Posts

5 Best Ways to Evaluate Training Effectiveness and Impact

  You’ve invested a lot of resources into   employee training and development . And with that comes an expectation to measure its impact. After all, if you can’t measure it, you can’t improve it. An effort to collect relevant information on the results of a training program is referred to as a training assessment. The ability to reflect, assess, and enhance the efficacy and performance of a training event is considered necessary.  Need not to mention that an effective  training need analysis  plays an important role to develop a result-oriented training program.  The primary aim of any training programme assessment is to assess if the programme has met its specified objectives. There are a variety of  training methods  or training assessment approaches and techniques that businesses can use to assess and dramatically enhance the outcome of potential training.   The Kirkpatrick Taxonomy Model The primary aim of any training programme assessment is to assess if the programme has met its
Post a Comment
Read more

Factors Contributing to New Job Search Technique

Image
  Best Job Search Techniques Looking at the Current Job Market across the world, where the internet becomes an important tool for job search. The Interest uses are so high that everything of our life no matter it is our personal, Career, Study, profession, marriage, relationship for every damn thing we use internet to update our knowledge and information on any of the subjects of our life. In today’s time Profession is very important to plan your good life in a good way and to enjoy every bit of your life it is equally important to have a good Job. In the midst of the jungle of Job sites it has become difficult to search for a right and fruitful job offer for excellent professional growth. It is noticed that not many professionals realize that job hunting is also a technique. Now it is time to acknowledge that an effective Job Search technique to search for the best job for career progression is important. Effective job search brings you the best Jobs in India to explore. It involves
Post a Comment
Read more

How Balance Scorecard is beneficial for the strategic improvement of the Company

Balanced scorecard is a tool used for strategic management and performance evaluation. Performance evaluation takes place when the strategic improvement takes place. Balanced scorecard was invented by Robert S Kaplan and David P. Norton. Balance scorecard helps to understand the overall performance of the company. The four perspectives of the balanced scorecard are financial perspective, customer perspective, Internal business process perspective and the learning and growth perspective. All companies business and operational management revolves around the financial targets. Developing proper strategy so that company may excel is very important. How balance scorecard helps to develop the strategy and make it to work out well: ·        To interpret the vision of the company to everyone. This process includes the vision to all and makes everybody conscious to it. ·         To render the vision and strategy needed to communicate with all employees. Explaining the whole pr
Post a Comment
Read more

Process of building a Balanced Scorecard

The four step process given by Kaplan and Norton used across organizations are: ·  Define the measurement architecture- this is the initial level of balance scorecard implementation. The focus areas are strategic business units. ·        Specify strategic objectives-The potential measure of each perspective should be identified and this would make the strategic objective more focused and strong. ·        Choose strategic measures- The parameters of measuring should be related to the actual performance drivers. This would enable to evaluate the progress done towards achieving the objectives. ·       Develop the implementation plan-the targets should clearly defined in balance scorecard . The information system of the organization sould be clearly developed and it should be linked with the top level metrics to lower level of operational activities.
Post a Comment
Read more

Four perspective of balance scorecard

Image
Four perspective of balance scorecard ·           Financial perspective ·           Customer perspective ·           Internal-business process perspective ·           The learning and growth perspective Financial perspective: The financial perspective is the most important aspect of  balance scorecard . It contributes to the bottom line improvement of the company. Finances are critical for companies to monitor and measure. The financial perspective to create balance scorecard are as follows: ·           Company’s turnover ·           Profit and loss margins ·           Fixed cost, variable cost and other costs ·           Working capital of organization ·           Investment capital ·           Annual growth of revenue ·           Market share ·           Net and gross profit ratio The business life cycle of the company is highly dependent on financial goals. Therefore, these stages are comprised with following levels: Growth stage – this
Post a Comment
Read more