Redefining Workplace Learning: Training, Development & Profitability

This report highlights the critical role of training and development in enhancing organizational effectiveness and efficiency. It examines the positive impacts of employee training on profitability, including providing a suitable framework, optimizing workforce capacity, aligning employees, preparing guidelines, and boosting morale. The report also discusses budgetary considerations in human resource management, emphasizing the need for effective planning and execution to support employee training initiatives. Furthermore, it reflects on potential changes within organizations to improve training programs and human resource management practices, suggesting that companies should adapt their training sessions to align with environmental changes and prioritize human resource management for sustained success. The report concludes by underscoring the significance of training and development and effective budget management in shaping a better future for organizations, recommending that companies utilize these strategies to enhance their market position.

Redefining Workplace Learning

Table of Contents
Introduction....................................................................................................................................2
Assessment 2...................................................................................................................................3
Examine the impact of employee training and development on organizational profits..........3
Discuss budgetary considerations in human resources, such as accommodating the need for
employee training...........................................................................................................................5
Reflect on this within your own organization, and propose changes for the future................7
Conclusion......................................................................................................................................8
References.......................................................................................................................................9

Introduction
The project report highlights the need and impact of training and development within an
organisation so that it can enhance the level of effectiveness and efficiency that is required for
proper and adequate operations. Apart the project report provides, in brief, the benefits that can
be availed by the concerned organisation with proper adoption and implementation of the
training and development. Further, the project report has focused on the consideration of the
budget factors in human resource management. In addition, the entire report has elaborated that
how the benefits of the training and development can lead to shape a better future for the
organisation. The project report further suggested many useful recommendations and suggestion
that can support the concerned organisation in occupying a better and strong position in the
market.

Assessment 2
Examine the impact of employee training and development on organizational profits.
Training and development is a very crucial aspect of every form of organisation whether it is a
manufacturing concern or service concern. Every organisation is required to take appropriate
measures and steps to properly adopt and implement the training and development activities so
that the workforce of the organisation are able to enhance their skills for the proper growth and
development of the organisation (Armstrong & Taylor, 2014). Further, the organisation can also
be able to have a strong and value position in the market. There are various positive impacts that
can be observed by the organisation in relation to the proper training and development. As such
the Sollatek is required to have a proper observation on the factors related to the training and
development. Following impacts can be observed of employee training and development on the
profitability of the organisation:
Provides a suitable framework: Training and development act as a base in the providing a
proper and adequate framework in relation to the conduct of the activities. This, in addition,
ensures that the activities are properly managed to lead to the achievement of the goals and
objectives of the overall organisation. Besides, activities related to the training and development
ensures that the employees in the organisation get more skills and knowledge related to a specific
job so that the better performance can be achieved leading to the efficiency in the operations that
in turn will enhance the level of profitability.
Brings out the optimum capacity of the workforce: Training and development ensures that the
skills and capacity of the workforce and all the personnel is enhanced in a better way so that they
can work in their best capacity. This will bring specialisation in the organisation and will ensure
that all the activities and operations are properly managed and performed. In such case when the
activities are performed in a proper format the company will be able to attract the customers
leading to enlarge sales and enlarged profits (Alfes, et. al., 2013).
Supports in aligning the employees at all levels: Training and development ensures that the
employees working at different levels in different departments are properly coordinated in the

performance of their activities and operations so that they work in a positive manner and move
towards a single direction that is towards to the achievement of the organisational goals and
objectives. This will; further enable the Sollatek to have better profitability so as to focus on the
terms of growth and sustainability (Alfes, et. al., 2013).
Support in the preparation of proper guidelines: Activities related to the training and
development provide proper guidelines to all the workforce in the organisation so as to avoid any
sort of confusion and that will, in addition, ensures that the activities are performed in a suitable
manner leading to enlarge level of profitability. This will ensure that the company can have a
better and strong position in the market.
Support in boosting the morale of the workforce: Workforce of the organisation is boosted to
perform well when their skills and knowledge are enhanced. Training and development facilitate
the employees in the organisation to upgrade their skills and knowledge that will, in addition,
ensure that they perform their operations in the more better way leading to greater profitability
and growth (Obeidat, 2012).
With all the above aspects it can be concluded that the facts and aspects related to the training
and development are very crucial in order to have the proper conduct of the activities that can
support the company to grow leading to enlarge profitability. Besides, it is essential that the
Sollatek make a proper and continuous evaluation of the training performances so that the level
of performance of all the employees in the organisation can be judged and recorded for future
strategic parameters. This will in other terms will boost the employees to perform well as they
will know that their performance is recorded which in turn will support them in the attainment of
their personal objectives.

