Importance Of Training For Stakeholders

Training, talent and knowledge are all necessities in a successful business. It is important for stakeholders and management to measure how effective rather than efficient training is. It is more important for team members to understand the information rather than train large numbers. This can be seen in the HR classroom. For example there are around 30 students with one lecturer, if this were to decrease by 50% to 15 students, would that mean that these 15 students got 50% more attention.

Stakeholders can be involved in many different projects at a given time. It is important that stakeholders have the necessary training in the delegation of tasks and has the ability to interact with others.

CEO’s understand that in order to succeed in a market they must have an excellent team. Markets are getting more difficult and many consumers are more demanding and looking for more value for money. Team members must have the knowledge of how to do the job and what their career progression path is to look like. According to Performance Pipeline : Getting the Right Performance at Every Level of Leadership page 51 it is essential that CEO’s plan for the future by:

• Examine requirements for the short, medium and long term

• Focus on challenges that could/may not affect the organisation as a whole

• Install a performance management system that measures growth

• Attract new talent

• Listen to the organisation and take suggestions from front line staff

Team members must know where they stand within an organisation. Nowadays it is about personal progression rather than company progression. People rarely stay in the same job for 40 years. This is why it is important to facilitate progression, involve staff in decision making and promote an engaged ...

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...ckage for an employee. Training allows employers to locate a wider range of people with the kind of outlook that matches the company mission statement. The other advantage employers should remember is that training results in an improved retention rate. Employees are more loyal to companies that value their growth and want to cultivate it. If an employee thinks a company values him or her, that sentiment will go into whatever the employee is designing, selling, manufacturing, etc. Cheap training will result in cheap quality. Excellent training programs emphasize a correlation between personal development and career growth. Improving employee skills is not only about improving skills related to their work, but also improving skills related to their character. A person with average field skills, but with excellent communication skills is an asset to a company.