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Explore the importance of investing in employees through training and development to adapt to technological changes, mergers, and globalization while enhancing individual and organizational outcomes. Learn how to set training objectives, design effective programs, and evaluate their impact. Discover various training methods and their benefits, drawbacks, and delivery options. Gain insights on aligning training with performance management and compensation for optimal results.
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Training & Development • Training & development • Represents ongoing investment in employees & realizes employees are assets. • Importance of training & development • Rapid technological changes cause skill obsolescence • Redesign of work brings need for new skills • Mergers & acquisitions have increased need for integrating employees into different cultures • Employees are moving between employers more often, necessitating training • Globalization of business requires new knowledge & skills
Benefits of Training & Development • Individual employee • Increased employee marketability • Increased employee employability security • Organization • Improved bottom line, efficiency & profitability • Reduced layers of management • Makes employees more accountable for results
Setting Training Objectives • Align/match identified training needs with training objectives • Define objectives in specific, measurable terms • Desired employee behaviors • Results expected to follow from such behaviors • One source of information for setting objectives • Performance deficiency data contained in performance management system
Design • Critical training design issues • Interference from & difficulty of overcoming prior training, learning, habits • Transfer of newly learned skills back to job • Choice of training environment approximating or simulating actual working conditions • Organizational environment supportive of training & development • Contents need to be designed as well • Offline or online training
Benefits Self-paced Adaptive to different needs Can be customized Easy to deliver Usually less expensive to administer Can be conducted when convenient for employee Drawbacks Learners must be self-motivated Cost of producing online, interactive materials Lack of interaction with others may work against needs & preferred learning styles Computer-Based Instruction
On-the-job training Internship/ Apprenticeship Coaching and mentoring Job rotation Informal learning Off-the-job training Lectures Audiovisual-based training Case study Seminar Simulated learning Corporate universities Delivery
Evaluation • Integral part of overall training program • Provides feedback on effectiveness of training program • Evaluation criteria should be established in tandem with & parallel to training objectives
Exhibit 9-4Link Between Training & Performance Management & Compensation