Importance Of Training And Development

Training and development is an indispensable function in a fast-paced corporate world but many companies cut down on training opportunities due to their expensive nature. Employees attending training sessions can delay the completion of projects due to miss out on work time. However proper training and development holds enormous value in order to acquire new skills, sharpen existing ones, accelerate productivity and perform better. Despite of few potential drawbacks, here are few reasons that clearly state the importance of training and development.

New hire orientation

New employees benefit the most through training programs. To give insight about the company, speed up the processes of the company and address any skill gaps, training is an excellent opportunity to make the money and time spent worthwhile. A proper orientation session encourages employee confidence and improves employee retention.

Address shortcomings

Nobody is perfect. Everybody has some weaknesses and training and development helps them to overcome. If all weaknesses are addressed properly, it will help employees to be more all-rounded and better skilled at every factor of their job. Specialized training should also be organized depending upon what employees are tasked with doing on a daily basis. This endeavor will reduce the weak links within the company who are dependent on others to complete their tasks.

Improvement in performance

If you compare the employees who have access to the necessary training related to their jobs than those who don’t have, you will certainly find the difference in their performance. Training does not only help employees to deliver better performance but also increase their overall confidence. Amplify strengths, acquire new skills and improve performance by organizing a training session.

Increased consistency

If you wish to ensure consistency, a structured training and development program is a definite way to do so. Regular trainings will make sure that all employees have a consistent experience and consistent knowledge of procedures and tasks. And when you get surety about the same, employers can have a sense of relief that tasks are completed on time and without any issues. Discrimination, safety and administrative tasks are some of the crucial aspects which require training.

Satisfaction of employees

Investment in training and development never go waste as it generally leads to satisfied employees. A training should impart useful knowledge. Company should ensure that the trainings should not be tedious and dull, otherwise employees will attend it just for the sake of it. If the employees are satisfied, they will definitely reach to their assigned goals faster.

Self-driven

Lesser supervision and guidance is needed to those who have attended the right trainings. To make the employees up to date with the new technology, training is an investment that a company can’t afford to make. Company should be transformed into a learning environment where a culture of continual learning should prevail throughout.

In order to produce targeted and tangible results for the busin

Tips That Will Help You Create A Good Impression On Your First Day at Work

Landing a dream job is not so easy. You had struggled a lot to find the dream job. You had faced many rejections from the interviewers. Finally, you had cracked the interview at your dream organization. So, what are your plans for this precious day? We know that most of you are figuring out what to wear and how to impress boss and colleagues. Right? You are aware that first impression is crucial to stand out on first day at work. Now what next?

Are you ready for your new job? You are excited for this day. Perhaps, you will be stressful and somewhat nervous. It may be scary just like first day of school or college. But do you know that it is normal to feel tensed and excited.

We bring to you fifteen tips that will help you to prove your skills at work and make yourself productive on day one.

Keep Your Documents Ready

Your first day may spend in completing all the formalities – filling up forms, induction, submitting documents, etc. So, it would be better from the human resources department to ask all the necessary documents in advance that you have to submit. Once you get a list, just keep them together in the document folder to avoid any last minute hassles.

Learn About Your New Employer

Before attending an interview, you had researched a lot about your company. But your learning should not end here. You should try to gather as much as information about your company. Just read its brochures or check LinkedIn/Facebook company’s page etc.

Dress Appropriately

No doubt, a person is always judged by his/her outfit. So, a newcomer should select his or her attire carefully. You should try to understand what outfit would be appropriate for your industry. It would be great, if you know the dress code and HR policies. If your company has a dress code, you should follow it.

Be Punctual

On day one, you should reach office on time – neither too early nor too late. Leave your place early as you don’t know the route or traffic chaos. There are many people in all over the world who reach office late. The main reason is that they don’t realize the impact of punctuality. If you arrive your workplace timely, you can garner attention and respect from your seniors.

Carry A Pen and Paper

Seriously! It is essential! The chances are that you will get stationary like pen and notepad from your new employer. But you should prepare yourself with your own stationery. You can jot down all the important points quickly which are shared by other people. Don’t forget to review all the notes at the end of the day.

Think Positive

Being a new employee, it may possible that you have to face a lot of challenges during the first week of joining. But don’t be disappointed at this point. We all know that nothing is impossible in the world as ‘impossible’ world itself says ‘I am possible’. So, just keep trying and you will surely overcome this situation.

Listen carefully

During first weeks, you should be a good listener. The good listening skills will let you grasp the things quickly and avoid mistakes. It is the time when you can absorb as much as information you can. However, many questions will haunt in your mind. But you should choose them wisely and ask from others with full confidence.

Work Proactively

Many companies assign their new employees small projects so that they can easily handle. So, if you have finished your work timely and have some extra time, then you can ask from your boss some work. It will help you create a good image in the company.

