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Importance of Learning & Development of the employees in private sector organization mmm muzamil

AHRP (SL), ACPM (SL), MBA in HRM (UOC) AMIPM (SL) PGD in HRM (UOC), EDHRM (UOC), Dip. In HRM (IPMA-UK), CMA Aus (R) en AMANA BANK PLC
25 de Apr de 2015
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization   mmm muzamil
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Importance of Learning & Development of the employees in private sector organization mmm muzamil

  1. Extended Essay - Report 1 IMPORTANCE OF LEARNING AND DEVELOPMENT OF THE EMPLOYEES IN PRIVATE SECTOR ORGANIZATION MMM MUZAMIL EDHRM /02/19 INSTITUTE OF HUMAN RESOURCE ADVANCEMENT MAY 2013
  2. Extended Essay - Report 2 Importance of learning and development of the employees in the private sector organization An Extended Essay submitted to the Institute of Human Resource Advancement of University of Colombo, in partial fulfillment of the Executive Diploma in Human Resource Management.
  3. Extended Essay - Report 3 Recommendation of the Supervisor Name of the Candidate : Mr.MMM Muzamil Exam index number : EDHRM/02/19 Topic : Importance of learning & development of the employees in private sector organization I hereby certify that this extended essay was prepared under my supervision and this is in a suitable nature to be accepted as a partial fulfillment of the requirement for the Executive Diploma in Human Resource Management. ………………………………. ………………….. Mr VNP Liyanage Date Institute of Human Resource Advancement University of Colombo
  4. Extended Essay - Report 4 Declaration I hereby declare that this extended essay has been compiled by me and this is a true record of my work. I declare that this work has not been previously submitted for a higher degree of this university or other university/institution. ………………………………. ………………….. MMM Muzamil Date EDHRM/02/19 Institute of Human Resource Advancement
  5. Extended Essay - Report 5 ACKNOWLEDGEMENT I would like to thank the Management of British College of Education for giving permission to do this study in their establishment origin and a detailed timeline HR Manager for his extensive support and helpful for my Essay. I would like to thank my Supervisor Mr VNP Liyanage, IHRA, University of Colombo for helping me out with the title of this Extended essay as well as giving me the possibility to actually do it. I would also like to thank him for being a good, supportive, and helpful supervisor.
  6. Extended Essay - Report 6 Contents Page No. Cover page 01 Recommendation of the Supervisor 03 Declaration 04 Acknowledgement 05 Introduction / Abstract 07 Sample organizational Background 11 Analysis and Results 18 Conclusion 33 References 35
  7. Extended Essay - Report 7 Chapter 01 Introduction to the Research 1.1 Introduction: Identification of learning need is important from both the organizational point of view (employer) as well as from the individual point of view (employee) to improve their work productivity. Why Learning is important to employer? Every organization has its objectives that it wants to achieve for the benefit of all stakeholders / members including owners, employees, customers, suppliers and neighbors. These objectives can achieve only through maximizing the abilities of its people, releasing potential and maximizing opportunities for development. Therefore, people must know what they need to learn in order to achieve organizational goals. Why Learning is important to employee? People have aspiration, they want to develop and in order to learn and use new abilities. People need appropriate (suitable) opportunities, resources and conditions. Therefore, to meet people aspirations, the organization must provide effective and attractive learning resources and conditions. Also important to make sure that there is a suitable match between achieving organizational goals and providing attractive learning opportunities in order emphasize the importance of learning, this can be focus on the following,  To pinpoint if learning will make a difference in productivity in the bottom line of employees.  To decide what especially each employment and what will improve his / her job performance.  To differentiate between the need of learn / organization issues. To pinpoint if learning / training will make a difference in productivity and the bottom line of the employees.  To decide what type of learning each employee needs and what will improve his or her job performance.  To differentiate between the need for learning and organizational issues and bring about a match between individual aspirations and organizational goals.
  8. Extended Essay - Report 8 1.2 Research problem Every organization success depends on the productivity of the organization, especially considering in private sector the management will keeps eye on every individual performance of the employees of the organization, the learning & development of the employees plays a vital role of the organizational success as well as this will effect on labor turnover of the organization as well. How the learning & development plays the success role 1) With the mature skills will lead in to high productivity of the organization. 2) Identify and develop the potential within staff, 3) To build existing skill level, prepare staff to take on greater responsibility during their career. 4) Career development has to balance the needs and aspirations of the individual with the needs of the service - where these conflicts, the needs of the service should prevail. 5) Easily can face the competition in the market specially in private sector. 6) Leading to survival in the market and success. 7) Without the mature skills of employees will lead to a lower productivity of the organization.
