Q&A - What is involved in a training strategy?
Recommend on Google+
Effective training starts with a “training strategy”. The three stages of a training strategy are:
• Identify the skills and abilities needed by employees
• Draw up an action plan to show how investment in training and development will help meet business goals and objectives
• Implement the plan, monitoring progress and training effectiveness
Given the costs involved, you might not be surprised to learn that many businesses do not invest enough in training. Some firms don’t invest anything in training! Here are the most common reasons for under-investment in training:
They fear employees will be poached by competitors (who will then benefit from the training)
• A desire to minimise short-term costs
• They cannot make a justifiable investment case
• Training takes time to have the desired effect – management are impatient!
• Sometimes the benefits of training are more intangible (e.g. morale) than tangible – so they are harder to measure
blog comments powered by Disqus
A light-hearted look at induction training [6 Feb 2012]
Job Production…Unwrapped [10 Nov 2011]
Lesson video - a day in the life of a supermarket [20 Oct 2011]
Strategies for success on the beleaguered high street [6 Sep 2011]
Corporate culture meets recruitment [28 Aug 2011]
Private v Public Sector - A Clash of Two Cultures? [20 Apr 2011]
On-the-job-training - The Come Fly With Me approach [23 Jan 2011]
Training, social immobility and tuition fees - KPMG’s blueprint solution [13 Jan 2011]
BUSS1 Revision Quiz - Employing People [14 Dec 2010]
Video case study - enterprise at the sharp end [27 Nov 2010]
A great example of off-the-job-training - Starbucks Coffee College [16 Oct 2010]
The business cost of labour turnover [7 Oct 2010]
Customer Service - What Students Can Learn from John Lewis Partnership [12 Jun 2010]
HRM priorities as firms exit the recession [27 Feb 2010]
Money as a motivator in social work? [20 Feb 2010]
Strategies for the Recession - Insights from Six Restaurant Group CEOs [19 Feb 2010]
Government support for apprenticeships [6 Feb 2010]
Leadership sets the culture for a thriving retail brand [31 Jan 2010]
Revision Presentation - Training [17 Jan 2010]
The UK: A nation of accidental managers [10 Nov 2009]
School for Santas [7 Nov 2009]
Q&A - What is training? [2 May 2009]
Q&A - Explain what induction training is [1 May 2009]
Video case study - Nissan [24 Oct 2008]
Selling is the way to respond to a recession [13 Oct 2008]
Marketing strategy - making the pier stand out from the crowd [13 Aug 2008]
Starting a business - have your cake and eat it [6 Aug 2008]
Is training the key to survival in a downturn? [13 Jul 2008]
The Business Studies Lessons from Terminal 5 [30 Mar 2008]
Starbucks Closes 7,100 US Outlets [27 Feb 2008]
BUSINESS TEACHER RESOURCE NEWSLETTER
Get first news of business teaching resources, ideas and other materials from tutor2u. Over 9,400 business teachers from the UK and around the world receive our regular teacher email newsletters. Sign up for free here!
Popular Topic Tags
recession, demand, prices, price, unemployment, profit, economics, costs, investment, inflation, supply, employment, trade, competition, gdp, risk, china, debt, euro, entrepreneur, capacity, production, downturn, innovation, tutor2u, revision, pay, exports, manufacturing, confidence, profits, food, incentives, banks, strategy, globalisation, aqa, expectations, oil, csr, usa, startup, retailers, housing, productivity, sterling, supermarkets, google, economies of scale, mortgage, takeover, cash flow, advertising, quiz, leadership, property, buss4, tesco, economic growth, video, efficiency, enterprise, motivation, stakeholders, apple, deflation, corporate social responsibility, ebea, market share, airlines, pricing, taxation, slowdown, bank of england, acquisition, merger, market failure, borrowing, competitiveness, sustainability, product life cycle, interest rates, credit crunch, budget deficit, aqa business studies, facebook, twitter, aqa business, bbc, nelson thornes, philip allan updates, starbucks, philip allan, monopoly, diversification, recruitment, organic growth, stocks, training, oligopoly, starter activity, shareholders, uk economy, poverty, dollar, emerging markets, government failure, retailing, management, suppliers, buss1, marketing mix, tim harford, cpi, branding, opportunity cost, breakeven, government spending, hodder education, vat, product, customer service, eu, losses, wages, evaluation, india, external growth, wealth, environment, edexcel, location, promotion, technology, information failure, business studies revision, sources of finance, franchise, aqa gce business, elasticity, regulation, spare capacity, welfare, jobs, economic cycle, marketing, zondle, strategic direction, british airways,View all tags for the Business Blog