Discuss budgetary considerations in human resources, such as accommodating the need for
employee training.
Management of human resource is very vital and crucial in every form of organisation. For
effective growth and success, it is important that the human resources are managed in an
effective manner. In addition to the development and growth of the business, it is very essential
that the activities are carried in conform to the resources available to the concerned company. For
the purpose, it becomes vital to make a continuous improvement on the human resources so that
the activities can be done for the achievement of the goals of the organisation (Vaiman, et. al.,
2012). However, managing the human resource requires effective planning and execution of the
budget.
In this relation, the Sollatek is required prepare a proper human resource budget in order to avoid
all sorts of barriers in the smooth conduct of the business. This includes a proper forecasting,
analysis of jobs, developing the skills and knowledge of the entire workforce and the ancillary
personnel and focuses on the preparation of the short as well as a long-term plan so as to clarify
the vision of the company. In addition, the preparation of budget of the human resource requires
that all the expenses of significant nature whether it is related to the present activities or the
forthcoming activities so that proper command can be maintained and all the contingencies can
be handled in an effective manner.
Adequate funding for the activities is very crucial to analyse the importance of the human
resource as it involves various activities that are very crucial for the establishment of strength
issues that can generate many new opportunities. Apart, this will allow the Human resource
authorities to have a proper control on the cost rather than the cost controlling the efforts of the
human resource. Besides activities and the operations of the Human resource may vary with the
changed patterns in the budget factors. In addition to proper timeframe, work evaluation is
required to be made so as to enhance the effectiveness and the level of efficiency of the
employees and the overall organisation (Alghareeb & Wadi., 2016).
Therefore the personnel engaged in the preparation of the human resource budget must clearly
and adequately understand the activities of the business so that an effective budget can be set that

can lead to the attainment of the organisational goals and the objectives. Apart, proper control
and focus are required to be made on the aspects and the facts that can properly link the set
budget with the goals and objectives of strategic importance within the policies and the
guidelines that are framed by the organisation for the conduct of the operations (Karim, et. al.,
2012).
For the preparation of the budget following factors can be considered by Sollatek:
 Fresh programmes that are to be implemented.
 Actual expenses that are incurred in the current year.
 The expected rate of turnover.
 Changes in the policies and the strategies framed by the organisation.
 Expected expenses that can incur in new plans.

Reflect on this within your own organization, and propose changes for the future.
Training and development are very crucial and important for the smooth conduct of the activities.
Training and development ensure that the employees working in the organisation be able to
enhance their skills and capabilities in order to have better effectiveness and efficiency in the
operations. In my opinion, Sollatek is required to make proper efforts on the implementation of
the training sessions so that the entire workforce of the Sollatek is able to enhance the skills and
perform to the best of their ability (Reyes, 2018). In addition, I observed that with the fast and
rapid changes in the internal as well as the external environment demands that the level of skill
and knowledge of all the employees must be properly managed so that it can lead to the better
position in the market. Apart, in my opinion, Sollatek must make appropriate changes in its
training session in accordance with the changes in the environment so that workforce is properly
trained to manage with the changing needs leading to better efficiency in the operation and
thereby in turn having a better position in the market.
In addition, in relation to the management of the human resources, I think that the activities and
aspects of this issue are very important to have effectiveness and efficiency in the operations. In
my opinion, human resource management is the vital asset of the organisation and as such, it is
required to be handled with proper care and measures. In addition, I think that in order to carry
the activities and the operations of the human resource it is essential that a proper budget is set so
as to have a proper estimation of all the expenses that are required to have smooth operations.
Sollatek, in order to have the proper focus on all the activities and conduct of the business, must
prepare a proper budget format so that the activities are properly coordinated and managed.
For the purpose, I think that the Sollatek must have a proper observation of the environment so
that a proper understanding can be grasped. Apart, this will make it possible for the Sollatek to
have all the positive and negative consequences that can affect its activities and operations. In
addition, I believe that in order to build a strong and value position in the market, it is necessary
to have the proper focus on the aspects and facts of the training and development and also on the
preparation of the effective budget that can enhance the activities of the human resource
management. This will ensure that the Sollatek can have a better position in the market and
thereby competing in very good terms in the near future (Mura, 2012).

Conclusion
The entire project report concludes on the need of the training and development in an
organisation. In addition, the benefits that can be availed from proper and adequate adoption and
implementation of the training and development that can further ensure that the goals and
objectives of the concerned company can be achieved. The project report further concludes on
the management of the human resources for better and effective operations. For the purpose, the
requirement for the preparation of the budget is also been discussed so that the activities are
coordinated in a better manner. Apart, the report has properly concluded on how the training and
development can support the concerned organisation in the current as well as the future conduct
of the activities. Besides, the report concludes with various suggestions and recommendations
that can be utilised by the company in order to shape a better and enhanced future.

References
 Alfes, K., Truss, C., and Gatenby, M., 2013. The relationship between line
manager behaviour perceived HRM practices, and individual performance: Examining the
mediating role of engagement. Human resource management, 52(6), pp.839-859.
 Armstrong, M. and Taylor, S., 2014. Armstrong's handbook of human resource management
practice. Kogan Page Publishers.
 Obeidat, B.Y., 2012. The relationship between human resource information system (HRIS)
functions and human resource management (HRM) functionalities. Journal of Management
Research, 4(4), pp.192-211.
 Vaiman, V., Scullion, H. and Collings, D., 2012. Talent management decision
making. Management Decision, 50(5), pp.925-941.
 Alghareeb, M. M., & Wadi., R. M. A., 2016. The Impact of Professional Training and
Development Practices on the Employees Performance: A Case Study of Ministry of
Education in Bahrain. International Journal of scientific research and management.
 Karim, R., Huda, K. N., & Khan, R. S., 2012. Significance of Training and Post Training
Evaluation for Employee Effectiveness: An Empirical Study on Sainsbury’s Supermarket
Ltd, UK. International Journal of Business and Management.
 Mura, L., 2012. Performance Of Human Resource Management In An Internationally
Operating Company. Serbian Journal of Management.
 Reyes, M. D., 2018. Performance Management Training in the Philippines. [Online]
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philippines/leadership-management- training-philippines/performance- management training-
philippines/ [Accessed: 29 March 2018]