Understand the training process from needs assessment through evaluation.
Demonstrate mastery by designing, conducting and evaluating a training project for an organization.
Functions of Training & Development - Manu Melwin Joymanumelwin
New employee orientation is an important part of the hiring process.
It prepares the employees for new roles, and acclimates them to the company.
According to SHRM, employees who go through an orientation process feel more connected to their job.
The focus and length of orientation sessions are often determined by the employees' positions in the company.
While hourly employees may be in orientation for one day, manager-level employee orientation can last up to two weeks.
Encyclopedia of training and development - Manu Melwin Joymanumelwin
Training and development is a crucial component of the human resource development. With the arrival of advanced technology, it is assuming even more important role to compete with ever increasing competition, rise in customer’s expectation of quality and service and a subsequent need to lower costs.
Training - Human Resource Management HRMDeva Pramod
Training and Developing Employees: Need for Training, Systematic Approach to Training, Types of Training, Training Methods, Evaluation of Training
Training is a planned programme designed to improve performance and bring about measurable changes in knowledge, skills, attitude and social behaviour of employees.
Essential for job success
It can lead to higher production, fewer mistakes, greater job satisfaction and lower turnover
Training Vs. Development, Training Vs. Education, Learning Principles: The Philosophy of Training, Applicability of Training, Job Instruction Training (JIT)
Coaching
Mentoring
Job Rotation
Apprenticeship Training
Committee Assignments
Rao V.S.P “Human Resource Management”, 2nd edition, Pearson –Prentice Hall, New Delhi, 2005
Functions of Training & Development - Manu Melwin Joymanumelwin
New employee orientation is an important part of the hiring process.
It prepares the employees for new roles, and acclimates them to the company.
According to SHRM, employees who go through an orientation process feel more connected to their job.
The focus and length of orientation sessions are often determined by the employees' positions in the company.
While hourly employees may be in orientation for one day, manager-level employee orientation can last up to two weeks.
Encyclopedia of training and development - Manu Melwin Joymanumelwin
Training and development is a crucial component of the human resource development. With the arrival of advanced technology, it is assuming even more important role to compete with ever increasing competition, rise in customer’s expectation of quality and service and a subsequent need to lower costs.
Training - Human Resource Management HRMDeva Pramod
Training and Developing Employees: Need for Training, Systematic Approach to Training, Types of Training, Training Methods, Evaluation of Training
Training is a planned programme designed to improve performance and bring about measurable changes in knowledge, skills, attitude and social behaviour of employees.
Essential for job success
It can lead to higher production, fewer mistakes, greater job satisfaction and lower turnover
Training Vs. Development, Training Vs. Education, Learning Principles: The Philosophy of Training, Applicability of Training, Job Instruction Training (JIT)
Coaching
Mentoring
Job Rotation
Apprenticeship Training
Committee Assignments
Rao V.S.P “Human Resource Management”, 2nd edition, Pearson –Prentice Hall, New Delhi, 2005
Advantages of the training and development for the employeesIJLT EMAS
In this era where competition is increasing day by day
in the corporate world training and development has become one
of the important key to achieve success. Training is an important
subsystem of Human Resource Development. It is a specialized
function and is one of the fundamental operative functions for
known resource management. Development is a long-term
educational process utilizing a systematic and organized
procedure by which managerial personnel get conceptual and
theoretical knowledge. Basically, it is an attempt to improve the
current or future employee performance of the employee by
increasing his or her ability to perform through learning, usually
by changing the employee’s attitude or increasing his or her
skills and knowledge. These types of training and development
programs help in improving the employee behavior and attitude
towards the job and also uplift their morale. Thus, employee
training and development programs are important aspects which
are needed to be studied and focused on. This paper focusses on
the advantages of the training and development for the
employee’s.
Meaning of training and development - Manu Melwin Joymanumelwin
Training constitutes a basic concept in human resource development and is concerned with developing a particular skill to a desired standard by instruction and practice. It is regarded as a function concerned with organizational activity aimed at bettering the job performance of individuals and groups in organizational settings.
This presentation is an Introduction to Training and Development in Effective HR. The concepts of Human Resource Management are explained in this chapter. This involves the role, position and structure of the HRM department. The presentation has been prepared by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideShareEffectHR
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
explaining the development of the organization human resources, how to organize the training, and develop the HR managerial skills as well as their capabilities (ugik sugiharto, GBS)
The Effect of Training and Development on Employee Attitude NetZealous LLC
This kind of professional trainings is very important because it helps the professionals stay ahead of the curve in their respective professions. A well informed employee is an organization’s asset, because she will implement the latest in her area of work, ensuring that the best practices, latest updates and the most recent changes are in place at work.
