Managing Human Resources: Learning and Development Strategy for Aston Martin
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Added on  2023/06/18
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This report discusses the learning and development interventions for Aston Martin, a British automotive company. It covers the role of the learning and development team, considerations for assessing and planning training events, training needs at different levels of the organization, and more.
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Table of Contents INTRODUCTION...........................................................................................................................3 Learning and development Strategy................................................................................................3 Role of Learning and Development team and link in delivery of business strategy.......................3 Outline the consideration to assess and plan what is required for business to focus and invest.....3 Describe Wider Organisational Influences......................................................................................4 Identify the training needs at different levels of Organisation........................................................4 Systematic approach to plan training event.....................................................................................4 Approach and Method taken in Formulation of learning and development Strategy......................5 Factors affecting learning and development strategy......................................................................5 Advantages and disadvantages of Training Methods and also explain the types of learning intervention......................................................................................................................................5 Approach to measure learning and development intervention........................................................5 Approach to Evaluate the Return on Investment.............................................................................6 External Factors that affect the Learning and Development Plans..................................................6 CONCLUSION................................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION The report is based on Managing human resources that include learning and development interventions to the business. The Chosen Organisation for accomplishing this project is Aston Martin; it is a British automotive company that deals with luxurious cars known for its beautiful and unique design. The Company has 3000 employees in its business unit, the managing director of firm is focusing on providing learning and development programmes which helps in boosting the capabilities, skills and knowledge of employees so that they can give productive outcomes in Organisation and also they are focusing on key learning and development practices especially post pandemic and its impact to operation and employee engagement(Ketchen Jr and et. al., 2017). Learning and development Strategy The Strategy of Aston Martin is to increase and focus on development of employee’s capabilities, competencies, skills and knowledge after pandemic so that they can give better output and remains successful. The Company must develop clear objectives which must include leveraging management training programs in order to develop the human capital and also ensure the strategic placement skill sets at management level and talent pipeline. Role of Learning and Development team and link in delivery of business strategy The role of learning and development team is to create and deliver the training programmes to employees in order to boost their morale and motivation so that they can contribute their efforts after pandemic. Learning and development team focuses on assisting the organisational successbydevelopingandcoachingtheemployees.Throughlearninganddevelopment programs Staff can acquire new skills, perform better, sharpen the existing skills, enhance the productivity and be a great leader(Hughes and Byrd, 2017). The business strategy of Aston Martin is to improve the capabilities, competencies and skills of employees so it can be possible by aligning with learning and development team through which company can focus on the development of Staff.
Outline the consideration to assess and plan what is required for business to focus and invest Aston Martin must focus on investing in their workforce and their engagement level in Organisation. It is important for the company to ensure that their staff must be engaged in work and contribute their best performance especially post pandemic. They must know how to influence and attract more and more people towards the brand. The Employees plays an important role in promoting and delivering the excellent customer services to their consumers so it is essential to organise learning and development program for Staff in order to improve their efficiency and performance. Describe Wider Organisational Influences There are various key learning interventions which is required for short term as well as long term impacts and also helps employees to learn something new and different that increases the knowledge and skills of Staff. The Learning interventions are of many types they are on the job training,seminar,conferences,experimentallearningsessions,e-learningmodules,virtual instructor led training, webinars and many others. Through using these learning interventions in order to enhance the capabilities and abilities of employees it helps in creating short term as well as long term impact on their performance(Holland and Leslie, 2018). As due to COVID 19, Aston Martin is providing training to their employees through online mechanism so that they can enhance the morale and efficiency. Identify the training needs at different levels of Organisation There are three different levels of organisation they are operational level, organisational level and individual level. Organisational level:The training needs required at organisational level are to align the training program with business goals. Operational Level:At operational level, training is provided to employees in order to achieve the specific level of proficiency. Individual Level:In Individual level, training is required to reduce the gap between expected performance and actual performance of Staff.
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Systematic approach to plan training event The systematic approach to plan training event is to analyse the employee’s skills and capabilities after pandemic and according to their knowledge, company have to plan the training event which helps in providing learning to people so that they can achieve specific outcomes. Approach and Method taken in Formulation of learning and development Strategy The approaches and method taken in formulation of learning and development strategy is to focus on attracting and retaining the employees by focusing on improving their productivity. The motive of formulating the learning and development strategy is to create a value based culture in Organisation. Factors affecting learning and development strategy There are various factors that affect the learning and development strategy they are intellectual factors, learning factors, physical factors, mental factors and emotional factors. The physical factors affect the learning and development strategy as people with ill health is not able to learn and grow properly(Gary, 2019). The mental factors also influence the learning and development strategy as people perceives the knowledge with different attitude so it also affect the learning of individual. Advantages and disadvantages of Training Methods and also explain the types of learning intervention Training methods and types of learning Intervention On the job Training Advantages:Easy to Organise the program and also complete at short notice. Disadvantages:It fails to bring new ideas and skills into business. Technology based learning Advantages:It helps in encouraging individual learning and collaboration. Disadvantages:It distracts the employees from training programs due to network issues or any other reason.
Approach to measure learning and development intervention The approaches to measure the learning and development intervention is to implement the pre and post assessment and also use SMART goal setting. Aston Martin must also ask for the feedbacksfromemployeesregardingthetrainingandmeasuretheengagementlevelof employees during the process. Approach to Evaluate the Return on Investment The two approaches to evaluate the return on investment are Net present value and Internal Rate of Return. The return on investment is calculated by taking actual income and subtracting from actual costs. The types of measure for return on investment include net income, total return, capital gain and annualised return. External Factors that affect the Learning and Development Plans The External factors include the economic conditions and technological advances. These factors affect the learning and development plans as if company adopts new technology in its business unit it requires training programs so that employees can learn about the principles and functioning of new machine(Singh, Burgess and Heap, 2016). The technology affects the learning and development plans, as organisation has to develop new strategy and plans to provide training and improve the performance and efficiency of Staff. CONCLUSION From the above information it is being concluded that it is necessary for the Organisation to improve the efficiency and skills of employees by providing them learning and development activities through which they can perform better and give productive outcomes.
REFERENCES Books and Journals Gary,M.E.,2019.ManagingToxicLeaders:AnExplorationofHumanResources Management'sRoleinMitigatingtheImpactofLeaderImposedToxicityon Organization, Individuals, and Other Stakeholders(Doctoral dissertation, Saint Leo University). Holland, J. and Leslie, D., 2018. Human resources and managing the workforce.Tour operators and operations: development, management and responsibility, pp.219-245. Hughes, C. and Byrd, M., 2017.Managing human resource development programs: Current issues and evolving trends. Springer. Ketchen Jr, D. J and et. al., 2017. Managing human capital.The Oxford Handbook of Strategy Implementation, pp.283-311. Singh, S. K., Burgess, T. F. and Heap, J., 2016. Managing performance and productivity for organizational competitiveness.International Journal of Productivity and Performance Management.