Thanks for reading our September 2012 IVES Update Newsletter! Fall is here and that means most of us are back on a regular work schedule. We’re in full swing with our training and have brought on some new staff to help out. We’d like to introduce you to our newest office team members Lauren Wigelsworth, Accounts Payable and Lindsey Corrie, Open Enrollment Program Coordinator, as well as, Brian Hannah, our newest Staff Certified Master Trainer.
Welcome to the team!
Investment, Risk and Reward
How does what you’re investing compare to what you stand to gain… or lose?
Throughout our lives we encounter hundreds if not thousands of situations where we must make a choice between how much we are prepared to give up to get something we want. Sometimes the choice is as clear and simple as deciding if it is worth parting with few dollars for a lottery ticket while other times the choice may be more complicated, such as making a decision to part with thousands of dollars on a financial investment.
The common thread in both these situations is that the decision involves a certain amount of: investment, or spending of resources – risk, or exposure to the chance of loss – and reward, or something of value given or earned in return for a service, hardship, or in this case, financial investment.
In considering the investment, risk and reward factors of the two examples given here, it is obvious as to which one is the wisest choice – isn’t it? Which one represents the best choice for you? The lottery ticket requires very little investment and carries a high risk of loss, but the possible return on investment is astronomical in comparison. On the other hand, spending thousands on a financial venture requires more investment and although the potential return is not likely to be as lucrative as the lottery ticket could be, the chances of actually realizing some kind of reward is more likely.
Which of these two scenarios makes the most sense depends on who is making the decision. The process of quantifying risk and reward in terms of investment is a matter of human perception and tolerance and wherever humans are involved, a plethora of intangible factors come into play. While some may look at the purchase of a lottery ticket as an acceptable risk simply because the potential loss is low, others may look upon the almost certain loss of even a few dollars as unacceptable, regardless of the potential gain. Likewise, some people may look upon investing thousands into something where anything but a guaranteed and significant return as unacceptable.
Read more…
Ask Bob
Hi Bob,
As the IVES Certified Trainer at my company, do I keep the original documentation (theory test, practical evaluation forms and record sheet) or do I give them to Human Resources and keep copies for myself?
Thanks, Eric.
Hi Eric,
You should give the original documentation to the employer (Human Resources) and keep copies in your personal file. Remember that your personal file is for your eyes only. If anyone wants to see those records, they will have to get them from HR as they are the only ones who can grant or deny them permission.
Thanks, Bob.
Incident Report
September 18, 2012 (NEW CASTLE, Del.) — Police say a Delaware man who owed money for a repair bill used a forklift to break into an auto shop and carry his pickup truck away.
The shop was holding Donald Smith’s truck for payment of a $1,000 repair bill. In surveillance video, the forklift leaves with the pickup truck and drove down the highway with it.
At the time, the shop owner didn’t know how the truck disappeared. So he called the police and called Smith to tell him that his truck had been stolen. Then he got a call back from Smith who apparently hit his number by mistake.
“He said, ‘Hey you won’t believe what I did, I just stole my truck with a front loader. I got it back!’ I said, ‘Well, where are you at so I can meet up with you?'” said Voegele. “He goes, ‘Who’s this?’ I said, ‘Jim from Stop-N-Go.'”
Smith hung up and kept driving.
Police say when Smith got to the parking lot of an area bar, he set the truck down and then backed the forklift into some trees and brush.
Police found the truck, which was pretty banged up, but didn’t see the forklift. Police say Smith took off, driving the forklift down DuPont highway, crisscrossing the median and driving into oncoming traffic.
He eventually veered off into a development and drove the forklift between a couple of houses and into a pond, where it became bogged down in the mud. A very soggy Smith was handcuffed when he swam to shore.
Smith paid almost $6,000 to get out of jail. He allegedly caused about $3,000 worth of damage to the fences at Stop-N-Go, and an estimated $60,000 damage to the forklift that he allegedly borrowed from his employer’s construction site.
All for a $1,000 unpaid repair bill for his truck.
Source: ABC News
Generate a Password
Don’t have a login to the IVES website yet? It’s easy, go to the Member Login page then click Generate A Password.
Enter your last name and trainer number then click Send Password and you will automatically be emailed a temporary password.
Retrieve the temporary password from your email inbox. The first time you login using your temporary password, you will be asked to change it to a new password of your own choosing.
Once you’ve logged in, you immediately have access to:
- Our self service Order Entry system
- Your past Order History
- Downloadable Materials & Updates
- TrainTrak™ Reminder System
- Technical support through Ask Bob
New Program Offering
You asked and we listened! Due to popular demand, we’ve added an EXPRESS Skid Steer Loader Trainer Program to our list of class offerings. This 2-day program addresses the extremely versatile and popular skid steer loader, also commonly referred to as a bobcat. Available at select locations only, this program is scheduled next year in:
- Surrey, BC
- London, ON
- Sacramento, CA
- Forest Park, GA
Answer to Last Month’s What’s Wrong With This?
The operator is putting himself at risk by not using gloves while checking a hydraulic line. He should be wearing proper personal protective equipment (PPE).
Testimonials
Another round of satisfied customers. Here’s what our newest trainees are saying about IVES’ training programs:
“Great program, good pace through curriculum.” Kyle, Bronco Wine.
“Great class! Wonderful instructor! I really enjoyed the practical hands on (trainer/trainee) – helped to cement classroom work!” Annie, Sierra Nevada Brewing Co.
“The level of coverage of material was excellent. Detailed explanation was offered whenever requested.”Steve.
“Material was delivered in a professional way and well executed.” Miroslaw, Honeywell.
“IVES has the most detailed training material in the industry.” Kris, Logistic Inhouse Forklift Training.
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