Training Issues: Training needs Assessments, new training approaches as well as incentivising staff for developing SMEs finance business line Presented by Group 4
HR/team building issues • Change in mind set • SME being a specialized area requires a dedicated team • The team should focus on real issues through market interactions
Needs Assessments • The team to identify the gaps with market interaction – – Operational Conceptual HR related Product related • This will result in identifying the need for focused/targeted training and its prioritization
New Training Approaches • • • Theoretical and practical Result oriented People skill Using class room, on job training Case study methods, Role playing, Inter active Computer based training modules, success stories, distance learning & field visits
Incentivising • Monetary and non-monetary incentives • Assessment/evaluation should be fair, transparent that could be translated into performance based awards/ rewards. • Incentives should influence performance behaviour • Be in line with best market practices
Approach to incentive scheme • Define and discuss clear strategic goals • Define and discuss objectives • Decide and communicate quantum of rewards to be given to different staff levels t • Select mechanism of incentive scheme • Implement and monitor the scheme