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1. Identify the four benefits to Siemens of its in-depth training and development of workers.
Siemens can get lots of benefits and advantages by its in-depth training and development of workers. The major benefits the company is getting from the training and development of employees are enhancement in services and customer feedback, getting more competitive as compared to their competitors and also generating more satisfaction for their job. The four main benefits Siemens is getting from training and development are:
1. Employees become more flexible as they are provided better training and these makes employees more adjustable to different roles and they can work for various roles in company. As we have seen Siemens is operating in different fields like automation, technology drive, financial software, medical, easily mobile, lightening, IT software’s, customer products and innovating new technologies. Hence in short we can say innovative solutions and novel inventions matters a lot to the company. Hence it is very important for the company to enhance the skills of employees through training and development
2. Generating more revenues: The Company earns more revenues through better training and development programs. As training bring enthusiasm, confidence and better performance in employees which helps them in managing their jobs very easily. An employee gets proper training and this helps the employees to develop new talents and they are able to overcome all the barriers in the professional life. This helps in increasing productivity of employees and reducing the mistakes. Hence if there is increase in productivity of employees productivity of company automatically gets increased. And this improvement in productivity will leads to better generating of revenues.
3. Long term employees: The Company believes in having long term relations with their employees. They start many new development and training programs even they have further study programmes which appeals employees to sustain in the company for longer period. As we know the recruitment cost of single employee is much higher than training costs. Hence it’s better to get employees trained in various innovative fields and decrease the cost of new recruitments.
4. Employee confidence, motivation and job satisfaction: Different types of training and development increase the motivation and confidence level of employees and hence they get satisfied with their job and enjoy working with company which helps in creating a healthier environment.
2. Explain how an appraisal system can help to motivate employees.
Normally appraisals are known as the maintaining a record of developmental requirements, potential and performance analysis of employees. Both employees and the employer are going to get advantages from the appraisal system as these helps in identifying the strengths and weakness of employees and make working more easily for them and how can them enhancing their performance for getting more productivity. During the process of performance appraisal the managers or supervisors properly identify, review and determine the documents and then they talk over it to the employees, which is very significant and valuable because the employees are waiting for feedback weather it is positive or negative. These helps in building proper communication among the employees and their managers and they can easily talk on the new ideas and technologies and express their developmental requirements. They together talk and set their new goals for the coming year. Decently managed performance appraisals are responsible for providing best motivational impact on employees. By making use of performance appraisal system the company helps the employees in determining whether they are working at their best or they need any mind of improvements. Performance management is a procedure by which directors and staffs work together to design, monitor and analysis a worker’s work purposes and complete influence to the association. Further, then just a yearly performance appraisal, performance management is the non-stop procedure of deciding aims, measuring progress and only if on-going training and response to safeguard that staffs are gathering their aims and career objectives. There are numerous benefits that the company is going to get from their appraisal systems:
• It makes sure the training programmes are properly made in use and it had positive impact on the productivity of company.
• These supports in giving all the information about the changes taking place in business world to the employees.
• It makes sure that all the employees get proper motivation.
• The company can get different type of ideas from different employees.
• It makes employees feel that they are getting involved.
3. Using your understanding of work of Herzberg, which motivators can you see in action at Siemens?
According to Fredrick Herzberg, the motivation theory given by him which are known as two-factor theory or hygiene theory of motivation are broadly used by every manager which are focusing on the nature of humans at job place. This theory of motivation is mainly categorised on the basis of two factors they are intrinsic factors and extrinsic factors. Intrinsic factors are attainments, recognition, and the work done by them, innovation everything linked to the gratification of job. Again the extrinsic factors are that which keeps employees dissatisfied are rules and regulations of company, mangers, work atmosphere, compensation, status, job security and also interpersonal relations. The factors that are existing in company are:
Responsible: The Company treats all of the graduates and staff members as equally responsible and accountable. The company believes in getting highly skilled individuals, with high efficiency and knowledge and decent capability of performing work. Hence Siemens wants to make their staff members accountable for their work.
Innovation: The Company have to give employees advanced training, many graduate plans for their career development. They also give required qualification to employees if they want. Hence employees feel that they getting better platform in advancing their career.
Recognition: Company has to identify the hard work of their people and has to reward employees for outstanding performance, which motivates employees. This is applicable in Paul Thomson case of Siemens.
4. Analyse how Siemens uses training and development to ensure growth in its business.
Training and developments plays an important role in growth of any company. Company use to set their long term objectives which only are responsible for the success of business and these objectives are the pointers to ensure growth and success of business. The training and development programme of Siemens is designed is such a way that they have minimized the new recruitments costs as these training programmes helps in career development of employees and they sustain in company for longer period. Training and development helps the employees in enhancing their skills and talents and they give best productivity which automatically increases the productivity of company and generates more revenues for company ensuring financial growth of company. The company provides the training of different fields and most innovative technology to their employees and also provides them further education if the employees are interested which helps the employees to apply for different jobs in company. As the employees of the company are well trained they are able to satisfy all the needs of their customers and hence build a good image of company among people. The most important part is that the company treats their employees’ similar manner they want the employees to treat with their customers. Hence this gives huge growth to the business of the company. So we can say that the growth of company depends on the satisfaction of employees and customers. Hence only employees can keep the customers happy.
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