Aims of Training and Development Essay -- Business and Management Stud

Aims of study and DevelopmentTraining can be teaching employees new skills that be relevant totheir current job position or refreshing the skills that they alreadypossess. To make up a good develop and get aroundment programme enablesfirms to develop individual employees and the organisation itself as educate is one of the best forms of motivation. Employees ar able tobroaden their knowledge and suffer more than valued inside the firm. Havinga well-trained workforce is greatly beneficial for a company asemployees are likely to be more motivated and target driven. excessivelyvarious jobs and tasks are likely to be carried out more expeditiouslyif the workforce is highly skilled at what they do. Listed below are nearly off the main benefits to a company in having a well-trainedworkforce- Training and development leave alone enable a company to have a much more flexible workforce- Employees go away become more motivated and are then likely to be more productive- If employe es are offered advanced training in areas such as ICT, HSBC may find that can progress further as a firm into more advanced markets- If employees are motivated and comfortable in the work they do there will be a resolve in absenteeism- If employees are properly trained in health and preventive accidents around the workplace will be reduced Types of TrainingThe terzetto main types of training that companies offer are- Induction Training- on-the-job Training- Off-the-job TrainingInduction TrainingThis involves introducing new employees to the workplace, existingemployees and presentation them what the job will entail. It is importantthat the they get an idea of how the company is run, the companies archives and that they get familiar with the services and products thecompany offer. During the induction process employees will be shownhealth and safety procedures and the basic layout of the workplace.This is so they know where an capture member of staff if a problemwas to occur . The induction process allows employees to exonerate essentialknowledge before starting their job and ensures safety and livingin the workplace.On-the-job Training During on-the-job training employees are taught the skills andtechniques they collect while actually carrying out their job. Types ofon-the-job training include coaching job and Mentori... ...nowledge and thiswill depend on their learning ability and training take. To end thisproperly HSBC design a training and development plan and expenditure it tosummarise the required financial support.The training is split into Training and competence Management Development Supervision/team leader courses Professional qualifications guardianship of professional knowledge Learning Centre Individual training needs HSBC Individual training needs externalThe finance department will budget a certain amount for training andthe training department will have to make sure they stick to it. Thismeans that the training department wo uld have to justify all costsassociated with the various training and development methods. Theywould have to assess how many hours and how many workers the trainingwill utilisation to get a rough idea of the cost. Clearwater StrategyHSBC use a strategy known as Clearwater. This is a strategy fordifferentiating the cashbox from its competitors through the provision ofhigh quality customer service. This would create an milieuconducive to increased sales producing income growth and thusincreased profitability.