TRAINING AND DEVELOPMENT
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Characteristics
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HOW
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WHY
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WHEN
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WHO
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1
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Linked to the entity’s
strategy
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Gap analysis between entity and standards
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Measured Goals
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Performance gaps
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CEO
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2
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Budgeted and accountable
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Impact measured by best practices
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Approved financially as a project.
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At all times.
Variance monitoring
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Finance Manager
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3
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Identifying competency gaps
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Negative Performance gaps
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More definite/specific
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To ensure training
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Training officer
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4
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Prioritizing
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Choose the critical
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Impact on bottom is greatest
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Before the operational year
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HR Head
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5
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Coordination
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Strategic map
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Functional coordination with budget
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Before the year begins
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Finance Manager
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6
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Effectiveness of training
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Calculate the ROI
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To gain CEO approval
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To approve training projects
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HR Heads
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7
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Document the training
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On the Job and off the job
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Future reference
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Before the operational period
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HR/Personal
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Gaps are identified by comparing the performance of the company against a bench marked company in the same industry. Positive performance indicate strengths whereas the opposite shows weaknesses. Thereafter, proper winning strategies could be formulated and best practices could be recognized and adopted. All the above could be drawn objectively from the financial statements rather than relying on subjective opinion surveys which are popularly but wrongly applied in TNA.
Monday, March 7, 2016
TRAINING PROJECT: 7 positive characteristic
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