Learning and Development Needs: Methods, Organizational Dependency, and Impact on ROI
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This report discusses the methods for assessing learning and development needs, including organizational analysis, performance analysis, cost-benefit analysis, content analysis, and trend analysis. It also explores how L&D needs are dependent on the organization, using TESCO and MORRISON as examples. Finally, it examines the impact of L&D on ROI.
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LEARNING AND DEVELOPMENT NEEDS
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Table of Contents INTRODUCTION...........................................................................................................................3 METHODS FOR ASSESSING LEARNING AND DEVELOPMENT NEEDS...........................3 (1) ORGANIZATIONAL ANALYSIS-......................................................................................3 (2) PERFORMANCE ANALYSIS-............................................................................................4 (3) COST BENEFIT ANALYSIS-..............................................................................................4 (4) CONTENT ANALYSIS-.......................................................................................................4 (5) TREND ANALYSIS-............................................................................................................5 L&D ORGANIZATIONAL DEPENDENCY.................................................................................5 IMPACTS ON ROI..........................................................................................................................8 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................11
INTRODUCTION Learning and Development needs refers to the process in which an organization assesses the need of such programme in order to eradicate the deviations in standard and actual performance or to ensure better performance in the future since L&D are not for short run or for just financial benefits it is overall employee centric(Aziz and Hodeib, 2021.)The report will be discussing methods of assessing learning and development needs. All the methods will be discussed to understand their practice and main concept behind. The report would be discussing ontheviewofauthorsthatlearninganddevelopmentassessmentsareorganizationally dependent. For this purpose TESCO and MORRISON the companies of retail sector will be taken. At the end of the report impacts of such methods on the ROI for different organization will also be deeply seen. METHODS FOR ASSESSING LEARNING AND DEVELOPMENT NEEDS Refers to the process in which it is assessed that does organization have need to implement learning and development policy or not. It is very important in an organization to have such mechanism which may help them in knowing such needs to meet it timely and can make the productivity escalating in short term the production or performance of an entity can be grown or enhanced by just training programmes but for longevity proper development of human resource working within is unavoidably important. Methods- (1) ORGANIZATIONAL ANALYSIS- In this method an analysis is made to look back the goals, strategies, objectives of an organization. Here the efforts are put in to know what is the organizational overall goal and what about present direction and degree of success. Here it is decided by observing the deviation in the predicted or pre decided performance and actual performance of the organization. Current and future needs of the organization are also deeply observed to know the need of applying LDNA(Baltrunaite and Sekliuckiene, 2020.)It is a wider phenomenon which vastly drills the organizational aspects deeply so can know the need of learning and development.
(2) PERFORMANCE ANALYSIS- it is seen that are the employees performing up to the decided standards or not. If it is not favourable then there would be need of learning and development in the organization(Ahmed and Kilic, 2019.)Since great impact on the performance can only be brought when the work force is well-formed. Training may bring working efficiency but their development and learning will definitely improve their performance along with confidence in the future. In short while the performance of the employees can be improved by implementing training programme but for long vision their personal growth and development is far more important and it is only possible by installation of learning and development programmes. (3) COST BENEFIT ANALYSIS- In this method the ROI of the business is analysed. If it is frequently getting lower or not on its decided level then the learning and development programme will be implemented. It is always very important for every entity to ensure their higher growth and without appropriate learning and development programme it is not possible. Since the notion of Learning and Development is a wider phenomenon than training. It mainly focuses on the employees and their personal growth so can contribute in the long term development of the entity(Hudson and Botzen, 2019.) (4) CONTENT ANALYSIS- This is the method in which the documents, laws and procedures used on the job are evaluated. It answers the questions about what knowledge or information is used on this job. It is important that the content of the need should be complying with the job requirements. If it is not so then there would be need of installation of learning and development programme to get the results. If the job content or needed skills are getting changed frequently over the time then only training won't help in making the aims achievable. With this regard learning and development programmes plays a huge role(Blaya, 2019.)The confidence of the employees can be boosted up by only their personal development which is possible by learning and development. It will build up their confidence level, and they would be able to adopt the changes of the market.
