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4349 The World without Bankruptcy Laws

Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]

4348 The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat Whistleblowers

What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]

4347 Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks

How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]

4346 Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic Strategies

Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]

4345 Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional Franchises

In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]

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Trainings help employees enhance their capabilities and acquire new learnings, skills and knowledge. Trainings help employees come up with unique and innovative ideas, meet targets within the desired time frame and make them efficient resources for the organization.

One needs to understand that lot of time, money and energy go in designing training programs for employees. Managers need to understand where all their team members are lacking and need improvement. One needs to be very clear how training programs would benefit the employees.

Managers need to sit with human resource professionals and design specific training programs keeping in mind the needs and requirements of employees. Training programs conducted just for the sake of it yield no results.

Training programs should not only be designed for existing employees but also for new candidates.

Let us go through various training methods at the workplace:

Induction Training - Induction training is often given to new employees to make them feel a part of the organization. How do you think an individual can perform if he/she is not familiar with the policies and rules and regulations of the organization? You can’t expect an individual to deliver results on the first day itself. You need to welcome your employees well for them to feel motivated and comfortable.

Induction programs need to be designed sensibly. Too much of information on the day of joining will frighten the new employee and believe me, he/she will not come from the next day onwards.

Induction programs help new employees to get acquainted with the work culture and fellow workers. Induction programs need to be short, crisp but informative.

Refresher Training - Refresher trainings are designed for existing employees to refresh them and also help them acquire new skills and technologies to keep pace with the changing times. Such training programs prepare employees for more responsible positions.

On the Job Trainings - On the job trainings are given to employees at the workplace itself by their superiors and Bosses. Managers ought to sit with their team members on a regular basis, train them on new technologies, skill sets to help them cope with the changes.

On the job trainings are given to employees along with their jobs itself and make them capable to handle bigger responsibilities.

On the Job trainings are imparted by any of the following methods:

  1. Coaching - Coaching is also defined as learning by doing and handling various ongoing projects. In this method of training, team manager assigns certain job responsibilities to team members, monitors their performance, points out their mistakes, provides them feedbacks and also suggestions for improvement.

  2. Job Rotation - In this type of training, employees move from one position to another, thus acquiring new skills and learnings. Job rotation acquaints individuals with newer roles and challenges and makes them capable of performing any type of task.

Employees need to be encouraged to go through various online learning sites which would help them in their current job responsibilities. One needs to be aware of the latest developments in his/her domain. Reading helps a lot.

Off the job Training - Off the job trainings are given outside the workplace.

Off the job trainings can be provided by any of the following methods:

  1. Seminars/Conferences - Seminars and conferences are effective when training needs to be given to a larger audience. Relevant information, latest developments, new technologies and case studies are discussed on a common platform to acquaint employees with new skill sets.

  2. Simulation Exercise - Simulation exercises train the employees in an artificial environment which closely resembles the employee’s actual working conditions.

  3. Vestibule Trainings - In vestibule trainings, employees practice work on the instrument/equipment which they would be using in future when they would be actually working.

Management Games and Role Plays train employees to deal with critical problems and teach them to find innovative solutions.

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