“Training Strategies for Small and Medium Sized Businesses: One Size Doesn't Fit All.”

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“Training Strategies for Small and Medium Sized Businesses: One Size Doesn’t Fit All.” Abstract The prerequisites for training vary in different businesses, with size being a significant factor. The smaller firms tend to conduct their training for their employees on a superficial level, having their entire focus on learning informal skills. Whereas in comparatively larger SMEs, there is a broader spectrum for the learning perspective. These companies want to obtain a more formal training with an objective of achieving standard skills. Thus, different firms have different training strategies regardless of the size. This paper analyzes these differences and identifies the challenges that may inhibit certain training strategies.…show more content…
The owners of these business entities were also dissatisfied with the array of training which the external parties were providing. Usually, the owners accounted that they face a lot of sill shortages because of unavailability of appropriate training needed for both present as well as future business necessities. All the respondents in this survey claimed that they have searched for relevant training programs with economical prices at local, regional, and national levels. But after finding a suitable program, the managers were still hesitant to ensue because the costs were very high and there was no appropriate support available. As a result, the training packages were having more economically low prices and guaranteed general rather than ideal support. R. Hill and J. Stewart (2000) utilized a number of case studies in order to clarify the Human Resource practices of SMEs operating in the US. They found that a variety of companies in different industries have the tendency of short term and impulsive Human Resource Development. Training in such firms was informal, imprudent and had the objective of solving the workplace problems immediately, instead of the long-term employee development. They also found that these firms have a propensity to justify the active promotion of a developmental strategy in the absence of training. Nevertheless, the philosophy of owners and managers towards the business and their perception about the

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