Be Socialize

At your workplace, your colleagues will invite you lunch or coffee. So, you should join them. We will not suggest you to hamper your work. But you should try to make new friends and fit yourself in the new environment.

Stay Away from office politics

Mind your business! Yes, absolutely right! When you join a company, you just know your seniors and co-workers, but not much. The time changes when office gossip starts. Some people will share their personal feelings about the company and notice your impressions. Keep yourself neutral in this case. If there is something which bothers you, then it would be great to ask from your senior or human resource department. For example, if you want to know about your salary beak-up, then go directly to the concern person to understand your salary breakup, salary structure and its components.

Don’t Hesitate to Ask Questions

When you join a new organization, you will come to know about their projects. You will get a chance to learn new things from your seniors. If you have any query regarding your work, then don’t hesitate to ask. Nobody will expect from you stellar performance from day of joining. So, it is better to clarify all the doubts to complete the given task without committing any mistake.

Maintain Office Decorum

Being an employee, you ought to maintain office decorum – whether it is wearing ID cards, maintaining silence or taking breaks. There may be chances that you will not get all the facilities at your new workplace just like your old office. But there is something that makes you determined to switch.

Stay Yourself Organized

Just set up a system to track all the appointments, meetings, project deadlines, and assignments. You can use online calendar to set up reminders for all the deadlines. Either, you can make a to-do list at the beginning and end of the day.

Keep Personal Business Limited

According to a study, every person conducts personal business during official timings such as shopping online, making reservations, texting, checking WhatsApp messages or personal emails. So, you should conduct limit amount of time. Just focus on your work. If there is some urgent phone call, then just step away to attend. Learn 16 ways to maintain work-life balance!

Relax

Last but not least – be relaxed. Keep smiling J and have a great experience. Remember that everyone has first day in the workplace. So, they probably will understand the situation and help you to fit in the environment.

Hope above mentioned tips will help you create good image in new organization from day one! All the best!!

Four Stages of Business Growth

1st Stage-Initiation:

There can be varied reasons for a business start-up but the main values in running the business are of those who are the founders. We can see that company exhibits the main skills of the founder in its spirits, for example, if the founder is an engineer, he will emphasize in production rather than sales and marketing which should not be neglected. Main efforts are centered on the acceptability of the product in the market. If the owner can provide the demands of business i.e. time, energy, and finances, he/she can move to the second stage. Otherwise, he/she will have to wind up their business as there is limited time for the company to stay at one stage. Here the main focus changes to establish the company and earn profits. With this financial push company will need to formalize the system and start record keeping, an unskilled manager can’t handle this all. After this, there will be demand for change in administration’s style because of increased activity in his business.

2nd Stage-Growth:

The moment a company moves forward to the expansion stage it should be able to earn a decent profit, but that profit will not go to the owner. This is because it will be invested in the business in order to assist in the capital demands of the company. It demands time for coordinating functional managerial activities; it demands complicated organizational structure mainly focusing on functional lines. Now research and development will be established in order to increase product range. At the start, it will be on a smaller scale because of lack of capital. If management continues changing its environment, the company can stay at this stage for some time. In many cases, owners sell their business at this stage for substantial benefits. The increase of new markets and product will demand more finances. This stage faces larger competitors who deal the situation by putting stress on emerging firm; this stress can be in the form of very low prices as well. At this stage over trading is the biggest threat if not handled properly it can lead the business to demise. As the company grows it need to extend geographical trading and distribution, so ‘supervised supervision’ will be required at this stage. If new competitors enter the market and the owner wants to maintain his shares, he will have to put more capital by himself or attract some partners.

3rd Stage-Expansion:

This stage demands proper management reports, budget control, and dispersed authority, along with a formal accounting system. Basic adaptation at this stage will be to systemize administrative roles which are keys to survival through this stage. The expansion stage demands stable long term funds which will be important and if there is not plan for partners then this stage must be considered right now. Although retained earnings are major forms of funds but dividends are the special attraction to the investors; at this stage these are inevitable. Now company’s track record will help in gaining long term loans but the company will have to give security in the form of assets.

4th Stage-Maturity:

At this stage main issues are about expense control, search for growth opportunities and productivity. The direction of authority can be towards functional lines or it is reorganized with production lines. As there is severe price competition, therefore, productions department should be the center of focus and authorities should emphasize on innovative moves towards betterment.

Now basic investments are in sales and marketing struggles and maintenance and plant up gradation. The company grows up to a level that income is sufficient to tackle this but occasionally more long term load prove to be a support. At this level firm may limit its operations or move on, normally acquisition or floatation in order to become a large corporation.

Whatever the situation, managers are pressured by shareholders to safeguard the future of the firm. However, the time of great trial falls to the founder. He built his business with great effort and sacrifices, and now he is asked to give it away.