Dear Neha
Good to note that you would like to start training and development in your company. In this connection, you may note the following:
a) Training is conducted to bring organisational change. Therefore, your focus should be on the organisational and not on individual change.
b) Employee training is only a medium and not an end in itself. End result should be the reduction of some costs that the organisation incurs in the course of its operations. If not cost then be clear about which ratio you would like to increase or decrease.
c) To reduce the cost, the first requirement is to measure the various costs associated with your business. Therefore, your first requirement is how to identify and measure the costs scientifically.
d) Measurement of training effectiveness is the measurement of the cost before the training and cost after the training. The difference is ROI on training.
e) Any training that does not reduce the cost or increase/decrease some ratio is humbug.
f) Training/HR professional's job is not just delivery or presentation skills but to study/understand the systems and processes and identify where and how revenue leakage is taking place. Your training efforts should be directed to plug that leakage.
g) Further, Training/HR Professional's job is not just to spend the training budget or execute the training calendar. Their quintessence lies in creating knowledge resources and facilitating a culture of learning or culture of self-learning. Your staff members should not wait till the company trains them.
To know various costs associated with the manufacturing industry, click the following link:
https://www.citehr.com/521986-cost-cutting-factor.html
I have given so many replies on the training-related subject. You may click the following link to refer to the replies:
#post2015092
#post1969910
https://www.citehr.com/311628-measur...ml#post1411484
(though this is related to technical training, the comments are useful to behavioural training as well)
https://www.citehr.com/119766-kirkpa...tml#post758770
https://www.citehr.com/171892-honeym...tml#post743051
https://www.citehr.com/137807-parame...tml#post712618
https://www.citehr.com/479129-how-ge...ml#post2112781
https://www.citehr.com/336611-roi-ca...ml#post1552221
https://www.citehr.com/423763-evalua...ml#post2149785
https://www.citehr.com/498440-how-ca...utomobile.html
https://www.citehr.com/446478-traini...-industry.html
I recommend you go through the above links patiently. It will enhance your training awareness. Feel free to contact me on my mobile for further queries.
All the best!
Dinesh Divekar
+91-9900155394