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(5) TREND ANALYSIS- the trends of the market are seen weather the company is going with it or not. If the learning level or skills of the employees is below the general or average trend then the need of learninganddevelopmentprogrammecanbeexperienced.Itisveryimportantforthe organizations to focus on the overall growth of the employees since they are the most precious assets of an organization and success or failure of any institution hugely depends on the performance or development of their employees. If the market trends are not favourable then training won't turn out bigger here the adaptability of the employees and their overall persona will pave the way forward so the development and learning need would be assessed by this method(YILMAZ and Banyard, 2020.) L&D ORGANIZATIONAL DEPENDENCY Learning and development needs in any organization are dependent on the character, nature or other aspects of the entity. So it can be said that all the organizations would be having their different needs of L&D. For this purpose here TESCO Ltd and MORRISON Ltd both are working in the same industry. Their retail business is well grown in UK. These entities are offering a wide range of products to their customers and for their long existence it is prominent to timely assess the need of Learning and development. So can make them implemented and ensure the growth of the organization. Due to their different position in the market they both are having different level or requirement of L&D needs. Since the market cap of TESCO is wider than MORRISON so having more competition and more obstacles to get hindered. L&D programmes can eliminate such possibility and can lead the entity to get the dreams achieved. TESCO is being operated in UK and in more than twelve other countries at the same time MORRISON is mainly targetting the market of its subcontinent. MORRISON's diaspora consists England, Wales and Scotland (Alam and Raut-Roy, 2019.)So the factors which may give a surge to the need of L&D needs are more dynamic for TESCO relatively. The Learning and development needs are dependent on the organizations. Here are those factors which influence implementation of L&D(Zhang and Mei, 2020.)The main factors are Government policies, Line management involvement, Top management support, outsourcing and
external consultant etc. these factors are directly associated with the need of learning and development. All the organization keep different purpose, aim, mission, objectives etc. which creates difference in their requirements. One side TESCO Ltd is a bigger organization which is not only based in UK and conjoined countries but also working outside nation with around three lac employees having more than two thousand stores. Majority of its labours are in Britain yet the global impacts can't be ignored. The products of the entity are offering ample amount of choice to the customers and with the time it is getting reshaped to meed the challenges of the business environment. Specifically after uproar of the pandemics it got reshuffled and for faster recovery took a few drastic steps. The company is well-known for the services it offers and the mission and objectives it serves in favour of the well-being of all. As it has set the mission 'to be the champion for customers'. Mission refers to the aim for long time and with this regard entity is needed to build a strong base of employees(Rauf and Karjaluoto, 2019.) On the other hand MORRISON is also getting operated in the same sector yet having different mission and perspective. The mission of the company is 'To make and provide food'. Due to limited market grasp the entity is serving limited amount of people compare to TESCO. In MORRISON over one lac people are working which is one third of TESCO and having around five hundred supermarkets and eleven million customers so both companies are operating business with different features. Learning and development is a wider phenomenon in which education, skills building, training, attitude and aptitude, personal management are also included. It totally depends on the organizational needs and their policies. In order to remain competitive in the sector TESCO has adopted a well-articulated L&D program for the employees so can help them realize their potential and as such increase the performance overall. Since it is globally working so having greater diaspora of programmes(Minari, Brothers, and Morrison, 2018.)Different employees are from different class, education, skills, nationality and many other factors so the company always keeps this aspect in mind while implementing its programmes. As it is told TESCO is globally
approaching so the company is mainly focusing on Constructivist, Experiential and Social or Situational theories for Learning and Development programme. At the same time MORRISON which is not globally operating so limited factors are impacting the mission or vision of the entity. For serving customers and making place in the hearts of the local customers the entity has seven priorities which includes- Customers first, Teamwork, Freedom in the framework, Listening and responding, Driving sales, We care. It ponders over the local concerns and that's why the need of Learning and Development for MORRISON are not as aggressive as it is for TESCO, legal requirements are also less hyper. In MORRISON development occurs at all levels, including apprenticeships and courses for school- leavers, in house degree programmes, jobs and training for graduate recruits. For the employees whoareservingor directlygettinginteractedwithcustomersitishavingRetailSkills' qualification programme which enable them in doing the work with higher efficiency and in local market where TESCO is offering wide range or goods and services only way to looks different and position itself is offering something augmenting to the customers. For MORRISON assessment of need of L&D is easier since the influencing factors for the entity are fewer. Coaching programmes and communication of the progress is also easier for MORRISON at the same time TESCO is having more complications for assessment of Learning and development programmes. Global laws and other forces of environment pour on more burden on the entity to follow the norms. For instance in many countries worker participation in management is mandatory. Without competent workers it is not possible so for serving this purpose development programmes become more urgent to be implemented. So altogether it can be concluded that the need of assessment of Learning and Development programmes totally dependent on the organizational need and their characteristics. If the organizational structure is dynamic and the operations are wider and the mission is higher than there would be a quick need of adaption of learningand development.So it is totally organization based phenomenon where the traits of the organizations are driving factors to the need of assessment of learning and development.
