BENCHMARKING TRAINING FUNCTION
Introduction
Benchmarking is the process of comparing ones product line processes and performance metrics to industry bests and/or best practices from different industries. Benchmarking involves management identifying the best firms in their industry, or any opposite industry where similar processes exist, and comparing the results and processes of those canvass (the targets) to ones own results and processes to apprize how well the targets perform and, more importantly, how they do it.
This report deals with benchmarking in 5 of Indias IT companies:
1) Infosys
2) Cognizant
3) HCL
4) Accenture and
5) TCS
We look at what benchmarking is; the various parameters studied for benchmarking and also at how these companies fare on these parameters. The parameters used for affinity are:
* Training Period
* Training Delivery Methods
* LMS Installation Type
* Training Staff- Learner Ratio
* Rewards and Recognition
* Minimum Number of Training Hours Required
* Types of Training
* Evaluation Techniques and
* ploughshare of revenue spent on training
What is benchmarking?
The term benchmark comes from study where it was used to denote a notch or mark representing a given altitude and against which some other heights could be calibrated or benchmarked, since when it has come to mean any ideal against which something is compared; and some of the leading exponents in business include go off and GE. In business terms there are numerous definitions of benchmarking, but essentially it involves learning, sharing information and adopting best practices to incur about step changes in performance. So, at its simplest, benchmarking means: improving by learning from others i.e. ? benchmarking is simply about making comparisons with other organisations and then learning the lessons that those comparisons throw up
Benchmarking can be defined as:
A...If you want to get a panoptic essay, order it on our website: Orderessay
If you want to get a full essay, wisit our page: write my essay .
No comments:
Post a Comment