Reward and Compensation
Reward and Compensation
The rapid changes in the organizational and business world today as given rise for
motivation ,training ,development ,job satisfaction and appraisal are all inevitable
and major components for the attainment of goals and maximum performance.
Equipping the human resource with the required training to improve themselves
organization.
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CHAPTER ONE
1.0 INTRODUCTION
Manpower or human resources is a vital component and integral part of any surviving
organization in the world today. Training and development which is a continuous process of
enhancing the skills of employees in all levels to foster learning and contribute to the
individual and organizational goals. Also, gaining a competitive advantage in the ever-
changing world of business. Addition of skills and knowledge helps employees modernized
with the new trends and increase competency in what the do. The level of competency
ensures works are be done with little or no waste at all, thereby increasing efficiency and
performances.
The goal of human resource management is to make available qualified and specialized
manpower to carry out its activities within the possible shortest period of time so that the
1.1.1 TRAINING: Taining could be defined as the act of teaching the lower level cadres
/employees on how to perform their current tasks or jobs. Its aimed at acquiring specific
knowledge and skills for the purposes of a task. Its focus is on the efficiently, effectively and
employees broad skills necessary for their current/present and future jobs. Its concerned with
employees career growth and job satisfaction of future requirement by the organization.
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1.1.3 CAREER PLANNING: This refers to the active management of your career by identifying
what you are good at,knowing how your skills ,talents, values and interest translate into
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CHAPTER TWO
Taining which is defined as the act of teaching the lower-level cadres /employees on how to
perform their current tasks or jobs. Its aimed at acquiring specific knowledge and skills for the
purposes of a task. Its focus is on the efficiently, effectively and safely delivering of the
presentor current job or task and development which is teaching of managers and professional
employees broad skills necessary for their current/present and future jobs.
Neverthesless, training includes classroom instruction, on the job training and apprenticeship
training , while development varied from job experiences and formal education. Individual
organizations create the training and development opportunities required to prepare their
employees for future roles. This will later have a positive impact on the individuals and
employees.
organizational goal).
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It gives the organization a competitive advantage over its rivalry
creativity.
intellectual capital
It enables employees to know their competitors and acquired basic skills to cope with
advancement of technology.
It fosters team spirit among employees making them understand each other better
despite their differences in sex, race and culture which increases performance.
employment security.
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2.3.1 TRAINING AND DEVELOPMENT POLICY.
A training and development policy is as set of guidelines and requirements reflecting the
organization’s values and culture, and is based on a set of principles to which the organization
adheres in its overall management and development of the workforce. An employee training
and development policy provides a framework for staff to develop their knowledge and acquire
The significances of employees training and development policy can’t be overemphasized since
the need for learning and knowledge is continuous which provide a high standard of output.
Hence, an effective staff training and development policy should be viewed as a core element
According to Cole (2002) training and development activities are affected by the following
factors:
3. Adaptability of employees
5. knowledge and skill of trainers. These factors must be considered for a success in a training
and development programme. Some organizations may choose to train employees and provide
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every need of sustenance, such internally training is called on the job training while others may
depend on an external trainer (training consultant) with expertise in the field such is off the job
For a very long time, the old-school organisations considered training a time-consuming,
unproductive, and costly affair. Even if designed, they adopted traditional methods and
knowledge, skills, and positions in the organisation. In the last few years, organisations
are recognising the relevance of T&D of the employees. They are now shifting from
Usually led by a qualified facilitator, classroom learning takes place over one or more
employees can attain large amounts of knowledge at the same time. Unfortunately, the
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disadvantages are many: hired venues, travel, and catering make this training method
2. Interactive Training: One of the most effective training methods in the workplace,
interactive training actively involves learners in their own learning experience. This
training can take the form of simulations, scenarios, role plays, quizzes or games.By
practicing their new skills and applying them in realistic work scenarios, learners are not
only more engaged but more likely to retain what they’ve learned, too. However, it can
3. On-The-Job Training: With on-the-job training, not only are employees actively
involved in learning, but they also participate in real activities that relate to their current
or future job. This is one of the most effective training methods for succession planning.
This type of training can result in rapid learning because employees are thrown into the
proverbial deep end. This experience can be a little too stressful for some employees, let
2.4.2. MODERN TRAINING METHODS: In the modern workplace that consists of remote
employees and diverse cultures, training methods for employees have changed. So, how
do we approach learning in such a complex workplace? The answer lies in two words:
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1.. Social Learning: Originating from Albert Bandura's work in the ’70s [2], social
modeling their behavior. Social learning can be a very intentional workplace training
method, too.
