This topic covers the importance of training the workforce and the various types of training undertaken by businesses to improve employee performance and s
Topic Synopsis
This topic covers the importance of training the workforce and the various types of training undertaken by businesses to improve employee performance and skills.
Key Concepts & Core Principles
- On-the-job training: Training that occurs in the workplace, e.g., coaching, mentoring, job rotation. It is cost-effective and practical but may lack new perspectives.
- Off-the-job training: Training that takes place away from the workplace, e.g., external courses, college, online learning. It can bring new ideas and qualifications but is often more expensive.
- Induction training: A specific type of training given to new employees to help them settle into their role and understand the business's policies, culture, and procedures.
- Costs and benefits of training: Costs include fees, materials, lost productivity during training; benefits include improved productivity, quality, motivation, and reduced turnover.
- Training and motivation: Training can increase employee motivation by showing investment in their development, leading to higher job satisfaction and retention.
Exam Tips & Revision Strategies
- Be prepared to explain why a business might choose one type of training over another in a given scenario.
- Consider the impact of training on business objectives such as productivity, quality, and staff retention.
Examiner Marking Points
- Importance of training the workforce
- Types of training undertaken by businesses