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

Aims of teaching and DevelopmentTraining crapper be teaching employees new skills that are relevant totheir current barter position or refreshing the skills that they alreadypossess. To have a well(p) training and development programme enablesfirms to develop individual employees and the organisation itself astraining is one of the best forms of motivation. Employees are able tobroaden their intimacy and become much valued within the firm. Havinga well-trained workforce is greatly beneficial for a company asemployees are likely to be more motivated and target driven. Alsovarious jobs and tasks are likely to be carried go forth more efficientlyif the workforce is gamyly dexterous at what they do. Listed below aresome off the main benefits to a company in having a well-trainedworkforce- Training and development get out enable a company to have a much more flexible workforce- Employees lead become more motivated and are then likely to be more productive- If employees are rendered innovational training in areas such as ICT, HSBC may find that brook progress further as a firm into more innovative markets- If employees are motivated and comfortable in the work they do thither will be a fall in absenteeism- If employees are right on trained in health and rubber accidents around the workplace will be reduced Types of TrainingThe three main types of training that companies offer are- inference Training- On-the-job Training- Off-the-job TrainingInduction TrainingThis involves introducing new employees to the workplace, existingemployees and showing them what the job will entail. It is fundamentalthat the they get an idea of how the company is run, the companieshistory and that they get familiar with the operate 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 appropriate member of staff if a problemwas to occur. Th e induction process allows employees to gain essentialknowledge forrader starting their job and ensures safety and maintenancein the workplace.On-the-job Training During on-the-job training employees are taught the skills andtechniques they need while actually carrying out their job. Types ofon-the-job training include Coaching and Mentori... ...nowledge and thiswill depend on their learning ability and training call for. To plan thisproperly HSBC design a training and development plan and use it tosummarise the required fiscal support.The training is split into Training and Competence Management Development management/team leader courses Professional qualifications Maintenance of professional knowledge learnedness Centre Individual training needs HSBC Individual training needs externalThe finance department will budget a reliable amount for training andthe training department will have to diagnose sure they stick to it. Thismeans that the training department would have to discharge all costsassociated with the various training and development methods. Theywould have to quantify how many hours and how many workers the trainingwill use to get a rough idea of the cost. Clearwater StrategyHSBC use a strategy cognise as Clearwater. This is a strategy fordifferentiating the bank from its competitors through the provision ofhigh quality customer service. This would create an environmentconducive to increased gross revenue producing income growth and thusincreased profitability.