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Important Elements in The Case: SIEMENS: Training and Development As A Growth Strategy

Siemens uses training and development as a key growth strategy by identifying skill gaps, developing entry-level programs, and measuring training effectiveness. Some benefits of their approach include having a flexible, adaptable workforce across different industries, improved productivity and revenue, and long-term employee commitment. Their training programs aim to improve individual and company performance, ensure high productivity, increase employee retention, and boost customer loyalty and quality to achieve better business results.

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Niharika Manchal
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91 views2 pages

Important Elements in The Case: SIEMENS: Training and Development As A Growth Strategy

Siemens uses training and development as a key growth strategy by identifying skill gaps, developing entry-level programs, and measuring training effectiveness. Some benefits of their approach include having a flexible, adaptable workforce across different industries, improved productivity and revenue, and long-term employee commitment. Their training programs aim to improve individual and company performance, ensure high productivity, increase employee retention, and boost customer loyalty and quality to achieve better business results.

Uploaded by

Niharika Manchal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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IMPORTANT ELEMENTS IN THE CASE

SIEMENS : Training and Development as a Growth Strategy


Workforce Planning – Identifying Training needs
• Right number of people, right time and right skills
• Identify present and future skill and talent gap
• Workforce planning Model : Environment, Current and Future Profile, Analysis, Needs
• Predict and adapt to Business needs continuously
 
Entry Level development program
• Apprenticeships :  Off college,  Build relationship, long term trust
• Siemens Commercial Academy : Skills acquired : HR, Accounting, Communication, Finance
• Siemens Graduate Programs :  Three core areas : Engineering, IT, Business
 
Benefits attained through training and development 
• Flexible adaptable employees : Automobile, Energy, IT, Healthcare
• Improving productivity and earning more revenue
• Long-term employee commitment : Increased attachment
IMPORTANT ELEMENTS IN THE CASE
SIEMENS : Training and Development as a Growth Strategy
(Continued)

Measuring Training effectiveness

• Development opportunities identified at the beginning of year


• Trainings administered in relevant areas and monitored
• Ongoing feedback session and identifications of new areas
• Once skills are up to date – deployed in relevant areas
 
Training and business objectives 
 
• Improves performance of individuals and in turn the company
• Remain competent and deliver with high productivity
• Employees stay longer in the organization
• Customer continuity, loyalty and quality increases – ensures better business results

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