  9. Extended Essay - Report 9 1.3 Objective of the study Learning Learning is concerned with imparting developing specific skills for a particular purpose. Learning is the act of increasing the skills of employees for doing a particular job. Learning is the process of knowing a sequence of programmed behavior. In earlier practice, training programme focused more on preparation for improved performance in particular job. Most of the trainees used to be from operative levels like IT instructors, Assistant lecturers and other kinds of skilled workers. When the problems of supervision increased, the steps were taken to trained coordinators / Academic in charge for better supervision and performance. Development Management development is all those activities and programme when recognized and controlled have considerable influence in changing the capacity of the individual to perform his / her assignment better and in going so all likely to increase his potential for future assignments. As a result, management development is a combination of various training programme, though some kind of training is necessary, it is the overall development of the competency of managerial personal in the light of the present requirement as well as the future requirement. Development an activity designed to improve the performance of existing managers and to provide for a planned growth of managers to meet future organizational requirements is we believe management development. The objective of the study is to, 1) Lay down the foundation of learning and development. 2) To improve the current process of employees learning and development. 3) Gain significant practical; understand the nature and importance of training and development to identify the various inputs that should go into any programme. 4) Define the different stages in a learning and development programme and describe steps. 5) Understand the need for and the ways of training for international assignments.
  10. Extended Essay - Report 10 1.5 Research method The Research Methodology followed for further work can be classifying into two categories: 1) Primary Study 2) Secondary Study Sampling methodology: Initially a rough draft was prepared keeping in mind the objective of the research. A pilot study has done in order to know accuracy. This was decided only after the discussion with my supervisor. Thus, my sampling came out to be judgmental and continent. Sample size for this study is 63 The interview with some of the employees has done by asking some general questions. I encourage them to talk free. (Interview) Experience surveys also conduct with Assistant-Manager Human Resources and the General Manager and Personnel Officer of British College of Education to gain knowledge about the nature of Learning and development process followed in the organization. Why the secondary data is important: - It is use in the collection of primary data. - Cheap & easiest means of access information - This data may provide enough information to resolve problem being investigated. - This can be valuable source for new ideas.
  11. Extended Essay - Report 11 CHAPTER 02 Sample organizational background Company profile: BCE in detail British College of Education, established in July 2008, the institution registered under Tertiary and Vocational Education Commission (TVEC) – Ministry of Youth affairs and Skills development under P09/0145. Approved by British Council for Student Registration Centre, CITY & GUILDS Examination centre & LCCI Approved Training Centre and it is walking on a successful way by producing effective students towards the society. The British College of Education located in 585, Peradeniya Road, Kandy. BCE have branches at Colombo and Trincomale; it has developed a lot and conducting varieties of programs to make perfect students. Apart from this with over 168 Hardworking people working together to produce effective students through British College of Education, and they were working hard to bring out the hidden talents of the students, and we proudly say that we are having literary programs by English language lecturers panel to bring out the skills of their students. When concern of the courses of BCE, which are flexible enough to anyone who loves to learn English or IT or Management and they could study as full time, part time and weekend. We are happy to say that we have students from all part of Sri Lanka. We offer Spoken English courses collaborated with City and Guild, which is an International English qualification designed for those who need English for work, study, travel, or teaching. City & Guilds certificate has higher demand at the job market, and they provide many kinds of computer courses such as MS-Office, Diploma in Multimedia, Programming, web designing, AUTO CAD, Computer Studies, Graphic Designing, Web Development, Computerized Accounting and Computer Science also offer IELTS. BCE gives a valuable opportunity to get their external degree of South Eastern university of Sri Lanka. Experienced panel of lecturers offers BBA, B.Com, and BA courses here from South Eastern university of Sri Lanka. We also were offering variety of Teacher training programmes with teaching practices. This is for the students who are willing to be an ideal teacher by profession in future. Professionally qualified lecturers are training them.
