Investment and Choices

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More companies are starting to realize that it's smart to invest in training, but faced with so many choices, how can an organization make sure it's getting the most out of its educational investment? Let me break the question into two parts:

1) How to make a choice for the right training organization amongst so many?
2) How to determine and ensure whether the investment made by the organization is proving worthwhile or not?

Answering # 1 - it is difficult but not impossible to make an informed decision regarding the right training center based on facts and figures derived through thorough marketing research of the existing Training companies.

A list can be prepared of all such institutes/training centers which can provide training to the employees based on their requirements. Initially a comprehensive ‘training needs assessment' should be conducted to determine organizational wide training requirements.

A matrix mapping the employee's requirements i.e. list/categories of possible trainings to be provided to potential employees with that of the relevant training center should be maintained and updated at all times. Hence multiple trainings can be outsourced to multiple training centers and institutes depending on the need, time and budget at hand.

Answering # 2 - there is no hard and fast rule to determine the effectiveness of trainings. Many organizations use different techniques for the same which vary based to which particular industry, sector an organization falls into. A few generic ones can be:

 

  1. Applying the tools and techniques hands on to the current working
  2. Providing the same trainings to colleagues within the organization wherever applicable
  3. Providing a thorough report of it's relevance specifying the opportunities where it can improve the current working
  4. Constant monitoring and measurement of the benefits/outcomes resulting by implementing the learned techniques at any workshop.
  5. Post course evaluation

 

Though all this is easier said than done - then again if it is realized and intelligently implemented and practiced it can be beneficial resulting into a win-win situation for all. 

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