The first advantage is the sheer number of companies that want six sigma trained employees. Every year more companies join the belt and hire new six sigma trained employees. These companies are willing to pay higher salaries because they can be sure of getting high quality six sigma trained employees. In addition, the companies are increasingly aware of the need for six sigma trained staff in their own industries. Therefore, the wages they offer for six sigma certification is also much higher than what you would get at home or in other countries.
Two of the largest banks in China have already started using six sigma techniques in their business. In March of 2021, one of the largest banks in the country, the Ping An Financial Group, made a deal with the United Kingdom’s richest man, Gordon Brown. The bank, in partnership with him, will use six sigma techniques in its business. It is expected that this strategy will help reduce inventory bottlenecks, improve customer service, and increase profitability. In addition, by offering six sigma certifications to all of its employees, the bank will be able to cut costs in terms of wages and benefits.
The European bank, Banco di Portugal, has already started using six sigma strategies for its banking sector. In Portugal, there are already two six sigma green belt banks. The green belts guarantee that their employees complete all six sigma courses. They are also required to undergo a complete training in financial management. Although these banks offer banking services, most of them are located in low income and rural areas.
Most companies are still not using six sigma techniques, but it won’t be long before they do. It is possible that by offering six sigma certifications to all employees of a company, it will attract new employees, whose income will be lower. It is also very possible that the cost of maintaining the six sigma certified employees will drop. In either case, the company will become more efficient and profitable.
The employees of large companies are usually employed in a completely different department. Because of this, they are rarely trained in any type of management style or computer program. Most six sigma courses offer intensive training on the applications of the Six Sigma Methodology. If you want to work in one of these departments, you will need six sigma certifications.
Large banks have an advantage over small banks in that they already have the entire staff trained in the six sigma methods. Even if small banks don’t have the entire staff trained, they should train all employees in basic requirements. Employees should know what they need to produce a certain number of units to meet customer requirements, and the manufacturing process as well. If they are familiar with all of these things, six sigma certification will come in handy. Employees also need to know what to do in order to get a higher rating. If they have completed six sigma courses, they will have a better understanding of what needs to be done to get a higher score.
Hong Kong banks are very lucky to have access to the six sigma courses available in the United States. In fact, many US companies now offer six sigma certifications to their employees. The advantages of such training are not just in increasing productivity but also improving employee relations and retention. It is much easier for an employee to stay employed if they know that they are making a difference. When employees know that they are improving the company, they are likely to stay longer and increase their own skills.