Discuss the Differences in Developing Employees for Their Current Job

question 2

Essay

Discuss the differences in developing employees for their current job versus for a future job and include an explanation of how the needs analysis differs.
A good answer will include a discussion of the reactive (current job) and proactive (future job) approaches to needs analysis.It will also discuss the types of training that are likely for each (traditional for current job and job rotation, and special assignments for the future job).

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Definitions:

Net Present Value

A method for evaluating the profitability of an investment, calculating the difference between the present value of cash inflows and outflows.

Monthly Interest Rate

The interest rate applied to a loan or debt for one month, often used to calculate the monthly interest payment.

Variable Cost

Costs that vary directly with the level of production or the volume of services provided.