Q1 The report Introduction As requested by the Managing Director, a Committee was set up to examine staff attitudes towards enhanced training. The Committee sent out a survey to all staff members and this report is based on their answers. Finding The survey showed that six staff members were taking work-related courses. Furthermore, it was discovered that all six of them were from the senior management and no junior staff members were taking work-related training. The latter responded they were not participating in work-related training mainly because of the cost of such courses. In addition, junior staff members did not believe that such extra efforts would bring them any reward or appreciation. Consequently, they did not feel …show more content…
Q6 As most employees show their willingness to work irregular hours, we can implement the flexible working hours system as scheduled. Q7 It is expected that the construction permit for the new factory building will be issued within two months after submission of the building plan to the Buildings Department Q8 The research team suggests developing new products to attract overseas buyers. Q9 Provided that the budget permits, the company should upgrade the machinery to be able to manufacture a better quality product. Q10 Given the huge success of the pilot scheme, it is strongly recommended that the scheme should be a permanent practice. Q11 If safety is the major concern, then the LB830 is most probably our only choice. Q12 The Hong Kong stock market will rise next year. The correct answer is: The Hong Kong stock market is likely to rise next year. Property is a very unpredictable market. Property tends to be a very unpredictable market. Financial analysts believe that the retailing sector has better potential than the rest of the market. Many financial analysts believe that the retailing sector has substantially better potential than the rest of the market. Inflation is at a more dangerous level now than in the 1970s. It is probable that inflation is at a more dangerous level now than in the 1970s Shares are a safer investment than real estate. Real estate gives a better return on the long term. Shares are a considerably
During the training, the new employees will learn a wide array skills and tips to create the loyalty and expectations our organization has. This will be done by learning interpersonal skills, adaptability, communication skills and professionalism. These skills will help them when they are interacting on the phone or in-person with customers. Not only does the training allows our employees to provide better service, it also allows them the opportunity to learn and grow at the same time. When the employees attend training, they
Training for employees on key areas are the foundation for well-prepared workforce and will lead to a stable structured organization. The main objective of this type of training is to help to illustrate the importance of training and why achieving the proposed goals is so important for the success not only of the employee but of the entire company.
Training and Development is imperative to the organization’s progress. Training helps addressing employee weaknesses and builds a reliable and skilled workforce. This will improve the employees’ performance and boost their self confidence, and innovation. By acquiring the needed knowledge and skills, employees can perform more efficiently and increase the overall productivity of the organization.
The evaluation of training consists of a reaction, learning, behavior, and results. Results determine how much the trainee liked the program. Learning outlines what facts and concepts were learned. Behavior determines if the program had an effect on the behavior(s) of the trainees. And results highlight what was accomplished as a result of the program, i.e. reduction of turnover or cost. Evaluating a training program allows for an employer to identify and correct areas in which improvement is needed. In order accomplish company goals employees must be trained effectively. Training cannot be an afterthought; it should be planned and implemented correctly. Career Development Strategies
Creating a strong and robust training program for the employees is essential to the success of the company. Training must be available for all employees through various delivery methods in order to meet the different learning styles and employee availability. In-person training will be provided with a certified facilitator along with a human resource representative. Materials will be provided in the form of training booklet available in print and electronic format. On-demand videos will be made available through the company portal. All training materials must be a part of new-employee orientation. Print media and on-demand videos must be maintained and updated in order to provide a refresher course to current employees.
In the midst of World War II, bread could be purchased for around $0.10, less than $1,000 for a brand new car, and a nice middle class house would sell for around $4,000 - $6,000. However, in our current day we all know these items, along with everything else, cost much more today than they did during the second world war, a substantially greater amount. This shows that we experienced a noteworthy amount of inflation since the war. Shortly thereafter, in the mid-to-late 1970s, inflation skyrocketed to double-digit levels, which threw America into hysteria. Ever since, the general publics anxiety dwindled along with inflation rates, but the same public is still timid when it comes in regard to inflation, even though we have recently experienced minimal levels over the past few years. Even though most everyone knows that prices go up over time, they still do not fully understand the forces behind inflation. Hopefully some of the uncertainties are clarified in the following paper. Inflation, along with purchasing power, is depicted and elucidated in terms with how the two are congruent to one another. Also, this paper notes how measurements are taken to predict future interest rates, which helps everyone from consumers to producers, so they can be prepared for the change in value of their dollar.
In order to meet customer demands for higher product quality, to comply with federally-mandated environmental regulations, and to reduce production costs, HCC must spend $2,000,000 within the next three years to upgrade equipment. The upgrade is expected to result in production efficiencies that will lower material and labor costs by reducing defective products, process waste, in-process inventory, and production man-hours through simplified work processes. It has been over a decade since significant modifications were made to the production facilities. Those changes were mostly technical in nature and did not substantially alter work processes or reduce overall employment. The average productivity gain in the industry for the past five years has been 3% per year. Financing for the loan to purchase the equipment
When real estate is going up, up, up, investing in real estate can seem easy. All ships rise with a rising tide, and even if you've bought a deal with no equity and no cash flow, you can still make money if you're in the right place at the right time.
While conducting the extra training it is important to maintaining knowledge, incorporating some team building excursuses or exercises will go toward building a strong base for employees. While consulting for a company in Tucson Arizona, I was presented with some of the similar issues, more interaction with the upper management went a long way in
Within todays ever-changing working society, training and development is a key part within any organisation. Employees are the main capital within organisations which suggests
Upgrading production process can be done in two ways. One way is through upgrading existing tangible resources such as equipment and supplies, and the other way is to upgrading through intangible resources such as
Putting together an effective employee training program can be a monumental task if not planned properly. There are four steps, repeating to produce a continuously better program that is best for both employer and employee. The process steps include needs assessment, design, implementation, and evaluation. Once it is evaluated, it should then show some weakness that should begin the cycle again with needs assessment and
As stated by Jim Wilkinson in his article, Make or Buy, we must also consider the opportunity costs of using our machinery, time and effort to manufacture the next best product. Will we need to purchase new equipment to keep up with increased demand? Can we continue to add value to the rest of our business? We must look at that as well.
A training program that is well-designed is proven to achieve maximum results and meet the training needs identified during a training needs analysis. A well-executed training program will increase overall productivity and provide the knowledge, skills, and attitudes the employees need to perform successfully. This paper presents considerations for the design of a two-phase training program for existing employees – a two (2) day program, which covers the training needs to move the company in the right direction.