Scenario 5.1: Is Training Worthwhile

question 137

Multiple Choice

Scenario 5.1: Is Training Worthwhile?
Co-op Credit is a large credit union in Manitoba.Its training program is one that develops financial service representatives.The training consists of several modules,and each is evaluated upon completion.In-house and classroom-based modules teach content,such as computer literacy,cash duties,and introduction to the credit union's products and services,and progresses through to more advanced training,such as consumer lending practices,estates,and minimal mortgage lending.Each three- to five-day module is followed by a work period of three to 12 months,so that employees can apply their knowledge.Training is measured by having participants complete a satisfaction survey at the end of the classroom training,writing exams,and having managers conduct performance reviews on the job-specific competencies that were learned during the training sessions.Co-op Credit union provides development resource kits,which include career assessments,training courses,seminars,books and work opportunities to all their employees.They provide leadership development training and mentoring to their managers.Coop Credit has increased their attention on talent management as a way to attract and retain top talent.
-Please refer to Scenario 5.1.The Coop Credit Union plans to implement a new cash-lending module.After the training,they plan to track performance by measuring the number of call-outs to customers and the number of sales.Which type of training evaluation are they planning on using in this situation?

• A)reaction
• B)results
• C)behaviour
• D)learning

Interpret financial ratios and their implications on firm’s growth and financial health.

Understand the foundational reasons for studying Operations Management.

Recognize the primary functions and tasks within various organizations that pertain to Operations Management.

Identify significant historical figures and their contributions to Operations Management.

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