Training & Career Development
Achieve and maintain a competitive advantage for the organization using planned and unplanned learning
Training and development is concerned with organizational activity aimed at bettering the performance of individuals and groups in organizational settings. Training and development (T&D) encompasses three main activities: training, education, and development. The “stakeholders” in training and development are categorized into several classes. The sponsors of training and development are senior managers. The clients of training and development are business planners.
Line managers are responsible for coaching, resources, and performance. The participants are those who actually undergo the processes. The facilitators are Human Resource Management staff. And the providers are specialists in the field. Each of these groups has its own agenda and motivations, which sometimes conflict with the agendas and motivations of the other. With HoneycombERP®, the Performance Evaluation & Career Development is a process which follows the listed phases:
Internal / External Training Courses
While talent development is reserved for the top management it is becoming increasingly clear that career development is necessary for the retention of any employee, no matter what their level in the company. Research has shown that some type of career path is necessary for job satisfaction and hence job retention. HoneycombERP® manages the important aspect by allowing managers to plan and create / update training courses both internal and external. Additionally the managers have the option of deprecating a course that is no longer pertinent or fruitful for the organization.
Employee’s Training Need assessment
The purpose of a training needs assessment is to identify performance requirements or needs within an organization in order to help direct resources to the areas of greatest need, those that closely relate to fulfilling the organizational goals and objectives, improving productivity and providing quality products and services. There are three levels of needs assessment: organizational analysis, task analysis and individual analysis. All three levels of needs analysis are interrelated and the data collected from each level is critical to a thorough and effective needs assessment. Based on this information, the training manager can develop the instructional objectives for the training and development program.
Training Course’s Waiting List
HoneycombERP® maintains waiting lists of individuals against each course and course attendees are finalized in accordance to the waiting list. Priorities can be assigned to candidates keeping in view their previous performances and availability status. Waiting list is helpful in determining how many trainers and sessions are required to fulfill the needs.
Employee Training Assignments and Score Cards
During the training program, proper assignments are given which are later assessed and scored. Each activity is logged properly by HoneycombERP®. Assignments and exams for each individual taking the training are maintained and graded. Final scores determine whether or not an individual has successfully completed the training. Pass percentage is also configurable in accordance to the company policy.
Training Budget & Expense Management
When designing a training program, it’s critical to determine a reasonable budget and then to convince management it’s worth spending the money. Each business management is keen to know the return on investment made for the training program. Developing a training budget that can demonstrate to senior management a good return on investment (ROI) is a big task. HoneycombERP® on the basis of simple input, ease up the task by auto calculating the expenses and the tentative budget. During the course of the program also, these expenses are maintained and fully integrated with the finance module.
Employee’s Potential Employment Recommendations
A high-potential employee is an employee who has been identified as having the potential, ability and aspiration for successive leadership positions within the company. Often, these employees are provided with focused development as part of a succession plan and are referred to as “HiPo.” Based on the assessments done, HoneycombERP® recommends selected individuals for key positions and maintains a sufficient pool of high end professionals to fulfil any gaps whenever and wherever created.
Training and Assessment Reports & Records
Detailed and through reporting widgets paint precise picture of the company’s workforce, their skill level and upcoming requirements. Each segment of the HoneycombERP® Training and Career Development module provides reports that allow managers to assess individuals from different perspectives. Readily available accurate and up to date information is a key factor in deciding the right person for the right position and HoneycombERP® provides all that on a click, resolving much of management’s worries.