  12. Extended Essay - Report 12 Currently they used to have Business Orientation and Access Programme, LCCI International Qualifications such as diploma in Marketing, Diploma in Travel & Tourism, Diploma in English and CAD & Building Studies (CAD & BS). This will be more helpful to the students who are studying at BCE to be an effective employer. It is clear that if a person is capable enough of communication in English and knowledge in IT will have a prominent place in the society and we assure that they could have a fine job. This is what we give through our institution British College of Education. It is open all seven days and we work hard to make our students successful. Organizational Hierarchy Employment Table (Sample for the research): Department Position No of Employees Administration General Manager 01 Manager 03 Asst. Manager 03 Executives 10 Academic Operation Lecturers 17 Asst. Lecturers 13 Instructors 11 Non – Academic Operation Office Assistant 03 Security 02 Chairman Manager – Marketing / Business Development Manager - HR Manager – Finance & Admin HR ExecutiveAsst. Manager -Mkt / Business Development Asst. Manager – Finance & Admin General Manager Executives Executives
  13. Extended Essay - Report 13 Employment Summary (participate in the survey): Category No of Employees Administration 03 Academic 41 Non – Academic 03 Marketing 10 Management 04 Security services 02 Total 63 Above is illustarted in the following Chart ( figure 1) This servey conducted among the all employees of the organization. All the staff members has been participated for the above survey as sample for the reaserch. The majority of Staff Members are academic employees (41) , Marketing (10) , Management (4) , Administration and Non-Academic (3) and Securty service (2). Summary of the servey based on given questionnaire ( Sample of the questionnaire) Training & Development Questionnaire
  14. Extended Essay - Report 14 This questionnaire distributed for collecting data, for a study conducted as a partial fulfillment of Executive Diploma in Human Resource Management (IHRA – University of Colombo) Course. This study, “Importance of Learning & Development of employees of an organization” requires the knowledge gathered using this questionnaire. I assure the confidentiality of your information and use the data / information only for studying purposes. Name : ……………………………………………………………………………… Profession : ………………………………………………………………………………. Job Category : Administration Academic Non- Academic Marketing Management Security Technical Other ……………… ------------------------------------------------------------------------------------------------------------------------- 01) Age Group : 20 -30 31 -40 41 -50 > 50 02) What are the current responsibilities and duties that your job involves? a) Working with administration team. b) Conducting Lecturers. c) Coordinating with academic duties. d) Supporting in the office operation e) Work related to marketing f) Related with Management activities 03) What is / are the prime skill(s), make you more meaningful with your current job? a) Leadership skills / qualities b) Communication Skills c) Strategic decision making skills d) Marketing Skills e)Appearance / build f) Charismatic power g)Risk bearing ability h) Good communicator
  15. Extended Essay - Report 15 04) What would you consider to be your area of expertise and your particular skill set that distinguishes you from your colleagues? a) Computer Skills b) Communication Skills c)Interpersonal skills d) Marketing Skills e)Strategic Management Skills f) Outgoing personality h) Good presentation Skills I) Speaking & language skills 05) Are you satisfied with your current job? a) Yes b) No 06) Describe the tasks you regularly perform that are critical to carrying out your job effectively …………………………………………………………………………………………………… ………………………………………………………. …………………………………………………………………………………………………… ………………………………………………………. 07) If you work as part of a team, do you perform the same or different work to members of your team? Yes No If No, Please specify the Reason: …………………………………………………………………………………………………… ……………………………………………………… 08) To perform other jobs in the organization: What training or experience would be required IT Skills Occupational Skills Occupational Health & Safety Personality Development 09) What other roles in the organization would you be interested in doing if a vacancy becomes available? Managerial role Supervisory role Executive role 10) What type of training you still need to perform your current job competently ICT Skills Supervisory Skills English language skills Management Skills
  16. Extended Essay - Report 16 11) Are you working individually or as a team? Team Individual Other specify ………………………… 12) What is your career aspiration? Personality Development Develop the Leadership qualities Professionally Develop Higher Positions / Promotions Progress to next level of employment Demanding career 13) What training or development do you need to help make this happen? Soft skills training Specialized Technical Skills Management Skills Strategic decision making skills ICT Skills Presentation Skills Other……………………………………………………………………………………………. 14) What training or skills you have acquired outside your current job that may be relevant to the educational field? ICT Skills Supervisory Skills English Management Skills 15) Do you believe that your participation in the above any category is helpful for you do perform you job? Yes No specify ………………………………………………………………………………… 16) What are the workshops / training programs / seminars you have attended the past? ……………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………..
