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ABOUT RICE

Incorporated in 2014, RICE Consultancy Pte Ltd is a boutique Business Growth Consultancy specialising in end-to-end growth solutions that help business owners build their businesses for greater success, with achievable results.
Since 2018, RICE has double-downed on its origins and reconnected with its core belief: the growth mindset. The RICE of today is a business consultancy driven by the pursuit of growth in all its forms.
Since 2018, RICE has double-downed on its origins and reconnected with its core belief: the growth mindset. The RICE of today is a business consultancy driven by the pursuit of growth in all its forms.
At RICE, we believe wholeheartedly in continuous progress, across all aspects of life. Whether we are brainstorming for ideas, communicating with clients, or simply having a chat in our office, we live and breathe this philosophy. Opportunities to learn and areas to improve stand out to us as room for growth. We are instantly attracted by such potential, because it gives us sustenance to make ourselves and others flourish.
We strive to bring this passion for growth to the business world, where the landscape is constantly in flux and every little step forward matters even more. Our aim is to help individuals and organisations bloom into their full potential, harvest great returns, make more space to grow and keep the cycle going. That’s why we make continuous development and dynamism the key pillars of our work. That’s why we take great leaps with people who share our growth passion.
Within our team, growth endeavours mean a journey towards being better contributors in a synchronised, holistic unit. Taking an outward approach, they represent significant breakthroughs for our clients, meaningful change-making with our partners, and wider horizons for the next generation. We make every result count. Change old world mindsets. Build inspirational cultures. Cultivate the new business paradigm. We are RICE — harvesting real growth. After working on more than 100 projects for a wonderfully diverse clientele — from Capelle Academy, Singapore Red Cross and Enercov to Rainforest Education Centre, KTC Construction and SKINFOOD, we can’t help but look forward to becoming a trusted Business Growth Partner for the next purpose-driven company we meet.

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31May2018

Virtual Reality: A Gamechanging Tool For Training Employees

When I toss out the term “virtual reality”, what do you think of?

For most people, the answer will be video games.

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No doubt, VR has become synonymous with those games that you play on your PlayStation and Oculus Rift… but that’s not all that it’s good for. VR is actually an amazing tool which you can use to train your employees, and it’s superior to (most!) training programmes we have today for the following reasons:

#1: VR mimics real-life situations

Let’s face it: learning about the theory of something will never be as useful as being able to experience it first-hand. That’s where VR comes in!

Because VR can be used to create environments that mirror real-life situations, this makes your training programme that much more immersive. For technicians who need to deal with machinery or equipment in their day-to-day jobs, VR can even simulate the way these equipment work and respond.

#2: VR is exciting

The vast majority of training programmes that companies employ today are yawn-inducing; in comparison to these, VR training is a breath of fresh air.

Here’s an example from wearable technology company Human Condition Safety (HCS), which uses VR to train their clients’ construction workers on improving site safety. Chris Bunk, Chief Operating Officer at HCS states that traditional training programmes simply can’t hold a candle to VR ones: “You go from people fumbling with their phones, half falling asleep from archaic PowerPoints to something where people are getting up, engaged and enriched in the material.”

#3: VR is cost-effective

Given that VR’s more high-tech, shouldn’t it be expensive?As it turns out, this isn’t the case. According to research firm Brandon Hall Group, VR programmes are typically less expensive than a standard e-learning course.

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How is this possible?

First, seeing as more providers are entering the VR market, the cost of VR equipment has started to stabilize.

On top of that, companies simply have to invest in a one-time fee to develop a VR programme; following this, they can have their employees repeat the modules within a programme as many times as necessary. In contrast to this, companies who use old-school training methods have to splash out on materials and resources every time they conduct additional training sessions.  

VR training: real-life case studies

#1: Walmart

Over at Walmart, staff are trained on how to deal with sticky situations (for example, a Black Friday stampede!) using 360-degree video-based technology.

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The results are pretty amazing: 70% of employees who underwent the new programme did better on their evaluation exams, and these employees also reported an overall training satisfaction score that was 30% higher.

Following the success of these training programmes, Walmart acquired a VR startup – Spatialand – earlier this year. The company is pretty hush-hush about what projects they’re working on… but you can bet that VR will be a huge part of their strategy moving ahead!

#2: Case Western University

Imagine seeing the human body come to life, in front of your very own eyes. Case Western University recently collaborated with Microsoft to develop a training programme that helped medical students better understand the anatomy of the human body. Pretty cool, huh?

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That’s not all – the training programme also incorporates the use of VR technology to teach students how to break bad news to patients and their families. More specifically, this technology allows them to practice interpreting verbal and nonverbal cues from VR characters, and work on responding appropriately.

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