Training Plan

TRAINING PLAN

NAME OF STUDENT

AFFILIATIONS

Document Control

Title

Training Plan for new employees

Author

Student’s Name

Owner (Responsible for Final Approval)

Name

Role

Signature

Date

DATE \@ "MMMM d, yyyy" October 3, 2019

Review Panel

Name

Role

Signature

Date

DATE \@ "MMMM d, yyyy" October 3, 2019

DATE \@ "MMMM d, yyyy" October 3, 2019

DATE \@ "MMMM d, yyyy" October 3, 2019

DATE \@ "MMMM d, yyyy" October 3, 2019

Document Overview

Purpose:

The purpose of this training plan is to set up in detail the reason, people who will deliver it, Measurements of results, costs, Return on investment. In this training plan we will help to improve the communications skills, end user knowledge, abilities to support new roles.

Document Audience:

This document plan is set up to use and analyze by

Senior Manager

Training lead

Management Team

The training plan will be based on training methods based on meetings and discussions held prior to the development of the plan. The plan will also look at new techniques and training methods used in the markets for employee trainings.

Training Methods

We will be using several training methods during our training period mainly consisting of

Lectures based training

On-Job training

Conducting sales conference and seminars

Arranging for apprenticeship

Supplying sales manual

Training Roles and Responsibilities

Roles

Profile

Consideration

Senior Manager

Responsible for Overviewing all the process and developing training strategies.

It is recommended that senior manager monitor himself the process and development of trainees during this period.

Training Lead

Responsible for managing and conducting different lectures. Also providing different seminar material.

Having a Training lead specifically from sales department to carry out all the task will provide a healthy environment even within the class.

HR Executive

Responsible for arranging apprenticeship programs. Other outdoor activities

Practical training of employees is necessary in different environments. For that purpose HR executives will manage apprenticeship programs.

Training Facilities and Environment:

Learning require a specific environment and proper equipment. For class room training following facilities will be required.

Computer for instructor

Projector

A projection screen

One note pad and pen for each learner to take notes

Separate computers for each trainee

Training Roadmap

A training period accounts for key training program activities and it continues to evolve as the training period progresses. There can always be some minor changes in the schedule and any mishap can happen so that time should be account for before calculating the total time duration. The training will start on 14th of October. It will be a total of 8 weeks training.

Activities

Description

Responsibility

Target Date

Lecture Based Training

To give initial lectures about sales and customer service

Senior Manager

25th October

On-job Training

Give practical Training regarding situations that can be faced in the field

Training lead

8th November

Conferences and seminars

Training related to the changing sales dynamics in the world

Training lead

15th November

Arranging for apprenticeship

To familiarize employees with different environments, outside their comfort zones

HR Executives

6th December

Providing Sale Manuals

To further help the employees in their future if they face any problems

Training Lead

7th & 8th December

Training Resources and Budget

Necessary budget and effort required for every job is accounted for. Since training is an essential component of an employee development and performance in his later career. All budget is accounted for the rent, buying of material and transport etc.

Effort Required

Role

No. of Persons

Time spent

Senior Manager

1

10 days

Training lead

2

15 days

HR Executive

1

15 days

40 days

To reduce the cost of training as much as possible we tried to use meeting facilities on rent, rather than buying new computers just for the sake of two months training. But it proved that on average a meeting facility cost around $75-$165 an hour which is a huge sum of money ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"eAaY7kLU","properties":{"formattedCitation":"(\\uc0\\u8220{}How Much Does It Cost to Rent a Meeting Room?,\\uc0\\u8221{} n.d.)","plainCitation":"(“How Much Does It Cost to Rent a Meeting Room?,” n.d.)","noteIndex":0},"citationItems":[{"id":189,"uris":["http://zotero.org/users/local/jpfyfVgo/items/8A4CZ6KD"],"uri":["http://zotero.org/users/local/jpfyfVgo/items/8A4CZ6KD"],"itemData":{"id":189,"type":"post-weblog","title":"How Much Does It Cost to Rent a Meeting Room?","container-title":"ContactPointe","abstract":"On average, an all-inclusive meeting room will run $75-$165/hour. This pricing includes all technology needed, such as computers for each attendee, WIFI, Wired Internet, LCD projector, screen, instructor work station and speakers. Refreshments, morning and afternoon snacks along with set up, onsite tech support and service fees included.","URL":"https://www.contactpointe.com/company/how-much-does-it-cost-to-rent-meeting-room/","language":"en-US","accessed":{"date-parts":[["2019",10,3]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“How Much Does It Cost to Rent a Meeting Room?,” n.d.). So, it is better to buy laptops which can also be used in further trainings. We will also provide transport services to employees on training for their apprenticeship training. Also it will account for printing materials and note pads required for trainees.

Financial Resources

Description

Budget

Cost on buying new computers (HP 14 stream laptops)

$2400

Stationary

$ 100

Transport for apprenticeship training

$2500

$5000

Training Evaluation

Since it is difficult to calculate return on investment for a training program because we don’t have exact values. Since we cannot exactly say something about the future the only common thing is to find the probability about it. In the financial section the maximum budget we placed for this training program is $5000. If through this training we help to improve the structure of customer care we will not only manage the current consumers better but we will also be able to gain more customers through referrals. If we can improve our daily sales requirement even just by 200 dollars, in the next one month we will be able to recover the amount spent on training, but since the training period is of 2 months, we will also calculate for two months. During this calculation we have placed the spent amount at a maximum and the income generated at minimum. The return on investment can be calculated as,

Benefit

Cost

ROI =

1237615289560 $ 12,000

$ 5000

This results in 2.4 or in other words 240% return on investment.

This plan addresses all the needs required for the training of all the employees. This plan comprehensively all in-class and on-field training. Furthermore, this is an actual plan which has to be executed. The scope of this paper covers a detailed plan about training and it is not a mere description. The rate of investment according to our assumptions is 240%, which is definitely worth the cost. By following this plan the company will not only be able to grow its revenue but it will also help to spread this business.

References

ADDIN ZOTERO_BIBL {"uncited":[],"omitted":[],"custom":[]} CSL_BIBLIOGRAPHY How Much Does It Cost to Rent a Meeting Room? (n.d.). Retrieved October 3, 2019, from ContactPointe website: https://www.contactpointe.com/company/how-much-does-it-cost-to-rent-meeting-room/