Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry
In 2005, leasing companies in Ukraine were continually telling us that their main impediment to growth was the lack of professional staff. The leasing market in the country was growing at a tremendous rate: the overall leasing portfolio had more th...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/11/9854018/turning-pro-raising-level-professionalism-ukraines-leasing-industry http://hdl.handle.net/10986/10635 |
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okr-10986-106352021-04-23T14:02:51Z Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry Mehrengs, Ernst Ockman, Sarah CERTIFICATION EXAMINATION COMPANY CONTINUING EDUCATION EDUCATION SYSTEM ETHICS EXAM EXAMINATION PROCESS EXAMS GRADE EXAMS LEASING PASS RATE PRIVATE COMPANIES PRIVATE ENTERPRISE PROFESSIONAL DEVELOPMENT SHOP TEXTBOOK TRAINEES TRAININGS In 2005, leasing companies in Ukraine were continually telling us that their main impediment to growth was the lack of professional staff. The leasing market in the country was growing at a tremendous rate: the overall leasing portfolio had more than doubled from year to year, reaching almost $350 million by the end of 2005, and the number of jobs in the leasing market was experiencing similar growth. It was therefore increasingly difficult to find qualified professionals who had experience in leasing. Raising the level of professionalism and status of leasing specialists seemed to be the answer to this problem, and local certification was one way to do it. While the program seemed a daunting and overwhelming task at first, it proved more manageable once initial management skepticism was overcome, the structure of the program was designed, and the partners were involved. The certification program is now in its second year, has trained over 150 people, and has gained a good reputation. It is also a good source for leasing companies to recruit and retain professional staff. 'In the short term, this certification program helps to improve the skills of our own employees, but more importantly, it is useful for building a critical mass of professionals in the leasing industry, and it will create a foundation for sustainable growth in the leasing business in Ukraine'. 2012-08-13T12:30:30Z 2012-08-13T12:30:30Z 2007-11 http://documents.worldbank.org/curated/en/2007/11/9854018/turning-pro-raising-level-professionalism-ukraines-leasing-industry http://hdl.handle.net/10986/10635 English IFC Smart Lessons Brief CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research Europe and Central Asia Ukraine |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
CERTIFICATION EXAMINATION COMPANY CONTINUING EDUCATION EDUCATION SYSTEM ETHICS EXAM EXAMINATION PROCESS EXAMS GRADE EXAMS LEASING PASS RATE PRIVATE COMPANIES PRIVATE ENTERPRISE PROFESSIONAL DEVELOPMENT SHOP TEXTBOOK TRAINEES TRAININGS |
| spellingShingle |
CERTIFICATION EXAMINATION COMPANY CONTINUING EDUCATION EDUCATION SYSTEM ETHICS EXAM EXAMINATION PROCESS EXAMS GRADE EXAMS LEASING PASS RATE PRIVATE COMPANIES PRIVATE ENTERPRISE PROFESSIONAL DEVELOPMENT SHOP TEXTBOOK TRAINEES TRAININGS Mehrengs, Ernst Ockman, Sarah Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| geographic_facet |
Europe and Central Asia Ukraine |
| relation |
IFC Smart Lessons Brief |
| description |
In 2005, leasing companies in Ukraine
were continually telling us that their main impediment to
growth was the lack of professional staff. The leasing
market in the country was growing at a tremendous rate: the
overall leasing portfolio had more than doubled from year to
year, reaching almost $350 million by the end of 2005, and
the number of jobs in the leasing market was experiencing
similar growth. It was therefore increasingly difficult to
find qualified professionals who had experience in leasing.
Raising the level of professionalism and status of leasing
specialists seemed to be the answer to this problem, and
local certification was one way to do it. While the program
seemed a daunting and overwhelming task at first, it proved
more manageable once initial management skepticism was
overcome, the structure of the program was designed, and the
partners were involved. The certification program is now in
its second year, has trained over 150 people, and has gained
a good reputation. It is also a good source for leasing
companies to recruit and retain professional staff. 'In
the short term, this certification program helps to improve
the skills of our own employees, but more importantly, it is
useful for building a critical mass of professionals in the
leasing industry, and it will create a foundation for
sustainable growth in the leasing business in Ukraine'. |
| format |
Publications & Research :: Brief |
| author |
Mehrengs, Ernst Ockman, Sarah |
| author_facet |
Mehrengs, Ernst Ockman, Sarah |
| author_sort |
Mehrengs, Ernst |
| title |
Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| title_short |
Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| title_full |
Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| title_fullStr |
Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| title_full_unstemmed |
Turning Pro : Raising the Level of Professionalism in Ukraine's Leasing Industry |
| title_sort |
turning pro : raising the level of professionalism in ukraine's leasing industry |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2007/11/9854018/turning-pro-raising-level-professionalism-ukraines-leasing-industry http://hdl.handle.net/10986/10635 |
| _version_ |
1764413820109848576 |