Cost Benefit Analysis Of Training

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Training can be described as “the acquisition of skills, concepts or attitudes that result in improved performance within the job environment”. Training analysis looks at each aspect of an operational domain so that the initial skills, concepts and attitudes of the human elements of a system can be effectively identified and appropriate training can be specified. Training analysis as a process often covers:  Review of current training  Task analysis (of new or modified system)  Identification of training gap  Statement of training requirement  Assessment of training options  Cost benefit analysis of training options Training Analysis is most often used as part of the system development process. Due to the close tie between the design…show more content…
It is referred as applying principally to the improvement of skills and hence to learning how to perform specific tasks.” Yoder “Training is being defined as an act of increasing the knowledge and skill of an employee for doing a particular job. It is concerned with imparting specific skills for particular purposes. Training is aimed at learning a skill by a prescribed method of application of a technique.” Tripth “Training is the formal procedure which a company utilizes to facilitate learning so that the resultant behavior contributes to the attainment of the company’s goals and objectives.” Mc Ghee and Thayer upon reviewing the variety of definition of training available, the following characteristics can be listed as key elements for effective training: • Effective training is the learning experience. • Effective training is a planned organizational…show more content…
Societal Objectives – Ensure that an organization is ethically and socially responsible to the needs and challenges of the society. IMPORTANCE OF TRAINING: 1. Optimum Utilization of Human Resources – Training helps in optimizing the utilization of human resource that further helps the employee to achieve the organizational goals as well as their individual goals. 2. Development of Human Resources – Training helps to provide an opportunity and broad structure for the development of human resources’ technical and behavioral skills in an organization. It also helps the employees in attaining personal growth. 3. Productivity – Training helps in increasing the productivity of the employees that helps the organization further to achieve its long-term goal. 4. Team spirit – Training helps in inculcating the sense of team work, team spirit, and inter-team collaborations. It helps in inculcating the zeal to learn within the employees. 5. Organization Culture – Training helps to develop and improve the organizational health culture and effectiveness. It helps in creating the learning culture within the

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