What is one concept that stood out to you in this article? One concept that stood out to me in this article is that the demand for new hire training is essential to growing companies, but more and more companies are looking to export or even get rid of training in some instances all together. “Most major investment banks outsource a chunk of their new employee training to a company called Training The Street, which runs two- to two-and-a-half-week programs emphasizing financial skills (Vanderkam)”. I find it interesting that companies would outsource this interpersonal skill of finding out the weaknesses with potential new hires. I feel that if current employees were to train and interact with the potential new hires it could lead to team building, the company could then get feedback from employees that know the everyday challenges that the job offers. Not to mention finding out the personality of the new hire, (personable, sociable, easy to work with, etc.) is essential in the work place.
What implications does this have for managing your life or managing at work? Speaking first hand from managing at work I have to deal with a great deal of new hires, or potential new hires. Knowing you can hire someone who is trustworthy, responsible, and diligent are all important tools to hiring employees. If some of these crucial steps are being overlooked, then the quality of the employee is going to suffer. The article stated that many new employees tend to leave quickly, “With young people likely to switch jobs frequently…. (Vanderkam). If in-house training were to be done, better reviews and character reviews could be conducted in a real work environment. Trainers and trainees interact seamlessly, character traits are bound to come out.
What needs to change in your life as a result? After reading this article, I feel that as a Human Resources Manager I should look into sending new employees out to be trained by outside companies (outsourcing). This may be more beneficial as a whole since we are not taking away from current employees. Employees are a company’s greatest asset. Therefore, if we were to consider exploring the alternative of outsourcing training needs, it may result in better business strategies and productivity goals.
Works Cited
Vanderkam, Laura. "Is It worth It to Train New Employees?" Fortune Management Career Blog RSS. Laura Vanderkam, 20 May 2013. Web. 10 Sept. 2013. .
Cited: Vanderkam, Laura. "Is It worth It to Train New Employees?" Fortune Management Career Blog RSS. Laura Vanderkam, 20 May 2013. Web. 10 Sept. 2013. .
You May Also Find These Documents Helpful
-
Noe, Raymond A (2010). Employee Training and Development. New York, NY, USA. McGraw-Hill Companies, Inc.…
- 2236 Words
- 9 Pages
Powerful Essays -
Smith, A. and A. Billett (2005), “Getting employers to spend more on training” Retrieved January 26, 2012…
- 3370 Words
- 14 Pages
Powerful Essays -
Adequate training is the process for employees to learn new things and acquire the capabilities to perform their jobs and it is an essential part of any successful business. This training is directly linked to an employee’s performance and retention. Without proper training, employees will not reach their full potential and high levels of productivity will likely not be achieved.…
- 2281 Words
- 8 Pages
Powerful Essays -
When a company spends extra money on developing their employees, they should see many benefits. One of these benefits being a significant drop in turnover rates. Employee development is a combination of education, work experience, work relationships, and an assessment of personality and their abilities to prepare for future careers (Noe, 2013). The development of employees benefits the employees through training, for new employees it should prepare them for the position they are about to fill. However, ongoing training should help the employee develop new skills to help in their current position as well as build knowledge for their future, even if it won’t be with the current employer. In the end the customer or consumer is benefited by having the same employees help them every time they have contact with the business. For example according to the article, “customers are more satisfied and loyal; because they prefer having the same people clean their homes each time.” (Stern, 2010). This is how you want your consumers to feel, loyal and satisfied.…
- 661 Words
- 3 Pages
Good Essays -
Noe, Raymond. 2002. Employee Training and Development 2nd Edition. New York, New York: McGraw-Hill Irwin.…
- 2766 Words
- 12 Pages
Powerful Essays -
I do believe that the company will have to modify its train the trainer approach slightly. I think they will need to have employees that are in charge of training as their job. Instead of having employees (managers) that train new employees, they will have people specifically in charge of training new employees as well as designing the training program to deliver to them. These people that are in charge of training should be employees that used to be managers with the organization or subject matter experts. This will allow for the train the trainer method to occur as well as not taking time away from managers to fully train employees.…
