Human Resource Development

We can provide training consultants for different services in many areas, some of which include:

• International Financial Reporting Standards (IFRS);
• compliance essentials and business ethics;
• third-party/vendor risk management; and,
• corporate governance.

Why Train and Develop

Training and development of employees is a costly activity, requiring a lot of quality inputs from both trainers and employees. Regardless, it is essential for the company to revise its goals and efficiency with the changing environment. Some critical indicators for your company to endorse training and development sessions include:

• the management concluding that there is a need to improve employee performance;
• a benchmark being required for the improvement observed in the performance enhancement effort;
• specific job responsibility and skills needing to be taught (such as communication management and team management); and
• new methodology needing to be tested for increasing productivity.

Advantages

Although there is a cost attached to training and development, companies generally find it beneficial in the long run, and accordingly ensure that employees are trained regularly. Some advantages include:

• helping employees develop new skills and increasing their knowledge;
• improving efficiency and productivity of individuals as well as their teams;
• removing bottlenecks in operations;
• allowing for the creation of new or improved job position with the aim of making the organization leaner; and,
• keeping employees motivated, refreshing their goals, ambitions and contribution levels.

Disadvantages

There are several advantages to training, but some drawbacks exist too, such as:

• the cost associated with arranging the right trainers;
• the cost associated with engaging employees for non-revenue activities; and,
• the risk of employees quitting after the training and development session.

Process

Training and development is a continuous process because the skills, knowledge and quality of work needs constant improvement. Since businesses are changing rapidly, it is critical that your company focuses on training its employees after constantly monitoring them & developing their overall personality. We have devised some steps for an effective training and development process:

1. Determine the need of training and development for individuals or teams.
2. Establish specific objectives and goals which need to be achieved.
3. Select the methods of training.
4. Conduct and implement these programs for employees.
5. Evaluate the output and performance post the training and development sessions.
6. Continue monitoring and evaluating the performances to determine whether further training is required.

Change in Regulatory Requirements

As the public opinion slowly sways, the regulatory landscape changes along with it. In order to achieve compliance, it is important for your employees to be periodically re-trained in the relevant regulations they have to abide by. We can train your employees to conduct their affairs in accordance with the latest regulation in force, so that the risk of your company being sanctioned by the law is diminished.