and Finance
- Origination Phase of the Transaction Lifecycle
- Administration and Termination Phases of the Transaction Lifecycle
- Leasing Law
- Lease Accounting and Federal Tax Policy
- Types of Finance
- Creating Successful Solutions
Put Employees in Charge and Reap the Benefits
You want your employees to feel engaged. You want them to have the skills and information they need to hit the ground running as quickly as possible. According to the 2017 State of the Global Workplace Gallup Poll, 70% of the U.S. workforce is not engaged in the workplace—that leaves companies like yours at risk of losing valuable employees (and, in turn, revenue).
The new Fundamentals course is designed with your new hires in mind and can become a valuable onboarding and training tool in your overall engagement and retention strategy. Keep an eye out for its debut in Spring 2018! For questions, contact Alexa Carnibella, Director of Professional Development, at [email protected].