  17. Extended Essay - Report 17 17) Do you know any other Learning & Development processes conducted by other institutes, is so listing them? ……………………………………………………………………………………………………………………………………………………………… ………………………………………………………………………………………………………………………………………………………… 18) Do you think is this trainings have been useful for their employees to maximize their efficiency? Yes No 19) Do you believe that Learning & Development programs are useful for the effective utilization in the productivity concern? Yes No 20) What is your strong recommendation about Learning & Development towards organizational and personal development? It’s much needed Not at all No idea Thank you for sharing your valuable time and information.
  18. Extended Essay - Report 18 CHAPTER 03 ANALYSIS & RESULTS According to the first question following chart (figure 2) illustrate the number of employees participate in the survey versus their age group. figure 2 According to the employees current responsibilities and duties (that your job involves) based on the second question following chart (figure 3) illustrate their relevent job & their related responsibilities. figure 3
  19. Extended Essay - Report 19 The above results shows that most of the employees participate in this survey (30) are hold lecturing as their main responsilites , so this essay will be more interesting with their demanding need for the organization as well as the individual learning needs. According to the figure 3 : relate to admninstartion is 6 employees , coordinating academic duties is 9 employees , supporting office operation is 18 employees , department of marketing consists of 23 employees and 6 employees hold management duties and responsibilities. It was found that employees higly believe on their their respective job skill , the following chart (figure 4) illustrate that what is / are the prime skill(s), make employees more meaningful with their current job. figure 4 The above results show that the communication skill of most employees plays a vital role for their current employments , 26% of them are good communicators in their relevent job role (specially the lecturere are good in presentation skills & good listening capabilities) and appearance / build is the postive attitude while security guards are concerned.
  20. Extended Essay - Report 20 The following chart (figure 5) illustrates the set of skills considered by employees that would their area of expertise that distinguishes them from their colleagues. figure 5 The above results show that the communication skills , speaking & language skills of expertise is make most employees sound than others. The outgoing personality and marketing skills are mostly believed expertise skills by marketing staff.
  21. Extended Essay - Report 21 According to the question related to job satisfaction of the employees, the following chart (figure 6) illustrates figure 6 The above results show the all employees of the organization are satisfied about their current job / role , the organization managed to keep happy faces, this will be a good sign for the development of the organisation is concerned. The Seventh question concerns about employees working type and it clarifies whether they work in Team / individually, the following chart (figure 7) illustrates the type of working of the employees in the organization figure 7
  22. Extended Essay - Report 22 With the reference to above chart (figure 7) most of the employees perform their job as a team , this will lead to effective communication and efficient utilization of resources while the productivity of the organization concern. Some believ that they need to know the value of the effective team work , specially office assistants concerns. According to the question eight to perform jobs in the organization “What are training or experience would be required to do their job effectively” , most employee selected the occupational skills are base for their effectiveness in the job. figure 8 The figure 8 illustartes : 1. Need of occupational skills (41%) : this is mostly wanted skills by the employees specialy the lecturers in different caliber , they belive that the continues learning will be key to their success and that very much needed in the survival in their respective field where the competence is concerned. 2. IT Skills (25%) and Persanlty Development Skills (25%) needed by almost half of the employees ( who have participate in this survey) because they lack of knowledge where these two skills concerned. 3. Occupational Health & Safety (9%) : This skill is needful for the some employees of the organization specialy offfice assistants.
  23. Extended Essay - Report 23 The questione based on the future expected career role within the current organization has been concerned.(”What other roles in the organization would you be interested in doing if a vacancy becomes available?) illustrated in the following chart (figure 9) figure 9 It was found (illustrated in the above figure 9) that the most employees in the organization (36%) whiling to work in executive positions where the highly payment & commission scheme is concerned, specially marketing trainees they willing their career prospects relate with expectation in their positions. It is apparent some of the employees (19%) actually they don’t have any idea of this since this is the first job for them, they believe to stay for some time in their current position to gain some learning & personal development skills to move in future with widen their career prospects. The 16% of the employees interest to do managerial role if the vacancy become available, they believe this will be an added advantage for their career prospect is concern further it is inter related with their current job has been concerned.