I was reminded recently of a quote by John F Kennedy:
"Leadership and learning are indispensable to each other"
As a leader and a trainer, you can see why I would appreciate this one!
I fully believe that as a leader my job is not just to develop my team, but also to recognise the potential in them, leverage their existing talents, to encourage them to see themselves for who they are and give them the confidence they need to become the people that they can be.
I also think that no matter how much we learn there is still infinitely more that we could learn, but also because when I train someone I want to inspire them to push the boundary of the subject, to learn more than I could ever teach them.
Then I was reminded of another quote, this time by Socrates:
Education is the kindling of a flame, not the filling of a vessel
Since my post a few weeks back on Leadership Quotes, I have received a few requests for quotes on training, development and learning so here goes...
Hope you find them as inspiring as I do! As usual, the presentation is available for download on my blog: http://wp.me/p37qal-nK
Advantages of the training and development for the employeesIJLT EMAS
In this era where competition is increasing day by day
in the corporate world training and development has become one
of the important key to achieve success. Training is an important
subsystem of Human Resource Development. It is a specialized
function and is one of the fundamental operative functions for
known resource management. Development is a long-term
educational process utilizing a systematic and organized
procedure by which managerial personnel get conceptual and
theoretical knowledge. Basically, it is an attempt to improve the
current or future employee performance of the employee by
increasing his or her ability to perform through learning, usually
by changing the employee’s attitude or increasing his or her
skills and knowledge. These types of training and development
programs help in improving the employee behavior and attitude
towards the job and also uplift their morale. Thus, employee
training and development programs are important aspects which
are needed to be studied and focused on. This paper focusses on
the advantages of the training and development for the
employee’s.
Meaning of training and development - Manu Melwin Joymanumelwin
Training constitutes a basic concept in human resource development and is concerned with developing a particular skill to a desired standard by instruction and practice. It is regarded as a function concerned with organizational activity aimed at bettering the job performance of individuals and groups in organizational settings.
This presentation is an Introduction to Training and Development in Effective HR. The concepts of Human Resource Management are explained in this chapter. This involves the role, position and structure of the HRM department. The presentation has been prepared by Welingkar’s Distance Learning Division.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/SlideShareEffectHR
Join us on Facebook: http://www.facebook.com/welearnindia
Follow us on Twitter: https://twitter.com/WeLearnIndia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
explaining the development of the organization human resources, how to organize the training, and develop the HR managerial skills as well as their capabilities (ugik sugiharto, GBS)
The Effect of Training and Development on Employee Attitude NetZealous LLC
This kind of professional trainings is very important because it helps the professionals stay ahead of the curve in their respective professions. A well informed employee is an organization’s asset, because she will implement the latest in her area of work, ensuring that the best practices, latest updates and the most recent changes are in place at work.
I was reminded recently of a quote by John F Kennedy:
"Leadership and learning are indispensable to each other"
As a leader and a trainer, you can see why I would appreciate this one!
I fully believe that as a leader my job is not just to develop my team, but also to recognise the potential in them, leverage their existing talents, to encourage them to see themselves for who they are and give them the confidence they need to become the people that they can be.
I also think that no matter how much we learn there is still infinitely more that we could learn, but also because when I train someone I want to inspire them to push the boundary of the subject, to learn more than I could ever teach them.
Then I was reminded of another quote, this time by Socrates:
Education is the kindling of a flame, not the filling of a vessel
Since my post a few weeks back on Leadership Quotes, I have received a few requests for quotes on training, development and learning so here goes...
Hope you find them as inspiring as I do! As usual, the presentation is available for download on my blog: http://wp.me/p37qal-nK
This presentation will help you find information regarding selection which is a quintessential factor determining the success of a company. There are some practical examples added. hope the viewers find it useful ! please do like and follow. Thanks
This ppt will help you understand the selection meaning, features and process in an easy way and with real corporate examples. Do Like, share and follow. Thank you
What is the main responsibilities and objectives of Learning, Training and Development in your organization? Have you ever done evaluation on the investment on it? Let's hear from the other corporates and see how they manage their learning, training and development activities!
