Training
Overview
A finance director looks at a proposal to spend money training the warehouse team and says the sentence every training manager has heard: what if we train them and they leave? The right reply is a question. What if we do not train them and they stay? A business that will not spend on skills is not saving money, it is choosing to be run for the next ten years by people who only know what they knew on their first day.
This lesson works out which of those two directors is right, and when. You will learn the three types of training the specification names and what each one is actually for, weigh the costs of training against the benefits it names, and see why the choice between training on the job and off it is genuinely different for a restaurant, a hospital and a software company. You will also meet one of the only three State questions on four whole papers, and it is on this topic, so it is worth knowing exactly what a two-mark answer here looks like.
Objectives
- Importance of training the workforce.
- Types of training undertaken by businesses.
Mind map
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Lesson Note
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Lesson Evaluation
Congratulations on completing the lesson on Training. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
- When does an employee receive induction training? A. When they are promoted to a new post B. When the business buys new machinery C. When they begin to work for a business D. When they are about to retire Answer: C
- Which one of the following is a benefit of off the job training rather than on the job training? A. It is cheaper for the business B. The employee keeps producing while learning C. It can lead to a recognised qualification D. It uses the business's own machinery Answer: C
- A business trains 15 employees at a cost of 2,400 dollars each. What is the total cost of the fees? A. 3,600 dollars B. 16,000 dollars C. 36,000 dollars D. 360,000 dollars Answer: C
- Which one of the following is the main risk to a business of paying for training that leads to a recognised qualification? A. Employees will produce lower quality work B. Employees become more attractive to competitors C. The business will need fewer employees D. Employees will refuse to accept promotion Answer: B
- Which one of these is a benefit of training that the specification lists? A. Lower rates of tax on business profits B. An increase in the price of the product C. The ability to deal with changes in technology D. A reduction in the amount of competition Answer: C
Work through these questions in the app
Work through these questions in the app
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