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Business Management
Training and development
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Created by
Kate Fuchter
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Cards (9)
training costs/disadvantages
financial
costs
loss
of
output while training
quality may be poor during initial training
staff
may leave once trained
poor quality training can be a waste of resources
training benefits /advantages
staff become more
skilled
; this can reduce
wastage
,increase
productivity
flexible
workforce
customer
satisfaction
easier to
introduce
changes
increased
sales revenue
customer
satisfaction
-
reduced
complaints
easier
to introduce changes
What are the three types of training?
induction
- for newly promoted staff
on-the-job
-training done in place of work
off-the-job
- training done out-with usual place of work
What are the advantages of an apprenticeship?
employees gain a recognised
qualification
may lead to a
permanent job
employees
skills
are developed
get used to working in a
real business environment
paid
during
training
contribute
to the
organisation
what are the disadvantages of an apprenticeship?
staff may
leave
for a
better job after qualification
organisations
usually
pay
for the training and exams
it can be
costly
to pay staff to train
what are the advantages of graduate training schemes?
graduates are raw talent and can be
molded
to fit the
specific skills the business requires
the attractive salary, benefits and promotion opportunities are
motivational
to the graduate
successful completion of the programe can lead to a
full-time
position
Graduate training schemes disadvantages
graduates command
higher salaries than staff without degrees
not all graduates on the programme
guarantee
full time jobs, increasing staff turnover and impacting morale
Staff appraisal
Often an annual review of performance but may occur regularly
A face-to-face discussion between employee and employer
Formal record of measured performance
Setting of targets and discussion of development needs
Feedback on performance
Staff appraisal
May be linked to pay