Industraial safety Trianing for small and medium scale industries Rohan Homkar
We conduct safety training programs for all industrial SEGMENTS
1) SAFETY ORIENTATION COURSE
2) ELECTRICAL SAFETY
3) ELECTRICAL FIRE & FIRE PROTECTION
4) USE AND IMPORTANCE OF PRESONAL PROTECTIVE EQUIPMENTS
5) CHEMICAL SAFETY
6) HAZARD IDENTIFICATION AND RISK ASSESSMENT COURSE
7) PERMIT TO WORK SYSTEM AND JOB SAFETY ANALYSIS TRAINING
8) OFFICE SAFETY AND EMERGENCY PREPAREDNESS
9) ROAD SAFETY EQUIPMENTS AND SAFE DRIVING AT INDUSTRIAL PREMISES
10) SAFE ATTITUDE BUILDING COURSE
Safety training program details
Total course duration = 6 hours
Interactive training session = 3 * 1 hours
Audio + Video presentation = 1 hour 30 min.
Course assessment =30 min.
case study and Q & A session =1hour
GI Net 13 - LTD The Chief Learning Officer | TjitraHora Tjitra
Materials presented during the 13th GI Net: "Corporate Learning and Development" on October 30, 2013, by Prof. Dr. Hora Tjitra, Executive Director and Chief Consultant of Tjitra & associates (www.tjitra.com)
Training if effectively managed achieves aims and objectives of an organization, it’s important to understand on how effective human resource training generates a positive impact in your effective production. In these set of slides bought to you by Welingkar’s distance learning division, we go through the importance of the effectiveness in HR training and Development Strategy.
For more such innovative content on management studies, join WeSchool PGDM-DLP Program: http://bit.ly/effectivehrtrainingslides
Join us on Facebook: http://www.facebook.com/welearnindia
Read our latest blog at: http://welearnindia.wordpress.com
Subscribe to our Slideshare Channel: http://www.slideshare.net/welingkarDLP
I’m a young Pakistani Blogger, Academic Writer, Freelancer, Quaidian & MPhil Scholar, Quote Lover, Co-Founder at Essar Student Fund & Blueprism Academia, belonging from Mehdiabad, Skardu, Gilgit Baltistan, Pakistan.
I am an academic writer & freelancer! I can work on Research Paper, Thesis Writing, Academic Research, Research Project, Proposals, Assignments, Business Plans, and Case study research.
Expertise:
Management Sciences, Business Management, Marketing, HRM, Banking, Business Marketing, Corporate Finance, International Business Management
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PERFORMANCE MANAGEMENT kerala UniversityPOOJA UDAYAN
Various methods to evaluate performance at Individual & Team Levels , Team Performance, Performance of Learning Organizations and Virtual Teams: Team Performance Management.
Recruiting, Training and Development - Together Everyone Achieves More! Bill Davis
Presentation made on June 14, 2016, by Bill Davis to the Forbes School of Business and Technology LinkedIn Human Resource Management Virtual Club. Bill bridged the gap of understanding between theory and practice. He provided real-world application, examples, and discussed his experiences in his career as a former executive and manager. He explained how human resource principles were applied.
The Connection Between Ozone Layer Depletion and UVB Radiation
Reductions in stratospheric ozone levels will lead to higher levels of UVB reaching the Earth's surface. The sun's output of UVB does not change; rather, less ozone means less protection, and hence more UVB reaches the Earth. Studies have shown that in the Antarctic, the amount of UVB measured at the surface can double during the annual ozone hole.
Able to state the definition of laser
Able to state the principle of population inversion
Able to explain the principle of semiconducting laser
Familiarise with the concept of light simulation and polarisation
Able to list down all materials criteria and materials selection for a given semiconducting laser compound.
Able to highlight several examples of the application of laser.
Leader by the position achieved
Leader by personality, charisma
Leader by moral example
Leader by power held
Intellectual leader
Leader because of ability to accomplish things
Water never leaves the Earth. It is constantly being cycled through the atmosphere, ocean, and land. This process, known as the water cycle, is driven by energy from the sun. The water cycle is crucial to the existence of life on our planet.
Stationary Sources include smoke stacks of power plants, manufacturing facilities (factories) and waste incinerators, as well as furnaces and other types of fuel-burning heating devices.
Mobile Sources include motor vehicles, marine vessels, and aircraft.
