Implementing Effective Employment and Training Strategy

By: Lok, Johnny Ch

⦁Prediction rewards and costs of training programHow to calculate every different kinds of training rewards and costs? How to evaluate the training whether it is worth to spend time and time to invest to train employees ( trainees)? Whether does the organization need to arrange one training program to let employees ( trainees) to be learn new skill knowledge? To answer these question: I shall assume one training program is such as one lotteruy, the lottery buyer will not know whether he/she will win ot lose the lottery, but he/she does not attempt to buy the lottery who won't have chance to win the lucky money.So, one training program is such one lottery. Whether at the organization as part of a training department of the organization, the training time and money and teaching course material and trainers and training teaching method etc. arrangement must be dominated by the trainer and organization's time. It is determined by their moods. These factors will influence whether the training program can receive rewards or not after it is spent any expenditures are related to the training. Hence, the organization must not know whether how much rewards will be caused by the training program. It only know to plan how much expenditure budget will be spent to the training program. So, training seems to be one lottery game to be played by the player, he/she needs to spend money and time to participate the lottery game.Training course is similar to lottery game, the organization needs to spend time and money to arrange trainer and trainees to participate the training program. Hence, whether the worth of training which can earn rewards or not, it needs time to wait. It is hard to predict training reward.Indeed, economists tend to be unexpectedly indifferent to matters of money, such as cost of every training program. It is a complicating superficial distraction that can usually be assumed away without much harm being ( trainer and trainees, employees) done, such as waste or loss of the organization's time and money and human resource to prepare every training program.

• Format: Paperback
• Language: English
• ISBN: B08H573VDX
• ISBN13: 9798631773967
• Release Date: January 1
• Publisher: Independently Published
• Length: 70 Pages
• Weight: 0.55 lbs.
• Dimensions: 0.2" x 8.5" x 11.0"