Social learning isn’t found in many of the common training methods, mostly because it’s
not as easy to structure, measure and control. Yet it can be very effective, because
employees are pushed beyond the boundaries of their daily roles, acquiring new
2. Online Training: eLearning, or online training, has become one of the most widely
workplace training programs can include eLearning courses, webinars, videos, etc., and
allow information to be presented and tested in many different ways.The variety that
online training offers means that employees can learn according to their style and
immediate needs. It also means they can learn on the go. The downside? Little more
than the initial development costs and service fees of a reliable Learning Management
System (LMS).
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1. Organisation's aim: Understanding the organisation's aims and needs and how the
aims are met by range of jobs that exist in the organization training policy.
2. Analysing training needs: Finding out what people need to learn. This is done by:
analysing the knowledge, skills and attitudes/behaviours that each job requires; and
Setting aims and learning objectives Specifying what trainees should be able to do as
a result of training.
learning points trainees must grasp and also sending some learning material
(preview) to trainees. Methods could be on the job training , off the job training or
both.
training.
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Encourage engagement of trainee
CHAPTER THREE
Career planning is the continuous self-evaluation and planning process done by a person
to have a strong career path which is aligned with one's career goals, aspirations and
oneself, setting career goals, revising skills and searching for the right career options
which may include basic skills, specialized education and job options.
From the viewpoint of the organization, career planning stands for the forward-looking
employment policies, which consider the career of individual employees that are
movement and growth.It integrates human resource planning with individual career
needs. Basically, organizational career planning is all about the planned succession of
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3.1 IMPORTANCE OF CAREER PLANNING
want to be in life professionally. With the short-term goal and the long-term goals in
place, It can help to plan their journey in their professional life. Self-assessment is
necessary to understand one’s capabilities and drawbacks. The various career options
should be explored in detail to find a fit between one’s abilities and the opportunities
and growth in the chosen career path. A good career planning helps a person grow in
life in their professional career, which also help them grow personally.
external factors and circumstances. Based on decisions and evaluation done by others,
the person would go forward in the career. It may lead to a desirable career path but it
can also lead to a job profile which was not at all part of individual's aspiration or career
goals.A great career plan early can lead to better planning of skills and education
required to achieve career goals. A career is a long term view of the skills, education and
jobs a person would acquire or do in order to reach a particular objective. A job may or
may not align with one's career objective if proper career planning is not done. A job
may be directly opposite to one's path because the required skills or educational
qualifications may be missing due to the lack of a initial plan. The importance of career
planning is in starting early, acquiring the right skills and then applying the same for a
particular job or a series of jobs to achieve long term career goals. But one can re-plan
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career later as well if the current occupation doesn't align with the goals or if goals have
changed. Sometimes the market demand and business requirements may also require
one to re-plan one's career and acquire new skills. Reskilling should be an active part of
career planning. Sometimes career planning is seen as a short term exercise based on
immediate job requirements but it should be a more long term view of the career rather
Aspirations and goals are very important here as that would define how person
understand the career options, companies available, growth options in career etc.
Right opportunities need to identified and proper research is required for that. An
3. Set Career Objectives: The next step in the career planning is to set short-term as
well as long-term career goals for oneself, and to have a clear career path. These can
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be defined as the immediate goals and how one looks at the career further down
4. Learn & Improve Skills: The fourth step in the process is to keep acquiring new skills
and knowledge to be in line with career objectives and with industry requirements.
Many a times there can be clear gaps in the objectives, aspirations and skills. To fill
those gaps, proper planning is required to acquire and learn those skills so that
prepared in terms of CV, cover letter, recommendations etc. The resume should
clearly highlight the skills, qualifications, objectives which is aligned with the career
planning of an individual.
6. Job/Work Search: The sixth step is to short-list the companies where an individual
is seeking a job & start applying. It can be also working a entrepreneurship project as
well.
7. Revise Career Goals: The last step in the career planning process is to continuously
evaluate the career goals and again do a self-assessment to build a strong career
path.
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CHAPTER FOUR
4.0 RECOMMENDATION
The world being a global village with changes in the dimension of demand and
supply of goods and service with the advancement of technology, it’s very paramount that
organization policy .This will foster team spirit among the employees and increase
performance thereby, reducing waste and employees turn over and increase efficiency.
4.1 CONCLUSION
Each organization has its objectives, goals, and strategies; profits are one of the
organizations’ goals; these profits depend on the production and its quality. In order to
reach a satisfactory level of productivity and quality of work, the organization has to get
Training and Development is one of the key departments in the Human Resources
underlined the relationship between properly designed and strategically planned training
and development policies and business firms’ profitability. Therefore, companies recently
pay attention and lots of money in T&D and career planning, which are considered
essential HR key tools that are used as corrective measures or actions to restore any
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REFERENCES
Hussain, A., Khan, M. A., & Khan, M. H. (2020). The Influence of Training and Development
Daniëls, E., Muyters, G., & Hondeghem, A. (2021). Leadership training and organizational
Anwar, G., & Abdullah, N. N. (2021). The impact of Human resource management practice
Management (IJEBM), 5
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