  24. Extended Essay - Report 24 This chart illustrate (as shown in figure 10) about the skills needed to perform their current respective job competenly by the employees of the organization figure 10 It was found that (illustarted in figure 10) most of the employees (32%) need training in English language skills , much needed skills for the day to day operation and also it is the language interconnected with the effective communication of organization. Supervisory skill training needed by 30% of the employees of the organaization. Specially these skills expected by most executive level employees. They believe these skills will be usefull for them to move their next level of employment. ICT Skills training skills expected by 28% of employees who participate in this servey mostly IT lecturers and instructors. They suggested that continues learning on ICT is important to keep the up to date IT background and it is important to face on demand of the ICT industry.
  25. Extended Essay - Report 25 Following graph, illustrate about the work pattern of the employees in the organization based on the eleventh question. Figure 11 It was found that most of the employees (56) work as a team when the college assign any responsibilities to perform. Specialy in Marketing division & ICT devision employees highly depend on the team work. It was found the team work will be crucial motivation factor among the employees. It is apparend that the team work will give them enough confidence towards assign task. In the past they had archived the given target before the deadline when they worked as team.
  26. Extended Essay - Report 26 The following chart (figure 11) illustrate the career aspiration about the employees of the organization : Figure 11 It was found 22 employees expect promotion as their career aspiration with most included executive level employees personality development placed second among the 19 of the employees who have participate in this survey. They highly depend on their personalty development with organizational culture. Few exacutive level employees expect to develop their leadership skills (8) ,six employees (6) expecting their future progression to next level of employment and expecting a demanding career (2) for their future aspirations.
  27. Extended Essay - Report 27 The following chart (figure 12) illustrate the skills needed for employees career aspiration Figure 12 It is apparent the success career aspiration the employee’s needs trainings for the value addition for their current skills. Most employees who have participated in this survey (30%) they expect management skills are much need for their career aspiration. Most executive level employees included in this category. 24% of the employees believe they need presentation skills to be improved in future in order to reach their career prospective, further, they believe this skills plays a very vital role in their day to day activity of the organization. ICT Staff of the organization expecting specialized technical skills (17%) for their career aspiration, further this will be help full to face ICT challenges and easy understand the innovative new technology. Seventeen percent (17%) of the employees expect soft skills training for their career prospect because their job responsibilities are interconnect with soft skills.
  28. Extended Essay - Report 28 It was found that employees of this organization have acquired outside training or skills for extend their knowledge in their current job. The following charts (figure 13) illustrate: Figure 13 It is apparent most of the employees have acquired English training skills form outside which are mostly relevant to their job, they believe language (specially English ) makes difference and play a important role in their daily operation in their organization, To perform the job with effectively (effective communication) these skills are important, this option has been select by commonly all employment category.
  29. Extended Essay - Report 29 The following chart (figure 14) illustrate the effectiveness & the satisfaction about the training program they attend figure 15 It is found that All employees has been satisfied about the training program they acquired outside the organization and believe they gain the required skills by participating the training / learning session. It has found that all the employees who have partipated in this servey they know the value of the training skills / learning skills are usefull for the employees towards the organizational efficiency is concern. They have good knowledge background about the training session conducted by the outside organization and they start comparing with their current organization learning skills trainings. In the past, all the employees participated in atleast one workshop / training program / seminars organised by the current employer related to their current job, but they expect more learning skills trainings in the future.
  30. Extended Essay - Report 30 The awareness & understanding about the training program among the employees are higly noted in this study, fuether they have good knowledge background about the training session conducted by the outside organization and they start comparing with their current organization learning skills trainings. The following chart (figure16) illustrate the employees unserstanding regarding the importance of learning activities. Figure 16 All the emploees in the organization are believe about the outside training programs conducted for thirtparty in their respective firm, they realizes the value of a training session how this will effect on the worklife of individuals. The understand the importance of the learning activity and how this will help them to achive their individual career goal as well as the organizational corporate career goal as well. Learning and development is a good way to improve the employees / individual knowledge base e.g. apprenticeships. This helps you to understand the job role better opens up possible places for future promotions / job offers and its helps the organization as to be more equipped to do the jobs currently set for employees.
