CHAPTER: TRAINING AND DEVELOPMENT

Training and development is at the heart of:
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ā‘ Due to increasing international competition in today's economy, companies must empower their employees and develop skills to maximize productivity and profits.

ā‘ The fast-moving, ever changing global economy calls for a new work order and requires a flexible, multi-skilled, knowledgeable and adaptable workforce at all levels.

ā‘ Employee development prepares an employee for jobs in the future.
ā‘ All resources and processes are managed within a single entity, reporting to one senior
executive or leadership team.

ā‘ The principal advantage of this model is the consistency it provides in the management of training processes across the enterprise.

ā‘ It is typically employed within small organizations that lack distributed facilities that span geographic locations.
Decentralized Training Organizationā‘ The training function is operated independently by certain entities throughout an enterprise. ā‘ Many such organizations operate separate training departments for IT, manufacturing, sales, HR and other business groups and corporate divisions. ā‘ Each decentralized training department has its own executive or leadership team that develops customized content for its specific audiences.Federated Modelā‘ Centralizes certain processes of the training function within the enterprise and decentralizes others. ā‘ Companies most commonly employ the federated model by centralizing processes associated with training administration while decentralizing processes for content development and delivery. ā‘ Combines the principal advantages offered by the other two models, a principal reason the federated model has become popular among large companies.Advantages of training and developmentā‘ Helps employees develop new skills and increases their knowledge. ā‘ Improves efficiency and productivity of the individuals as well as the teams. ā‘ Proper training and development can remove bottle-necks in operations. ā‘ New & improved job positions can be created to make the organization leaner. ā‘ Keeps employees motivated and refreshes their goals, ambitions and contribution levels.Disadvantages of training and developmentā‘ It is an expensive process which includes arranging the correct trainers and engaging employees for non-revenue activities. ā‘ There is a risk that after the training and development session, the employee can quit the job