Division of Work: Topic 1 Elearning Importance
Division of Work: Topic 1 Elearning Importance
Points to use
Main points
There are many definitions of the term "management". At any stage of development,
we have to deal with the management of various types - technological, financial,
corporate, functional, etc.
HRM is an area of knowledge and practical activities designed to ensure the
organization or company of qualified personnel capable to perform well in its job
functions. HRM is an integral part of the quality management systems of an
organization.
HR strategy
GWC is a forward-looking company. It wants its people and leaders to be:
• passionate about achieving the company’s goals
• developing new skills and expertise to ensure the highest
standards are maintained
• recognised and celebrated for their achievements
• creative and innovative in how they work.
Training and development are essential in providing employees with the right skills
for their present and future jobs. The world today is constantly evolving, with
customers demanding more, which in turn adds pressure to companies and their
employees. Therefore, in times of recessions, decreasing the budgets of training
programs is a way for companies in all industries to manage and minimize their
financial losses.
The purpose of this paper is to identify the different techniques that the HR manager
could use to maintain the training and development of their employees during an
economic
recession or limited budget.
49% of the surveyed professionals sited 'Limited Budget' as a major challenge for
L&D.
While the report itself points out that the budget constraints are mostly due to lack
of evidence when it comes to returns, it also mentions that demonstrating value is
often a tough nut to crack.
But, budget cuts do not have to hinder the Learning and Development process
always. Take for instance cloud -hosted, SaaS Learning Management Systems that
come with flexible pricing models like Pay As You Go, that not just charge as per
the actual usage/ users but also allow lower per user cost for higher commitments
and fit well for organizations with small pockets. Further, free technical support and
free upgrades that are a part of most good Learning Management Systems ensure
that the learning/training happens smoothly with little or no time and effort
investment towards the Learning Management System's maintenance. The trick
however is to find the right vendor that ticks all these boxes.
strategic HR inc.’s HRD experts can customize the training and development
programs that you need to ensure your employees are equipped to achieve optimal
performance both today and tomorrow.
Opportunities for E-Learning in the Banking Industry