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Sommerville added that there is cyclical process where each step informs the next shown
below.
Source:https://acornlms.com/wp-content/uploads/2022/06/strategic-training-development-process-steps-1024x776.png
1. Define strategic initiatives- Content, customer, and predictive analytics are business
functions. Leadership, cooperation, and decision-making skills can also boost profits. Just
consider job performance to make these initiatives.
2. Skills Gap Analysis- You need KPIs for your project no matter what it is. Key
performance indicators (KPIs) are what turn strategic training into an adaptive,
continuous cycle and, well, strategic. To get started, it's important to rank capabilities in
order of importance, bearing in mind how each one will affect the achievement of your
organization's long-term objectives. The key is efficiency.
3. Personalise activities - Whatever strategy that is implemented for employees should be
applicable to their day-to-day work, and the training method should support this
application. For the training to be engaging for employees in the short term, it must be
easily accessible, up to date, and pertinent despite the fact that we are thinking about the
long term.
4. Analyse impact - It is at this point in the procedure that the cycle is completed. It is also
where you illustrate the return on investment (ROI) of training, making sure that the
value of the organization is easy to explain because you are not making assumptions,
training has a genuine influence on employees' day-to-day work, and learning outcomes
are relieving pain points in the business.
Therefore, Training and development are never something that should be created
strictly in order to benefit from them. When training is aligned with business strategy, it
implies that employees are building capabilities that are essential to the sustainability of
the organization. This allows people to enhance their skill sets while simultaneously
driving competitive advantage. You may improve job performance as well as company
performance by providing opportunities for practical training and development,
provided, of course, that you regularly evaluate your strategies in order to keep up with
the rapidly changing nature of the modern business environment.
According to Rudnicka there are some tips on how to build a sturdy, adaptable
and efficient training plan for a new employee across all ranks.
It is arguable, and not without justification, that employees are a company's most valuable
asset; hence, investing in their professional growth and advancement is essential to ensuring the
continued expansion and success of the organization. When one considers the time-consuming
processes that firms go through in order to recruit and hire qualified staff, this commitment
makes perfect sense. However, after an employee is employed, the focus on caring for their
professional development typically shifts away from the employer and toward the employee.
According to Hayes A. (2022), The term “performance appraisal” refers to the regular
review of an employee’s job performance and overall contribution to a company. Also known as
an annual review, performance review or evaluation, or employee appraisal, a performance
appraisal evaluates an employee’s skills, achievements, and growth, or lack thereof.
Performance appraisals are usually designed by human resources (HR) departments as a
way for employees to develop in their careers. They provide individuals with feedback on their
job performance, ensuring that employees are managing and meeting the goals expected of them
and giving them guidance on how to reach those goals if they fall short.
According to Terra J.(2022), Performance appraisals can be broken down into four distinct
significant types:
The 360-Degree Appraisal: The manager gathers information on the employee’s
performance, typically by questionnaire, from supervisors, co-workers, group members,
and self-assessment.
Negotiated Appraisal: This type of appraisal uses a mediator to help evaluate the
employee’s performance, with a greater emphasis on the better parts of the employee’s
performance.
Peer Assessment: The team members, workgroup, and co-workers are responsible for
rating the employee’s performance.
Self-Assessment: The employees rate themselves in categories such as work behavior,
attitude, and job performance.
Performance assessments are necessary for businesses to ensure that all of their
employees are working in the appropriate departments and performing the duties that were
advertised for them and that they are being paid appropriately. Also, effective performance
reviews can assist boost productivity and contribute to cost savings.Frequent performance
reviews not only assist ensure that credit is given where it is due, but they also contribute to
maintaining a positive mood among employees.
According to Capital Hub (2020), Research and case studies done by various institutes
organizations & firms reveal the following as some of the key reasons for the failure of
performance appraisal systems in many organizations:
1. Manager’s judgment or assessment based on preferences
2. Unstructured methods of performance appraisal systems
3. Lack of interest and ownership of the manager
4. Lack of a proper channel of communication
5. Lack of reward and recognition policy
6. Lack of leadership
7. Lack of designing, monitoring, and measuring the performance appraisal standards
8. Goals aren’t in the picture
9. Lack of communication
10. Overemphasizing recent performances
11. Annual performance evaluation
12. No recognition/ rewards
13. Potential rating scale appraisal problems
Making an investment in training can provide tremendously beneficial results for the
entirety of a company, including the clients and consumers it serves. When viewed through the
lens of performance management, training offers a number of advantages, including a reduction
in employee turnover, an increase in staff productivity, an increase in customer satisfaction, and
an increase in revenues.
Hence, according to Shaw J. (2019), Companies can reap the rewards of providing
training for their employees because well-trained workers help increase productivity and profits.
Investing in employee training should improve worker retention rates, customer satisfaction and
creativity for new product ideas. Effective training saves labor by reducing time spent on
problem-solving and saves money in the long run by producing a better workforce.
REFERNCES
Sommerville, A. (2022, October 24). The Key to Success: Strategic Training & Development |
Acorn. Acorn LMS. https://acornlms.com/enterprise-learning-management/strategic-
training-and-development
Rudnicka M. (2021, July 8)Training and Development Strategy. EdApp Microlearning Blog.
https://www.edapp.com/blog/training-and-development-strategy/
5 Benefits of Training and Development | Ottawa University. (2021, January 12). 5 Benefits of
Training and Development | Ottawa University. https://www.ottawa.edu/online-and-
evening/blog/january-2021/5-benefits-of-training-and-development#:~:text=Training
%20and%20development%20helps%20companies,and%2017%20percent%20higher
%20productivity.
Hayes A. (2022, October 23). Performance Appraisals in the Workplace: Use, Types,
Criticisms. Investopedia. https://www.investopedia.com/what-is-a-performance-appraisal-
4586834
Mayhew. (2019, February 12). Purpose of Performance Appraisal Systems. CHRON. Retrieved
March 3, 2023, from https://smallbusiness.chron.com/purpose-performance-appraisal-
systems-1921.html
Terra J.(2022, June 21). What is a Performance Appraisal? Methods, Process, and Everything
You Should Know. Simplilearn.com. Retrieved March 3, 2023, from
https://www.simplilearn.com/what-is-performance-appraisal-methods-process-article
Capital Hub, T. H. (2020, March 11). 13 Reasons Why Performance Appraisals Fail. Human
Capital Hub. https://thehumancapitalhub.com/articles/13-Reasons-Why-Performance-
Appraisals-Fail
Shaw, J. (2019, March 9). Effects of Training on Employee Performance. Small Business -
Chron.com. Retrieved March 3, 2023, from https://smallbusiness.chron.com/effects-
training-employee-performance-39737.html