  31. Extended Essay - Report 31 The following chart (figure 17 ) illustrate the employees satisfaction of that Learning & Development programs , and how this will affect on effective utilization in the productivity concern. figure 17 A low-skill, low-productivity, low-wage economy is unsustainable in the long term and is incompatible with poverty reduction. This vicious circle of inadequate education, poor training, low productivity and poor quality jobs and low wages traps the working poor and excludes workers without relevant skills from participating in economic growth and social development in the context of globalization. skills development is an essential factor for achieving the objective of decent work both by increasing the productivity and sustainability of the enterprise and for improving working conditions and the employability of workers. strategy based on improved quality and availability of education and training can engender, by contrast, a virtuous circle in which skills development fuels innovation, productivity increase and enterprise development, technological change, investment, diversification of the economy, and competitiveness that are needed to sustain and accelerate the creation of more and better jobs in the context of the Decent Work Agenda, and improve social cohesion
  32. Extended Essay - Report 32 It was found all the employees in BCE well aware the needs of individual learning & development towards the organizational and personal development. figure 18 Employee can benefit from skills development and productivity gains if translated into better working conditions, respect for labor rights, further training, and adaptability to changes, better employment prospects, higher wages, and other factors that contribute to a better quality of life. Employer will benefit from skills development and productivity gains by reinvesting in product and process innovations, diversifying business activities, maintaining, and improving competitiveness and market share.
  33. Extended Essay - Report 33 CHAPTER 04 CONCLUSION Professional competence describes the state-of-the-art, subject knowledge, expertise and skill relevant for performing excellently within a specific functional department. This competence insures that technical knowledge / working skills in both present and used a firm for the welfare of its stakeholders. To develop this competence regular learning and development is required. The study based on the learning & development is an important part to evaluate, it provides the feedback to implement future strategies and help the employer at the level of individual performance and in the strategy formulation for learning and development. objectives of skills matching and easing adjustment take a short- to medium-term labour market perspective in responding to ongoing technological and market changes. The first objective requires policies and institutions to better forecast and match the provision of skills with labour market needs, as well as to make employment services, career services and training services more broadly available The skills development on making it easier for workers and enterprises to move from declining or low-productivity activities and sectors into growing and higher-productivity activities and sectors, and to capitalize on new technologies. Rescaling, skills upgrading and lifelong learning help workers to maintain their employability and help enterprises to adjust and remain competitive. This should be combined with active labour market policies to support the transition to new employment. Workers should not withstand the worst of the adjustment cost, and effective social security provisions or unemployment insurance as well as career guidance, training and effective employment services, are important components of the social contract to mitigate the impact. Therefore, learning initiatives and programs have become a priority for human resources (commonly believe as investment on Human Capital). As business markets change due to an increase in technology initiatives, companies need to spend more time and money on learning needs of employees. In today’s business environment employee learning & development plays a critical role in corporate success and organizations are investing more in their employees learning & development needs.
  34. Extended Essay - Report 34 It is apparent to suggest the followings to the Top Management after study conducted in BCE. Ensure that employee learning contributes to competitive strategies of the firm; the different level of employees needs different levels of learning skills to improve their individual work quality. The management must commit itself to allocate major resources and adequate time to improve their employees’ learning skills & personal development. Skills matching and easing adjustment take a short- to medium-term labour market perspective in responding to ongoing technological and market changes. The first objective requires policies and institutions to better forecast and match the provision of skills with labour market needs, as well as to make employment services, career services and training services more broadly available. Ensure that a comprehensive and systematic approach to training exist, continues assessment is required to rate the employee skills and progression in their skills development. This is much needed to give them promotion, professional achievement etc. As the private sector companies are gaining ground and becoming more competitive due to changed world economy, the employees always kept on their toes. It is like either you work hard and show your performance or perish for not taking care of your professional growth. The ability to use a language efficiently is very much required to remain employable. Ensure to provide some language skills, specially English language among the low-level employees of the organization to keep the standard of communication level. It is the ability to remain employable because of the relevant skills one possesses. Communication skills are very much essential for one’s professional growth. It is better to provide the English Language skills for the employees especially who are in the low level. This will give the organization most commanding front line workers. To upgrade the skills of employees, the training is much needed during the considerable interval. This will give employees with a outline idea about the program and personal knowledge increasing as well. The relationship between skills development, productivity, employment growth and development is complex. For skills development policies to be effective, in consultation with the social partners, must build policy coherence by linking education, research and skills development to labour markets, social policy, technology, public services delivery, trade, investment and macroeconomic policies.
  35. Extended Essay - Report 35 Reference: Books: Forteza, J.A., & Prieto, J.M. (1994). Aging and work behaviour. In H.C. Triandis, D. Dunnette, & L.M. Hough (Eds.) Web Sites : Elizibith Hurlok. (1989). http://www.goodreads.com In undefined. Retrieved undefined, from undefined.
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