Chemicals', dust and controlled burn practices in agriculture and forest management'.
The immediate care given to an injured or suddenly ill person.
DOES NOT take the place of proper medical treatment.
Legal Considerations
Implied Consent involves an unresponsive victim in a life-threatening condition.
It is assumed or “implied” that an unresponsive victim would consent to lifesaving help.
Only perform First Aid assistance for which you have been trained.
An image of each planet will be visible on individual slides.
Each slide will also describe the general composition, size, motion and relative position of each planet in the solar system.
Additional slides of planetary satellites, comets, and asteroids will be included.
Hyperlinks to additional slides and web sites will provide supplemental information.
Carbon dioxide
combustion of solid waste, fossil fuels (oil, natural gas, and coal), and wood and wood products
Methane :
production and transport of coal, natural gas, and oil. Methane emissions also result from the decomposition of organic wastes in municipal solid waste landfills, and the raising of livestock.
Nitrous oxide
agricultural and industrial activities, as well as during combustion of solid waste and fossil fuels.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Training and development as defined by Noe (2008).
It is important to note that training focuses on improving an employee’s skill level as related to his or her current job, while development has a more long-term focus intended to help an employee prepare for future jobs.
The basic aim of training and development programs is to help the organization to achieve its mission and goals by improving individual and, ultimately, organizational performance (Noe, 2008).
Source:
Noe, R. A. (2008). Employee Training & Development, 4th ed., New York: McGraw-Hill Irwin.
Though different texts may use different terms, these are the general steps in the training and development process. These elements will be discussed separately in class. It is important to recognize, though, that these elements are not mutually exclusive and encompass subcomponents that may blend with one another. For example, evaluation is listed at the end, but it should occur throughout the process.
Source:
United State General Accounting Office. (2004). Human Capital: A Guide for Assessing Strategic Training and Development Efforts in the Federal Government. GAO-04-546G.
Because students will work extensively on a group project in this class, it is important that they understand group process.
In 1965, Bruce W. Tuckman, an educational psychologist, studied the behavior of small groups in a variety of environments and described four distinct stages that groups experience before reaching maximum effectiveness. He described the stages as forming, storming, norming and performing. In 1977, he revised the model by adding a fifth stage—adjourning—to describe what happens to the group at the conclusion of a project.
Forming--Tuckman’s first stage--describes what happens when a group first comes together to work on a project. This is somewhat like a first date, where people are on their best behavior. At this point, they are unlikely to bring up serious issues or cause any controversy; instead, most will sit back, gather information and quietly form impressions about the other members of the group.
During the second stage of development, storming, things start to happen. Some people are no longer nice and strong opinions and feelings are likely to be expressed. There may be conflict as the group deals with differences in personalities and in methods for getting work done.
At the norming state, the group understands the scope and responsibilities of their task and the rules of engagement have been established. Individuals appreciate and support each others work as the group becomes a cohesive and effective team.
Finally, during the performing state, the group becomes a high performance work team demonstrating trust and interdependence. Individual roles and responsibilities are fluid and change according to what is needed at the time. There is a high degree of comfort among members and the energy of the group is directed toward accomplishment of the group objectives. This is where we want to go, but unfortunately, not all groups reach this stage. Some get stuck between storming and norming.
Adjourning is the last stage of Tuckman’s model and it occurs when the group’s work is complete. Group members experience pride in their work but also a sense of loss and mourning as the group is dissolved and individuals move to other, separate tasks.
Sources:
Chimaera Consulting, www.chimaeraconsulting.com/tuckman.htm.
George Mason University, Center for Leadership and Community Engagement, www.gmu.edu/student/csl/leadership/5stages.html.
Housel, D.J. (2002). Team Dynamics. Professional Development Series, South-Western, Thomson Learning, Inc.
Ask students to discuss the kinds of groups in which they have been participants.
Ask students to describe their experience in groups. Not all groups have positive outcomes. Remind students that creating a team is more than just putting a group of people together and calling them a team. A team is a cohesive unit with a common purpose whose members can trust and depend on each other. A group may be just a bunch of people who never reach team performance.
Every individual in a group plays a specific role within that group. Task-oriented roles are those actions that help move the project toward completion.
Maintenance roles are also referred to a social roles because their focus is on the relationships among group members. High maintenance-oriented individuals recognize that work gets done through people and therefore maintenance is important in successful accomplishment of group activities.
