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Developing the Talent You Have (Employment Development has its advantages,…
Developing the Talent You Have
Employment Development has its advantages
Increases value of human assets
Contributes to retention
Develops competent people to move up
Creates group of individuals who understand the company
Development Dilemma
Who actually benefits? Company or competitors?
Free riding - trained workers poached by other companies
Skill training
Formal
Highly structured
Can allow employers to
align structure with company needs
Assure upgrade of continual knowledge
Informal
OTJ - on the job training
Common in US, not formal
Cheaper as it doesn't take employee from work
Training pays
Training increases reading/math competencies of employees
Motorolla - training must be reinforced for ROI to be high
Online training
Ideal because
Lowers cost of supply
Eliminates costs such as travel and lost production time
Variable to needs of company
On deman
Career Development
Dif training including work assignments, mentoring
Career ladders
Logical series of stages that move talented employees through various and challenging positions
Must avoid plateaus to be effective
employees need challenges
Some firms systematicaly map these out
Mentors
Hill - 3 characteristics of effective mentors
Set high standards
Availability to charges
"Orchestrate" developmental experiences
Provide positive bond between employee and firm
Also good to have
Empathy with mentee situation (i.e. female and female in largely male org)
Nurturing attitude
Exemplify company culture
Handling C performers
C performers can suck life out of org
Should be channeled into lower level jobs where they can succeed
Training? to improve performance
leave the company