CHAPTER 10 TRAINING & DEVELOPMENT FOR TOMORROW

What is training?

The concept

ADVANTAGES OF TRAINING 1. Increased Executive Management Skills

2. Development in each Executive of board background and appreciation of overall company’s operations and objectives.

3. Greater delegation of authority because lower executives can take the responsibilities. 4. Creation of a reverse of qualified personnel to replace the old ones.

5. Improved selection for promotion.

6. Minimum delay in staffing new positions.

7. Combination of youth and experience in top-management.

8. Improved executive morale.

9. Attraction to company of ambitious people who wish to move ahead rapidly.

10. Increased effectiveness and reduced costs resulting in greater assurance of continued profitability.

TYPES OF TRAINING 1. On-the-Job Training

2. Vestibule Schools – initial training in a class room of semi-skilled and clerical workers (bank clerks / Machine Operators)

3. Apprenticeship Programs – higher level of skills, e.g., Engineering

4. Internship Training: students undertake this type of training.

5. Special Courses / Teaching Machines

6. Class room Instructions

7. Retraining

STAGES IN DESIGNING TRAINING PROGRAM

1. Set overall training objectives 2. Select relevant training material 3. Decide training methods 4. Assess training time periods 5. Construct the time table 6. Brief the trainer 7. Monitor and evaluate training

WHAT CAUSES CHANGE?

Environment (business, economy, climate world conditions etc. govt. regulations, competition, changes in morals and values of the society – fashion)

Technological Developments

Organizational change, size, board level.

Managerial change is important type of change. Managers are source of many changes that