Investing In People

Question 1

What are the advantages to investment planning

Answer 1

Allows the business to employ the right number of staff with the appropriate skills
- allows the business to compete more effectively
- the business can retain and motivate employees by demonstrating career paths

Question 2

What are some disadvantages to people investment planning ?

Answer 2

Costs may increase which reduce the competitiveness of the business
- can results in low staff morale
- does not take into consideration the future commitment of employees

Question 3

What are some advantages to induction training

Answer 3

• it can help the employee settle in with minimal disruption
• cheaper form of training staff
• reduces labour turnover
• ## improves employees understanding of the workplace

Question 4

What are some of the disadvantages to induction training

Answer 4

• can bombard the employee with too much new information
• may discourage new workers
• may require absence from the workplace to compete

Question 5

What are some advantages to on the job training ?

Answer 5

• output is being produced
• trainees learn by actually doing the job
• cheaper as it does not require outside bodies
• can give the firm tight control over training
• can be easy to organise

Question 6

What are some disadvantages to on the job training

Answer 6

• output may be lost if workers make mistakes
• may be stressful for the worker
• workers may not take it seriously as it is not in house