Remember, all groups are comprised of individuals, each with his or her own needs and personalities. Some are not team-oriented and instead play individualistic roles that are destructive to the group process. If you have worked on group projects, you have probably experienced both the harmonizer and the dominator!
Source:
The Evergreen State College, http://academic.evergreen.edu/curricular/businessandsociety/documents/GroupRoles.pdf.
Pearson Higher Education, www.abacon.com/commstudies/groups/roles.html.
Class #2 / Unit #1
An organization’s value consists of three types of assets that are crucial to providing goods and services.
An organization must have financial assets, cash and securities, to maintain day-to-day activities and to invest in the future.
There must be physical assets, such as facilities, plants and equipment, to produce marketable goods and services.
And lastly, organizations have intangible assets, such as staff and a good reputation, all necessary to achieve the organization’s mission. It’s easy to count the cash or assess the facility, but it can be difficult to measure the worth of intangible assets – What’s the value of a good reputation? Certainly, reputation is not listed on the organization’s balance sheet, but we all recognize that without a good reputation, the company’s sales plummet, the stock price spirals downward and it becomes impossible to hire and retain good employees. So – What’s the value of an intangible like reputation? Priceless! The same can be said for an organization’s human capital. What is the value of a well-trained staff?
Traditionally, training has not been seen as a priority in organizations and, consequently, it was a low-budget item. The idea of training was to teach employees the skills needed for their current job with the hope that they would apply those new techniques to their daily activities.
Today, organizations recognize that simple skills training is not enough. Organizations are increasingly looking to increase the value of their intangible assets, and many see their human capital assets as a way to gain an advantage over competitors. This attitude change is reflected in the increase U.S. organizations are spending on training, with $109 billion spent on training in 2006 compared with just $51 billion in 1995.
Sources:
Bureau of Labor Statistics, www.bls.gov.
American Society for Training and Development (ASTD), www.astd.org.
March 2007. Learning Moves Up the Ladder in HR Value. HRFocus, 84, 3.
Why are organizations increasingly interested in employee training?
Globalization. Many organizations work across national borders, and cross-culture training has become a common occurrence. In addition, many employees working in the United States come from other countries; organizational success requires that all employees understand cultural and diversity issues.
Successful organizations need effective leaders. With the aging of the workforce and imminent retirement of the Baby Boomers, U.S. organizations are experiencing a shortage of skilled leaders and a significant need for leadership training. Skilled leadership affects the entire workforce; numerous studies indicate that one of the key reasons that employees leave jobs is because they are uncomfortable with the working environment created by their direct supervisor. Leadership training could reduce turnover at all levels in an organization.
Intangible assets may be responsible for an organization’s competitive advantage, and organizations are recognizing the increased value of human capital. Employers are therefore more willing to invest in training. According to an ASTD survey of more than 500 publically traded U.S.-based organizations, organizations that invest the most in training and development had a shareholder return that was 86 percent higher than organizations in the bottom half of the survey and 46 percent higher than the market average (Noe, 2008, p. 12).
Instead of being simply a side issue as it was in the past, training is increasingly linked to an organization’s business strategy. Training professionals are expected to design learning activities to help the organization successfully implement strategy and reach organizational goals.
Training significantly affects employee retention. Surveys show that the opportunity for career growth, and learning and development activities are one of the top reasons employees stay with an organization. Training is a major influence on employee satisfaction because it increases an employee’s opportunity for advancement (Noe, 2008, p. 17).
Increased competition among organizations has resulted in a strong emphasis on quality and customer service. Measures of quality such as the Malcolm Baldrige National Quality Award and the ISO 9000:2000 quality standards all require employee training.
Immigration and the aging labor force continue to change workforce demographics. Training programs are needed to eliminate skill deficiencies, to integrate immigrant workers into the organization and to help employees acquire necessary technical skills. Some organizations provide training in generational differences to help employees understand the differences in how people work.
New technology and economic uncertainty has lead to training that is delivered on an as-needed basis, available 24-7, rather than taking employees away from job sites and into a classroom for on-site learning. New methods of delivering training have made training more cost-effective and increasingly available to employees scattered around the globe.
Instructors should create teams of three to four students for the class project. Allow class time for students to meet with their teams to discuss project plans and identify the organization they want to use for their training and development class project.
Discuss with students the specifics of the assignment. Allow time in class as available throughout the course for students to work with their teams.
