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Training and Development

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Assignment 2: Designing a Training Program
B-Swann LLC: Sponsors a two days financial training program for 20 members
B-Swann LLC, sponsors a two days financial training that are offered as part of the “ added benefit for members”. The training are educational. Money management concepts and tools are presented in an informative, enjoyable, and professional manner. The training feature practical information and are relevant to all income and females educational occupation.
B-Swann was founded 2013 , in Greensboro, North Carolina . B-Swann defines who we are. A legally organized and incorporated organization comprising of Black people with a mission, aims and objectives of unifying ourselves, to build a sense of togetherness, for the purpose of helping ourselves and the entire Pan – African community in general in the areas of education, health, business wealth and finance as well supporting political initiatives for Black people.
B-Swann intend to build a strong Black community in which we can stand together as a dignified and respectful people.
To build a sense of togetherness while instilling historical awareness and values of respect, trust, support and care for each other:
• Creating jobs for our youth
• Providing loans
• Supporting Black businesses
• Educational awareness, workshops and seminars
The employees to be trained are the female members. After three decades of dramatic social change, more women are managing money than ever before. Whether they are single or working with a partner, it’s important for them to determine their short and long- term financial goals, and learn how to meet them effectively. This training can help by introducing the financial planning process and showing them how to begin investing in their future.
The three factors listed identify the needs through a TNA and justify an approach
• Marital Status
• Education
• Income
Marital Status: 21.4 million adults, representing 10% of the population are currently divorced. Forty – seven percent of first marriages and 49 percent of second marriages end in divorce. Twenty four percent of women have not married. Seventy – five percent married women eventually become widowed at an average age of 56. And 45.2 percent of women over 65 are widows
Education: Women are becoming more educated. In 1999, women were predicted to earn just over 57 percent of all bachelor’s degrees, compared with 43 percent 1970 and under 24 percent in 1950.
Income: Despite the high incomes some women earn, their wages as a group have not kept pace with those men. The average woman currently earns 76 cents for every dollar the average man earns, and nine out of ten women make less than $ 40, 000 a year. What’s more, women are less likely to work for companies with retirement plans. In 2002, Median weekly earnings for women was $491. And for men $647. (Census Bureau, 2000).
Training objectives:
• Help female individual determine their personal financial goal and develop a workable plan to meet them
• Help female individual learn how to protect themselves from unnecessary financial risks
• Help female individual understand the benefits that their employer offers

This training program will orient female to financial principles and the financial planning process. It will help members recognize financial obstacles and understand methods to overcome them.

BUDGET:
Hall (2 days) $1,400
Food (breakfast, lunch & dinner 20 participants @ $30/day $1,200
Lodging (rooms) 2 persons to a room @$40/day $800.00
Equipment’s rental fee 2days $1,600
Presenter 4 persons @$900. $3,600
Literatures and reading materials $1,500
Transportations $5,000

TOTAL EXPENSES $18,100

Four presenters made presentation on the following topics:
• How to set your personal financial goal to fit your need
• Understanding financial risks
• How to be financially independence
• Understanding your benefits
Presenters use videos, literatures and others reading materials to deliver the program to the trainees.
Day 1 Monday, June 11, 2014
Part l (Registration)
8:30 Registration (Main Lobby)
Part l l (Opening Program)
8:55 Official Opening
9:02 Introduction & Training Overview
9:30 Presenter 1 Topic: How to set your personal financial goal to fit your need
11:30 Lunch Break Presenters and Participants
12:30 Presenter 11 Topic: Understanding financial risks
2:30 Q & A Session
4:00 Session end
Day 2 (Tuesday June12, 2014 )
Part 1 (Registration)
8:30 Registration(Main Lobby)
Part 11
9:00 (Presentation & Discussion of Training Topics -- Presenter, Facilitator & Participants)
9:30 Presenter 3
Topic: How to be financially Independence
11:30 Lunch Break Presenters and Participants
12:30 Presenter 4
Topic: Understanding your benefits
2:30 Q & A Session
4:00 Session end

Conventional wisdom is that the trainer’s job is done when training is over. More recent research, however, demonstrates the value of continued trainer involvement in the transfer of training. Trainees who commit to meet the trainer and other trainees at some later date to discuss transfer of training use the training more effectively.

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