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Developing the Talent You Have:
Strategies for Training and Development …
Developing the Talent You Have:
Strategies for Training and Development
Excerpted from Hiring and Keeping the Best People
Concept Map by Amanda Newton
Employee development benefits:
- increases the value of the company's human assets - which are the prime assets of companies in a growing number of industries
- assures that competent people will be ready and able to move up as vacancies appear
- creates a pool of individuals who understand the company and industry, and who are prepared to assume leadership as the enterprise grows
- contributes to effective retention
The Development Dilemma
To train employees builds up the company, but also can build up the employee poaching from competitors "free riding".
"...research by the Bureau of Labor Statistics indicates that the free rider problem is less a deterrent to training investments than many suppose."
Skill Training
2 Aims:
- To keep the skills of employees current with advancing technologies and business practices
- To help employees master the skills they need to advance within a company.
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Online Training
- Lower cost to supply
- Elimination of travel costs and lost production time.
- Scalable to any level of demand
- On-demand availabiltiy
In practice, do most jobs incorporate this as work-time and for employees to take their time? In my experience, it was rushed - get it done as fast as you can so you get to work....
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Handling C Performers
- Identify C Performers
- Agree on explicit action plans for each C performer.
- Hold managers accountable for the improvement or removal of C performers.
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