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Training and development:

Training and development:. Current or future skills. Aim:. To develop skills, knowledge, and attitudes Training is critical is because: Shortage of skilled labour Mismatch between skills wanted & what are available

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Training and development:

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  1. Training and development: Current or future skills

  2. Aim: • To develop skills, knowledge, and attitudes • Training is critical is because: • Shortage of skilled labour • Mismatch between skills wanted & what are available • Changing working environment has shifted so businesses need a range of skills

  3. Development is … • Focused on enhancing the skills of the employee to match future business needs • Encourages employees to take advantage of opportunities  develop a career with the business

  4. How to develop employees  • Businesses need to evaluate: • their future needs • the supply and skills of the economy • the demand for these skills • the changing nature of work • general pattern of employment

  5. Businesses need to consider these options: • Invest in further in-house training and development • recruit staff for specific skills • Retain experts who retire on part-time basis • Retain women through flexible work structures such as telecommuting • Share staff with other firms, or do work for other firms • Insourcing refers to delegating a job to someone within the business, as opposed to someone outside the business • Outsource functions to specialist firms or agencies, even overseas • Sponsor overseas migrants for areas of major shortages • Build networks or alliances with other firms with specialist skills or skills needed in the future

  6. Questions: • At what stage in the business cycle could a business most benefit from training and development? • What are the main types of training and development?

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