Explain Reduced employee turnover – staff are more likely

Explain the importance of learning,
training and talent development in today’s business environment?

As we all
know that today’s business environment is highly dynamic. There are always some
or the other type of changes takes place in the business environment. So, there
is a great need to understand these changes and implement them in your
organizations in order to survive in this competitive market. Therefore to
introduce changes there needs proper training and development of employees so
that they can tackle the new circumstances. Here are some points which shows
the importance of learning, training and talent development: 

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Improved
employee performance –
the employee who receives the necessary training is more able to perform in
their job. The training will give the employee a greater understanding of their
responsibilities within their role, and in turn build their confidence. This
confidence will enhance their overall performance and this can only benefit the
company. Employees who are competent and on top of changing industry standards
help your company hold a position as a leader and strong competitor within the
industry.

Improved
employee satisfaction and morale – the investment in training that a company makes shows
employees that they are valued. The training creates a supportive workplace.
Employees may gain access to training they wouldn’t have otherwise known about
or sought out themselves. Employees who feel appreciated and challenged through
training opportunities may feel more satisfaction toward their jobs.

Addressing
weaknesses –
Most employees will have some weaknesses in their workplace skills. A training
program allows you to strengthen those skills that each employee needs to
improve. A development program brings all employees to a higher level so they
all have similar skills and knowledge. This helps reduce any weak links within
the company who rely heavily on others to complete basic work tasks. Providing
the necessary training creates an overall knowledgeable staff with employees
who can take over for one another as needed, work on teams or work
independently without constant help and supervision from others.

Consistency – A robust training and
development program ensures that employees have a consistent experience and
background knowledge. The consistency is particularly relevant for the
company’s basic policies and procedures. All employees need to be aware of the
expectations and procedures within the company. Increased efficiencies in
processes results in financial gain for the company.

Increased
productivity and adherence to quality standards – Productivity usually
increases when a company implements training courses. Increased efficiency in
processes will ensure project success which in turn will improve the company
turnover and potential market share.

Increased
innovation in new strategies and products – Ongoing training and upskilling of the
workforce can encourage creativity. New ideas can be formed as a direct result
of training and development.

Reduced
employee turnover –
staff are more likely to feel valued if they are invested in and therefore,
less likely to change employers. Training and development is seen as an
additional company benefit. Recruitment costs therefore go down due to staff
retention.

Enhances
company reputation and profile – Having a strong and successful training strategy
helps to develop your employer brand and make your company a prime
consideration for graduates and mid-career changes. Training also makes a
company more attractive to potential new recruits who seek to improve their
skills and the opportunities associated with those new skills.

Task: 2

Create a SWOT analysis of yourself as
a potential manager.

 

Strengths
 
·        
Good
communication skills
·        
Knowledge of
management
·        
Organizational
skills
·        
Worked as a
customer service representative so, have experience.
·        
Good analytical
skills
·        
Quick learner

Weaknesses
 
·        
Time Management
·        
Lack of
Confidence in dealing with people
·        
Lack of much
experience in management
 

Opportunities
 
·        
To gain
management experience
·        
Bright future
of service industry
·        
To work in a
competitive environment
·        
Boost to my
career in management
·        
Get experience
of dealing with people

Threats
 
·        
Unsupported at
work
·        
Company culture
·        
Lack of future
growth opportunities.
 

 

 

Task 3:

Discuss and explain the roles and
responsibilities of a Manager in a restaurant or bar in Singapore

In the role of hotel manager you would be
responsible for the day-to-day management of a hotel and its staff. You would
have commercial accountability for budgeting and financial management,
planning, organizing and directing all hotel services, including front-of-house
(reception, concierge, and reservations), food and beverage operations, and
housekeeping.

In larger hotels,
managers often have a specific remit (guest services, accounting, and marketing)
and make up a general management team.

While taking a
strategic overview and planning ahead to maximize profits, the manager must
also pay attention to the details, setting the example for staff to deliver a
standard of service and presentation that meets guests’ needs and expectations.
Business and people management are equally important elements.

Responsibilities

Managerial duties vary
depending on the size and type of hotel, but will include:

planning and organizing
accommodation, catering and other hotel services;
promoting and marketing the
business;
managing budgets and financial
plans as well as controlling expenditure;
maintaining statistical and
financial records;
setting and achieving sales and
profit targets;
analyzing sales figures and
devising marketing and revenue management strategies;
recruiting, training and
monitoring staff;
planning work schedules for
individuals and teams;
meeting and greeting customers;
dealing with customer complaints
and comments;
addressing problems and
troubleshooting;
ensuring events and conferences
run smoothly;
supervising maintenance,
supplies, renovations and furnishings;
dealing with contractors and
suppliers;
ensuring security is effective;
carrying out inspections of
property and services;
Ensuring compliance with
licensing laws, health and safety and other statutory regulations.

If you manage a large hotel
you may have less direct contact with guests but will have regular meetings
with heads of department to coordinate and monitor the progress of business
strategies. In a smaller establishment, you will be much more hands-on and