Submitted to Shaheen Ahmed Chowdhury Assistant Professor Dept. of Marketing University of Dhaka Submitted by Tanvir Ahmed Khan-BIT0305 Arif Ibne Ali-BIT0308 Nadia Nahar-BIT0327 Ahmad Tahmid-BIT0332 Date of Submission: 3 rd December, 2012 Institute of Information Technology JOB TRAINING METHODS AND PROCESS: STUDY ON A IT FARM
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Submitted to
Shaheen Ahmed Chowdhury
Assistant Professor
Dept. of Marketing
University of Dhaka
Submitted by
Tanvir Ahmed Khan-BIT0305
Arif Ibne Ali-BIT0308
Nadia Nahar-BIT0327
Ahmad Tahmid-BIT0332
Date of Submission: 3rd December, 2012
Institute of Information Technology
JOB TRAINING METHODS AND PROCESS: STUDY ON A IT FARM
Introduction:
Sending employees to training opportunities, or bringing opportunities into the company,
actually infuses a business with new ideas and creative ways of solving old problems.
Sometimes, just getting employees out of the day-to-day grind of their everyday work schedule
is enough to jump-start energy and encourage employees to recommit to their jobs and the
company. But learning new skills and interacting with new and different people has a direct
impact on the productivity and development of the work environment.
Training is one of the major activities of the largest organizations including IT/ Software Firm.
As we are conducting Training procedures running on IT firm, we need to judge the training
methods that applied in the generic Software or IT firm.
Background of the Study:
The IT sector is growing at a very fast pace and is expected to earn a revenue of US $87 billion
by 2008. In 2006, it has earned revenue of about US $ 40 billion with a growth rate of 30%. IT
sector is expected to generate 2.3 million jobs by 2010, according to NASSCOM (National
Association of Software and Service Companies)
With this rapid expansion of IT sector and coming up of major players and new technologies
like SAP, the need of human resource development has increased.
According to the recent review by Harvard Business Review, there is a direct link between
training investment of the companies and the market capitalization. Those companies with higher
training investment had higher market capitalization. It clearly indicates that the companies
which have successfully implemented training programs have been able to deliver customer
goals with effective results. It shows that good training results in enhancement of individual
performance, which in turn, helps the organization in achieving its business goals. Training is a
tool that can help in gaining competitive advantage in terms of human resource.
With the growing investment by IT companies in the development of their employees many
companies have now started their own learning centers. As an example, Sun has its own training
department. Accenture has Internet based tool by the name of “My Learning” that offers access
to its vast learning resources to its employees. Companies are investing in both the technical
training, which has always been an essential part in IT industry, as well as in managerial skills
development. Companies now kept aside 3-5% of revenue for training programs. As an example,
some of the major players like Tata Elexi and Accenture are allocating 7% and 3% respectively
of the company’s overall revenue.
Importance of Training:
Training is essential to the achievements of a business. Perhaps its most positive benefit is better
employees. A company develops the potential of an employee, and part of the way a company
encourages improvement is through training. Often, good training is just as important as a good
benefits package for an employee.
For employers, training allows them to locate a wider range of people with the kind of outlook
that matches the company mission statement. The right kind of perspective is a hard thing to
cultivate, whereas workplace specific proficiencies are easier to nature. The other advantage
employers should remember about training is it offers them an improved retention rate.
Employees are more loyal to companies that value their growth and want to cultivate it, and
thusly provide a better performance and decrease the rollover rate at any company, no matter
how small or large. If an employee thinks a company values him or her, that sentiment will go
into whatever the employee is designing, selling, manufacturing, etc.
Every single part of the management at a company must completely sustain the training.
Otherwise, there is no point in wasting even a shoddy effort at training. Cheap training will
result in cheap work: quality employees require quality training programs, which means
spending a bit more money. Excellent training programs emphasize a correlation between
personal development and official evaluations, allowing an employee to discern that career
growth and success means evolving their expertise with training.
There are numerous benefits from having a training and learning program for your business'
bottom line. Here are the top tier-items that come to mind -
Increase productivity. Ongoing learning & training will ensure your team has the ability to
get more done and continually improve.
Create a safe environment. While not glamorous, safety matters, and will enable you to
reduce risk and insurance costs.
Enable you to hire the person with the right attitude and best fit with your team. Skills
like programming languages or database management can be taught; it's harder to teach a
strong work ethic or good attitude.
Boost employee engagement, and in turn effectiveness . Investing in training improves
employee engagement, and engaged employees are more productive. An engaged employee
is one who has a feeling of personal connection or pride in their work.
Innovation & nimbleness. Connecting your employees to opportunities to develop skills
and abilities on an ongoing basis means that your organization will be prepared to respond to
changing circumstances.
Show them you care. Investing in employee development is connected to increased job
satisfaction and thus increased employee retention rates.
Training and Development Objectives:
The principal objective of training and development division is to make sure the availability of a
skilled and willing workforce to an organization. In addition to that, there are four other
objectives: Individual, Organizational, Functional, and Societal.
Individual Objectives – help employees in achieving their personal goals, which in turn,
enhances the individual contribution to an organization.
Organizational Objectives – assist the organization with its primary objective by bringing
individual effectiveness.
Functional Objectives – maintain the department’s contribution at a level suitable to the
organization’s needs.
Societal Objectives – ensure that an organization is ethically and socially responsible to the