Upload
chathuranga-arambewela
View
801
Download
1
Embed Size (px)
Citation preview
UNIVERSITY COLLEGE DUBLINBSc in Human Resource Management
SURNAME INITIALS
Abeyaratne W M M P BArambewela V C JChandrasena A M J BJayasinghe H W S RPerera D L R JShathwikka SWijewardane U P
GROUP MEMBERS
TRAINING AND DEVELOPMENT : THE GE WAYCASE STUDY ON HUMAN RESOURCE DEVELOPEMENT
GREAT PEOPLE BUILD GREAT COMPANIES
FOUND IN 1876
Operations in 160 countries including Sri Lanka.11 various businesses
with more than 307,000 employees
First company that invest 1 Billion USDfor in house training
Management Development CentreFirst company to build a cooperate universityConduct three types of courses.• Executive Development• Business Management•Management development
Which are highly useful to develop employeeskills knowledge and attitudes
FORMAL / INFORMAL LEADERSHIOP DEVELOPMENT
Formaldelivered by experience trainers in a systematic intentional way within a school, academy, college, institute or university. Formal learning consist of a curriculum which is highly structured with topics/sessions.
InformalInformal learning, which
typically takes placenaturally as part of some
other activity
GE APPROACH TO LEADERSHIOP DEVELOPMENT
Formal InformalClassroom based: Executive, Business, and Management Development programs
On-the-Job Training – “Work-Out Program” taking out “Fat” from system
Classroom/Lab: Financial Management Program (Finance)
Action-Learning - Taking Consultant Role
E-Learning based programs Job-rotational ProgramCoaching and Mentoring
EFFECTIVENESS OF FORMAL LERNING
Formal EffectivenessClassroom based: Executive, Business, and Management Development programs
Since large groups are trained (200) effectiveness is more of a average
Classroom/Lab: Financial Management Program (Finance)
This is more effective since participants can see the immediate application of the learned subject
E-Learning based programs More cost effective as well as participants gets the freedom to learn at their own phase. But lacks the value addition from a trainer.
EFFECTIVENESS OF INFORMAL LERNING
Informal EffectivenessOn-the-Job Training – “Work-Out Program” taking out “Fat” from system
Highly Effective, employee learn on the job and see the results
Action-Learning - Taking Consultant Role
Conceptual thinking to more execution level knowledge can be gained thought this approach.
Job-rotational Program Takes some time to ramp-up but very practical learning approach to expanding employee abilities.
TANGIBLE & INTANGIBLE COSTSTANGIBLE INTANGIBLE
Tangible costs are physical and quantifiable costs of running a business. This costs normally include things a business can buy directly for specific costs, such as, labor, materials, buildings, salary & wages, leases, operational inputs, employee medical benefits, transportation and commercial
Intangible costs are nonphysical one and harder to measure. But however it could be real and important to business success/ failure.
• GE spent $1 billion for in-house training program for every year.• They spend $ 38 million annually for outside degree programs.• $46 million for build a residential building.• They train every manager for six sigma (quality management
program).invest $200 million. • Black belts, green belt & master black belt courses. ( invest $250
million)• $80 million spent to build an art training centre.
TANGIBLE COST AT GE
• Productivity loss of $47 an hour ( course conducted in 3 days)• Online course (time)
INTANGIBLE COST AT GE
WHAT GE ACHIEVED THROUGH HRD
Earnings
Organizational Benefits Individual Benefits
Organizational BenefitsEmployer Brand
Higher Rate Of Productivity
Effective & Efficient Leadership
Decrease In Wastage &
Supervision
Employee motivation
Individuals BenefitsCareer Advancement
Variation Of Skills & Knowledge
Learning Culture
Job Security
Confidence To Face Challenge
Organizational & Individual Benefits
COMPETITIVE ADVANTAGE
CONCLUSION
Formal Leadership vs Informal Leadership ?
Benefits of Leadership development.Improve Business growthImproved employee retentionImproved bottom line performanceInstant problem solving abilityGreater market value over time.Improved business sustainability
THANK YOU