WK5 LTR Team C HRM531A Essay

2664 WordsFeb 18, 201511 Pages
Learning Team Reflection Week 5 Learning Team C Christine Denson, Shacorra Hall, Donnie Phillips HRM/531 William Wood January 30, 2015 Training Plan Implementing an effective training plan is necessary in order for a company to be successful. A structured training plan for Landslide Limousines will ensure employees are aware of the company’s objectives and goals. According to Bradley Stonefield, the training plan for Landslide Limousine will entail three key components a set of needs assessment, types of training methods, and training evaluations strategies. Training offers reliable information and skill to an employee about the company’s prospects and procedures. Properly trained employees contribute to a company’s achievement…show more content…
Complete an analysis gap to identify and report performance, cost and benefits based on an analysis of the actual performance data. Demographic Analysis According to Bradley Stonefield, the demographic analysis that needs to be address is a specific population to describe the small business and its characteristics, such as income level, background checks, driving records, location and salaries. A demographic analysis is useful in a business plan, to describe the population where the business is located. Income level data is a good indicator of residents’ spending power. Income positively correlates with retail expenditures in many product categories. During market evaluation, retailers look at the median or average household income, and seek a minimum number of households within a certain income range prior to establishing a business or setting prices. Another common practice is to analyze the distribution of household incomes. Different businesses may avoid extremely high or low-income areas. Some specialty fashion stores target incomes above $100,000. Background checks often requested by employers for job candidates during employment screening, especially on candidates seeking a position that require high security or trust. Traditionally, background checks administered by a government agency for a nominal fee, but maybe administered by private companies. Background checks can be expensive depending on the information requested. Results of a background check

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