New in Stock - Preliminary Exam Business Report Samples (Band 6 Exemplar)
Process of enhancing the skills of employees through training, mentoring, coaching and performance management.
This is focused upon retention of employees through increased satisfaction and the continued improvement in performance; resulting in increases firm customer service, higher revenues and higher profitability. Employee motivation / skills leads to higher performance.
Induction: Initial training / orientation for new recruit where information on practices, processes, work culture, location, code of conduct, expectations are provided.
Training: Enhance attitudes and performance; adapt workforce to changing business conditions to ensure retain competitive edge (market share, revenue, profit)
Organisational Development: Altering systems and hierarchies to improve employee autonomy and retain talented staff. Provide learning opportunities and targeted delegation of responsibility to identified future leaders.
Mentoring: Establishing systems to pair younger employees with more experienced (usually higher in firm) to transfer knowledge and advice on career growth; typically focused more on a personal relationship, increases loyalty to firm.
Coaching: Establishing systems to ensure lower skilled workers can improve their skills and performance in specific work roles; typically focused on the transferral of set skills in a more impersonal relationship within the firm.
Performance appraisals: The systematic process of analysing and evaluating employee performance against operational KPI / sales performance for strengths and weaknesses. This provides clear directions in terms for training and development for staff.