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Training and development:. Current or future skills. Aim:. To develop skills, knowledge, and attitudes Training is critical is because: Shortage of skilled labour Mismatch between skills wanted & what are available

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training and development

Training and development:

Current or future skills

slide2
Aim:
  • To develop skills, knowledge, and attitudes
  • Training is critical is because:
    • Shortage of skilled labour
    • Mismatch between skills wanted & what are available
    • Changing working environment has shifted so businesses need a range of skills
development is
Development is …
  • Focused on enhancing the skills of the employee to match future business needs
  • Encourages employees to take advantage of opportunities  develop a career with the business
how to develop employees
How to develop employees 
  • Businesses need to evaluate:
    • their future needs
    • the supply and skills of the economy
    • the demand for these skills
    • the changing nature of work
    • general pattern of employment
businesses need to consider these options
Businesses need to consider these options:
  • Invest in further in-house training and development
  • recruit staff for specific skills
  • Retain experts who retire on part-time basis
  • Retain women through flexible work structures such as telecommuting
  • Share staff with other firms, or do work for other firms
    • Insourcing refers to delegating a job to someone within the business, as opposed to someone outside the business
  • Outsource functions to specialist firms or agencies, even overseas
  • Sponsor overseas migrants for areas of major shortages
  • Build networks or alliances with other firms with specialist skills or skills needed in the future
questions
Questions:
  • At what stage in the business cycle could a business most benefit from training and development?
  • What are the main types of training and development?