Running Header: ON THE JOB TRAINING

On the Job Training

[Name of Course]

[Name of Organization]

Table of Contents

Introduction3

Discussion3

Recruiting plan and selection strategy4

Performance evaluation5

Training and development8

Conclusion11

References12

On the Job Training

Introduction

I am currently working as a branch manager for a bank and got promoted to a district manager. Now I have to find a replacement for my previous job. In this paper, I will discuss about the situation of my promotion to a district manager from a branch manager of a bank. This paper aims to address my supervision for my replacement of the branch manager. For this purpose, I will discuss the recruiting plan and selection strategy followed by performance evaluation strategy for the new employee. In last I will analyze training and development for the above said position.

Discussion

In today's competitive market it is important for organizations to utilize their resources effectively in order to gain competitive edge. Skilled employees that add value to organizations are vital to their success, and therefore firms are fighting for skilled human resources (Ullah, 2010). Human resources need to be managed just like financial, physical and information resources. According to John Storey, “it is the human resources that give competitive edge” and therefore should be selected carefully and developed in order to achieve employees' commitment (Storey, 1995). In the service sector and especially in the financial services sector the major part of the staff are highly educated and highly skilled. It is important that high-skilled employees who are hard to replace don't leave their jobs for a more lucrative position elsewhere. High skilled employees can be very costly to replace and the loss of co-workers can result in lower employee morale in the workplace and therefore it is something employers should want to avoid (Sandler, 2008). One way to prevent high employee turnover is to hire the right people in the first place, and in this respect selection methods become important. By using the right selection methods one can ensure that the candidate not only has the right skills for the job, but also possesses the right personality to fit into the existing organizational culture. Once that “right” person has been employed, it is crucial that he or she chooses to stay in the company and is given the right incentives to do so. Here, employee retention comes into play, which is where focus has to be placed in order to keep skilled and valued employees. If employees leave it incurs the costs of going through the recruitment and selection process all over again (Ullah, 2010). After the financial crisis and recession organizations are again starting to recruit an increasing number of employees and trying to retain current ones since there is a rising demand on goods and services. The topics of selection and retention are present in countless Human Resources books and journals and are growing in importance (Sandler, 2008). Therefore the question of employee selection and retention is a noteworthy and relevant topic in today's business world.

Recruiting plan and selection strategy

While there are many ...