IB Business Management Topic 2.4.9 Types of Training Revision Notes (SL/HL)

IB Business Management Topic 2.4.9 Types of Training Revision Notes (SL/HL) | RevisionDojo

Written by official IB examiners

Types of Training

Training equips employees with the skills and knowledge they need to succeed.
Cutting corners or poor planning in training can backfire, leaving managers having to pick up the pieces after.
Three main types of training include: induction, on-the-job, and off-the-job.

Induction Training: Setting the Foundation

Definition

Induction training

Induction training is the process of introducing new employees to the organization, its culture, and their specific roles.

Key Components of Induction Training

Company Overview: History, mission, and values.
Policies and Procedures: Health and safety, code of conduct, etc.
Role-Specific Training: Basic duties and expectations.
Introductions: Meeting team members and key stakeholders.

Advantages of Induction Training

Faster Integration: Helps new hires become productive quickly.
Reduces Errors: Minimizes mistakes by clarifying expectations.
Boosts Confidence: Makes employees feel welcomed and valued.
Lowers Turnover: Reduces the likelihood of early resignations.

Example

A new software developer at a tech firm might spend their first week learning about the company's coding standards, meeting their team, and familiarizing themselves with project management tools.

Limitations of Induction Training

Time-Consuming: Can delay the start of actual work.
Overwhelming: Too much information at once can be hard to absorb.
Resource-Intensive: Requires planning and coordination.

Tip

Effective induction training should be structured and interactive, allowing new employees to ask questions and engage with the material.

On-the-Job Training: Learning by Doing

Definition

On-the-job training

On-the-job training involves employees learning skills while performing their tasks in the workplace.

Methods of On-the-Job Training

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Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

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Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Duis aute irure dolor in reprehenderit

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Note

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Excepteur sint occaecat cupidatat non proident

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Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

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Types of Training

Training equips employees with the skills and knowledge they need to succeed.
Cutting corners or poor planning in training can backfire, leaving managers having to pick up the pieces after.
Three main types of training include: induction, on-the-job, and off-the-job.

Induction Training: Setting the Foundation

Definition

Induction training

Induction training is the process of introducing new employees to the organization, its culture, and their specific roles.

Key Components of Induction Training

Company Overview: History, mission, and values.
Policies and Procedures: Health and safety, code of conduct, etc.
Role-Specific Training: Basic duties and expectations.
Introductions: Meeting team members and key stakeholders.

Advantages of Induction Training

Faster Integration: Helps new hires become productive quickly.
Reduces Errors: Minimizes mistakes by clarifying expectations.
Boosts Confidence: Makes employees feel welcomed and valued.
Lowers Turnover: Reduces the likelihood of early resignations.

Example

Limitations of Induction Training

Time-Consuming: Can delay the start of actual work.
Overwhelming: Too much information at once can be hard to absorb.
Resource-Intensive: Requires planning and coordination.

Tip

Effective induction training should be structured and interactive, allowing new employees to ask questions and engage with the material.

On-the-Job Training: Learning by Doing

Definition

On-the-job training

On-the-job training involves employees learning skills while performing their tasks in the workplace.

Methods of On-the-Job Training

Definition

Paywall

(on a website) an arrangement whereby access is restricted to users who have paid to subscribe to the site.

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Note

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam quis nostrud exercitation.

Excepteur sint occaecat cupidatat non proident

Tip

Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris.
Duis aute irure dolor in reprehenderit in voluptate velit esse cillum.

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

IB Business Management 2.4.9 Types of Training Notes

Unit 1: Introduction to Business Management - Core operational components and business functions6 subtopics

Unit 2: HR Management - Motivation, Structure, Hierarchy7 subtopics

Unit 3: Financial Management - Accounting, Ratio evaluation, Core Financial Documents9 subtopics

Unit 4: Marketing Management - The 7 P's, strategies and forecasting6 subtopics

Unit 5: Operations Management - Production Methods, Production planning and management9 subtopics

BM Toolkit - Core business frameworks and tools15 subtopics

Types of Training

Induction Training: Setting the Foundation

Key Components of Induction Training

Advantages of Induction Training

Limitations of Induction Training

On-the-Job Training: Learning by Doing

Methods of On-the-Job Training

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account

Types of Training

Induction Training: Setting the Foundation

Key Components of Induction Training

Advantages of Induction Training

Limitations of Induction Training

On-the-Job Training: Learning by Doing

Methods of On-the-Job Training

anim nostrud sit dolore minim proident quis fugiat velit et eiusmod nulla quis nulla mollit dolor sunt culpa aliqua

Duis aute irure dolor in reprehenderit

Excepteur sint occaecat cupidatat non proident

Unlock the rest of this chapter with a free account