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IMPACTS ON ROI Learning and development are directly related to the ability of an organization to generate profits. Over the time it is experienced companies with higher L&D implementation and priority are generating more revenues. But the fact can't be denied that all the companies are on their different needs of L&D(Pan, 2018.)Here it can also be said that installation of L&D won't impact all the entities similarly. There are number of methods are available for such assessment but it totally depends on the entities to decide the method of their choice which can meet their requirements. If an organization is green and did not achieve its potential then if it practices L&D then will be getting better results compares to the entity which is already experiencing the saturation stage. If an entity practices organizational analysis method to assess the requirement of learning and development then it would work differently. Here in this case if the method is being followed by TESCO then due to vast approach, global presence and bigger constellation of products it will show higher need of such programmes and the entity will practice it. Global market is a bit riskier than the local market due to presence of more rigorous business environment factors which also offers more possibility of generating revenues so in this case such programmes may drive to the organization to have higher ROI. MORRISON which is getting worked in the nation so this method will depict less need of such programme. For better growth and to ace the mission L&D programmes can be installed. This is a local market player and having less competition relatively so would be having low need of practician Learning and development programme comparatively. As it is generally perceived the risk factors are lower for the local players so the returns would also be lower. Implementation of such programmes will not give it exponential growth to the Return On Investment(Deshpande, 2022.) Performance analysis is the method which directly compares the actual and standard performance so can eradicate the deviations by learning and development programmes. If we put these facts together that at one side TESCO which is operating the business globally and having different standards for different markets so there is huge possibility of having deviations. Whereas MORRISON is working inside the boundary of nation so influencing factors are also limited as compares to TESCO. Further it is also having local market where setting standards is
easier. This method will impact more to the first entity. If the mission or the vision is quite upper than the actual performance, so the same method will influence more the ROI of MORRISON. In Cost Benefit analysis method the cost of overall operations and the derived benefits are compared. Here the case may depend on the market mood. For instance if local market is performing good which is often after CoVID-19 since the failure of global supply chain management has broken down the global market but the companies who were operating their business inside national boundary took advantage over others. So the cost benefit relationship will be positive. If this method is taken into and need of learning and development is assessed so it would help to MORRISON's ROI more than TESCO but the consequences can be vice verse if the local market is under inflation or low purchasing power. Content analysis is unique method in itself since this method look after the needs or requirement of certain job and then see the actuality then it suggests the need of learning and development programme. It will be impacting the ROI of entity since if they will make their services more diverse and competent than a more customers may get attracted, it would be leading to their earnings and end up with higher returns on investments. For MORRISON which is a local company if the method suggests need then it may get more share of the market. TESCO which is serving across the world have bigger market but for MORRISON local market is limited and other competitors are also performing vastly(Rajasinghe and Mansour, 2018.)By Learning and development programmes it can share more local market. So ultimately it will cause higher Returns on Investments. Nowadays the markets are so complex and if ones operate in global market then it is tougher. Development and learning requirements are mainly focused to build a strong base of the employees. They are not only service renderers to the company, but they are human assets. Their individual growth will ensure the success of the entire organization. This method helps in understanding the trends of the market if the trends are so dynamic then the requirement of L&D programme would be higher with this regard for TESCO such need will be rigorous since not only local but the global trends are also impacting the business so for copping it up the company will be deploying learning and development programmes(Parashar and Rai, 2020.)
In brief, it can be said that various methods of assessment of learning and development needs in an organization drive different implications on them, If return on investment is concerned then all methods are having their different impacts on different organizations. In this case TESCO and MORRISON are taken for the purpose of inter comparison. It is found that the organization which is being operated in many countries is having more requirement of L&D needs and also may drive more ROI since the risk and returns are positively correlated. At the same time MORRISON which is operating the operations in UK have less affecting factors so less requirement of L&D programmes(Arunyawat, Phansee and Arunyawat, 2020.)It is directly related to the potential of the entity and for TESCO the potential is almost touched but MORRISON which is still in limited market may go for achieving more. It can implement Learning and Development programmes in order to ace the potential and can go for exploration of global market. For avoiding the global competition TESCO can opt learning and development programmes. For further investments in other areas or to expand the business operations L&D will be assisting in the long run. CONCLUSION In conclusion, it can be said that the Learning and Development needs of various organizationsstronglydependsontheircharacteristics.Thereporthaddiscussedvarious methods of L&D need assessment. In the report it has been evaluated that how learning and development assessment needs are hugely dependent on the organizational characteristics. With this regard TESCO and MORRISON companies were taken. The report vastly discussed how suchdifferentmethodsoflearninganddevelopmentneedassessmentimpactsreturnon investment of different organization. The methods had been critically discussed in context of the taken companies. Report presented how different size, mission and potential L&D needs of the organization put greater impacts on the rate of return. The concerns for global and local company and associated implications were broadly discussed. At the end it can be concluded that L&D requirement is not a universal approach it is hugely dependent on the personal features of various organizations.
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