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9 - * 10 Lecture Employee/Managerial Development 9 - * Development refers to formal education, job experiences, relationships, and assessments of personalities and abilities that help employees prepare for the future. Comparison Between Training and Development 9 - * Comparison Between Training and Development Training Development Focus Current Future Use of work experiences Low High Goal Preparation for current job Preparation for changes Participation Required Voluntary Why is employee development important? 9 - * Why is employee development important? Employee development is a necessary component of a company’s efforts to: Improve quality Meet the challenges of global competition and social change Retain key employee Approaches to Employee Development 9 - * Approaches to Employee Development Formal Education Assessment Job Experiences Interpersonal Relationships Formal Education 9 - * Formal Education Formal education programs include: off-site and on-site programs designed specifically for the company’s employees short courses offered by consultants or universities executive MBA programs university programs in which participants actually live at the university while taking classes Examples of development programs at GE 9 - * Examples of development programs at GE Program Description Target Audience Courses Executive Development Sequence Emphasis on strategic thinking, leadership, cross-functional integration, competing globally, customer satisfaction Senior professionals and executives identified as high-potential Management Development Global Business Executive Development Core Leadership Program Development of functional expertise, business excellence, management of change Managers Corporate Entry Leadership Professional Development New Manager Development Experienced Manager Professional Development Program Emphasis on preparation for specific career path New Employees Audit Staff Financial Management Human Resources Technical Leadership Assessment 9 - * A
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