HR training is a must in every company

Post crisis economy set very serious tasks for business.  Financial meltdown and credit crunch resultant in the worst economic crisis since the great depression.  As a result, many people do not have considerable purchasing power.  No sales means death for business.  Under such circumstances, business owners need to undertake urgent actions to save their companies.  It is very risky to invest money without knowing own problems.

BSC system is a perfect tool for hr training evaluation

BSC system is a perfect tool for hr training evaluation

However, if you still decided to invest you need to think about primary and secondary investments.  Many businessmen often forget about investment in personnel.  They think that spending money for training employees is just a waste of time and money.  It is better to buy more computers offices or production facilities.  But who runs your business?  These are people.  If they are incompetent it doesn’t matter how much you invested – that people will be just unable to use that money properly.

For this reason training is very important in every company.  This is the best way to become better and make your employees better.  At the same time, training can be a really a waste of time and money if it is ineffective and addresses irrelevant problems and issues.  But how can you measure effectiveness of training sessions and efficiency of investment in personnel?

Balanced scorecard system is the answer.  This is a great tool for business performance evaluation used in all businesses fields.  Balanced scorecard system has a very simple principle.  The software evaluates KPIs which are known as key performance indicators.  Training is a complex process and if you made a mistake and the early stage you won’t be satisfied with the final results.

Balanced scorecard system makes it possible to measure every stage of the training process, from setting tasks and goals to conducting training sessions and what is more important applying obtained knowledge in real business.

As a rule, human resource department is in charge of training and coaching personnel.  If personnel is managed smartly that overall performance of the company will be improved.  Balanced scorecard system is an efficient tool for HR managers and other specialists who are in charge of training.

What KPIs are relevant for training metrics?  These are cost per employee, size of training budget, expected revenue rate per employee, cost savings, employees satisfaction and organization climate.  By the way, organization climate is very important in any company as satisfied employees with a positive attitude will always work better.

HR training improves personnel efficiency

HR training improves personnel efficiency

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