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Chapter
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1
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Introduction
to
Managing Training and Development Finance
This chapter considers: the difficulty of cost-justifying
training and development (T&D); matching individual training
needs to performance imperatives; and the bridge between
training and performance. |
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2
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Definition
of Terms : What Does Managing Training and Development Finance
Involve?
This chapter covers the definition of the following terms:
performance deficits and interventions; T&D as a cost or an
investment; and T&D as strategic to an organization.
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3
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The
Evolution of Managing Training and Development Finance
This
chapter looks at the evolution, over the years, of current
thinking about managing training and development finance in
terms of: the time-line of evolution in T&D finance; a
checklist of costs and benefits; and connecting training
to the job.
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4
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The
E-Dimension
This
chapter looks at the considerable opportunities that the e-dimension
offers to team leaders and their people in terms of: the
e-dimension as a method of improving the cost-effectiveness
of training; and the Internet as a source of information.
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5
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The
Global Dimension
This
chapter looks at the threat posed by global stakeholders in
managing training and development finance planning in terms
of: the centralize/decentralize argument in T&D planning;
the cultural dilemma at different levels of training spend;
and maintaining a global T&D plan.
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6
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The State of the Art
This chapter looks at the elements involved in creating:
a model for planning and allocating resources to T&D; the
link between this model and the cost-justification of T&D;
and an electronic template for assessing return on investment.
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7
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Managing
Training and Development Finance in Practice
This chapter details the steps involved in proving the financial
worth of T&D by considering: a case study of a service organization
seeking to redirect the HR team and improve the HR contribution
to the company; using the return on investment (RoI) model
to justify a major change project; and using interventions
to ensure projects achieve their objectives.
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8
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Key Concepts and Thinkers
The main part of this chapter describes the key words and
concepts used in the topic: useful and usable performance
measurement indicators; education and training as productivity
tools; and training in areas such as leadership and teamwork
as strategic disciplines.
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9
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Resources
Resources This chapter refers to books, Websites, and other
publications relevant to the T&D finance topic.
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10
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Ten
Steps to Managing Training and Development Finance
Finance is only one element of the training and development
plan. Get it into the context of your and the organization's
plan by going through these ten steps. |
