Lesson38TrainingPractices - LESSON 38 TRAINING PRACTICES...

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LESSON 38 TRAINING PRACTICES Friends, This part of unit and lesson is going to provide you exposure towards the training and development practice across wide spectrum. This lesson and a following lesson will provide lots of statistic drawn from various research about the training practices in Private, Public, MNCs, cooperatives and Government sector. INTRODUCTION 1.To meet the demands required of businesses in today's highly competitive market, companies are finding it necessary to provide ongoing training to their employees. In the past, regulation, customer service requirements, and safety compliance issues drove the training offered by most businesses. However, businesses are now providing training as a means of increasing worker productivity and performance and improving worker retention. This Brief presents findings on the training practices -the types of training needed by their employees, the types of training these businesses are able to offer, and the barriers companies must overcome to be able to offer training to their employees. Trends in Training: 2.u. S. companies-small and large-are increasing their investment in training. The typical private-sector business with "50 or more employees spends approximately $500 per employee on training" . Most training money is allocated to trainers' wages and salaries (39.6%); with outside training companies, tuition reimbursements; and training facilities making up the rest at 27.3%, 13.9%, and 21.9% respectively. After opening of economy Indian companies are also taking training their human resource as important aspect of management. 3.Although large companies are more apt to provide training than smaller companies, size is becoming less of a predictor of training than complexity of the environment, degree of market competition, and the internal makeup of the company. Companies involved in total quality management practices, technology change, and organizational restructuring, for example, are more apt to provide employee training as they are focused on high performance as a strategy for survival. 4. The Indian Society for Training and Development of the Industry has to consider the influence of technology on industry training needs. Although small companies have been slow to adopt new technologies, the increasingly technological nature of the workplace is prompting them to increase their spending in this regard. A Computer Reseller News Technical Training Survey conducted in 1999 revealed that "92 percent of small and mids~e companies plan to offer technical training to their employees this year" making it
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the single most important area for training growth. As small business operations become more computerized and telecommunication activities increase, Internet, Intranet, and computer based training is expected to increase as well. Employer-Provided Training
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This note was uploaded on 05/20/2010 for the course BUSINESS Management taught by Professor N/a during the Spring '10 term at Open Uni..

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Lesson38TrainingPractices - LESSON 38 TRAINING PRACTICES...

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