- 314 Words
- 1 Page
Satisfactory Essays -
Training is essential when hiring new people to an organization. Training refers to the methods employers use to give new or present employees the skills they need to perform their jobs. Training is one of the most profitable investments an organization can make. No matter what business or industry you are in the steps for an effective training process are the same and may be adapted anywhere.…
- 990 Words
- 4 Pages
Better Essays -
According to Haller (2012) “Effective training also contributes to your employee retention, especially if these individuals learn what they really need to be successful in their jobs and if they earn rewards for their new knowledge”. Human resources use numerous techniques to ensure training is effective and development is imminent. The training consists of learning it, showing what was learned, proving that the individual can do the task on their own, and lastly earning it which ends in development (Haller, 2012).…
- 567 Words
- 3 Pages
Satisfactory Essays -
Morris, L. (2009). Getting your money 's worth from training & development. Journal of Applied Management and Entrepreneurship, 14(3), 105-107. Retrieved from http://search.proquest.com/docview/203905220?accountid=8065…
- 2446 Words
- 10 Pages
Better Essays -
SUBWAY® Sandwich Inefficiency in working Staff Prepared By Harpreet Brar Subway Supervisor CMNS 1140(S50) 30 November 2014 Prepared For Cynthia Hemmer Director of Operations SUBWAY® Sandwich Table of Contents Inefficiency in working staff. 1 Memo 3 Executive summary 4 Purpose of the proposal 4 Recommendations 4 Introduction 5 A brief history 5 Some problems 5 Complaints at Subway 7 Subway Rating 8 Conclusion 9 Recommendations 10 References 12 Figures Top immigrant languages in Greater Vancouver…………………………………………….7…
- 2767 Words
- 12 Pages
Satisfactory Essays -
Training will most definitely help these managers understand a good approach to handling employee teams and to help them understand the machinery.…
- 342 Words
- 2 Pages
Satisfactory Essays -
To protect competitivenes has been gotten hard with globalization. Because of this reason, companies give big importance to training programs. Because they know that employees are backbone of their company and can help companies compatitiveness a lot.…
- 879 Words
- 4 Pages
Good Essays -
Chapter Summary • Training and development can lead to higher employee productivity, talent retention, and the creation of a sustainable human-based competitive advantage. These benefits often outweigh the costs of training and justify training investments, even during difficult economic times. • The stages of the training process include training needs assessment, design, development, delivery, and evaluation. • In order for training to contribute to an organization’s strategic goals, it should be based on those goals and should be evaluated against those goals. Trainee reactions, learning, behavioral change, and individual and organizational performance outcomes should all be considered.…
- 11414 Words
- 46 Pages
Powerful Essays -
As a leader in the manufacture of plastic injection molding, Riordan Manufacturing (henceforth referred to as the company) corporate location is based in San Jose, CA. The company has made acquisitions in three other locations in the United States and one in The Peoples Republic of China. During the acquisition process the company did not plan for the integration of the separate human resources systems used by the acquired company 's. The corporate Human Resource Information System (HRIS) at Riordan Manufacturing was installed in 1992 (Riordan, 2004). The HRIS at the company needs to be brought up-to-date. In bringing the companies HR system up to industry standards; their data will be in a single location for easy access. In order for the system to meet company needs input from the HRIS primary users, executives (for final approval), managers and IT will need to be gathered to propose a new system design. The service request SR-rm-004 is for an analysis to integrate a state-of-the art, information systems technology for the Human Resources department.…
- 1715 Words
- 7 Pages
Powerful Essays -
According to a report form BMF, large companies have increased their investment on training employees. This increase compared with year 2004 (2005,2004) is 4 percent, 2005 $1,424 per employee. But here comes a question such large money put into IT does it really help the groups to training and develop their employees? And this does really use properly?…
- 1774 Words
- 8 Pages
Powerful Essays