Which strategic training and development initiatives do you

Which strategic training and development initiatives do you think all companies should support regardless of economic conditions? Why?

Solution

Strategic training and development initiatives refers to the efforts taken by an organisation to increase the productivity, knowledge and skills of their employees. For the growth of an organisation, owner of a firm spends much on the continual improvement of employee\'s skills and productivity through training. It results in long-run growth of the firm.

Training and development plays very crucial role towards the growth and success for a business to ensure that our employees are equipped with the right kind of skills, knowledge and abilities to perform their assigned tasks. A company can ensure that our employees possess the right skills for our business and the same need to be continuously updated in the follow up for the best in future, by choosing the right type of training. These training and development programs are designed to help employees to learn in a stimulating environment and gain knowledge in their field to become future leaders.

Strategic training and development initiatives which all companies should support regardless of economic conditions are:

1. Growing the core business : All companies should provide training to their employees about the understanding of company\'s core business and how the company develop himself in such competitive world. In this training, companies have to show which policies are adopted by the firm in past years and what results they get in return for their actions.

2. Welcoming New Ideas : All companies should welcome the ideas of their employees. They have to use the knowledge and skills of a person in a best possible manner. In training, companies have to provide option to employees to give their view point about the policies and actions they have taken recently or in past years. If any employee want to introduce something new then directors have to think about it and try to update it, if provided idea benefits the firm.

3. Improvement of skills : All companies should provide option to their employees so that they can search new ideas and improve their knowledge about the firm and provide various new techniques and methods to business which helps it to grow.

4. Dynamic in Nature : Companies must have to provide training to their employees to adapt themselves in all changing environment. Since, environment in which we are living is very dynamic so employees should adjust itself in best possible manner and difficult conditions will also get change with time so there is not need to panic.

5. Overall goal of Company : The training program provided by firms should relate not only to the specific needs of the company and individual assessments, but also to the overall goals of the company. Since training employees is expensive, a small business needs to give careful consideration to the question of which employees to train. This decision should be based on the ability of the employee to learn the material and the likelihood that they will be motivated by the training experience.