Preview

Why I Want to Excute a Training Bond

Good Essays
Open Document
Open Document
496 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Why I Want to Excute a Training Bond
WHY I WANT TO EXCUTE A TRAINING BOND

Knowledge is power and knowledge, once imparted, cannot be retrieved. Organizations make very important investments in its people’s knowledge by way of trainings, and as expected from any investment, returns in form of improved work quality, increased productivity, lower turnaround times, and higher profits and/ or a larger market share are expected. Signing a training bond is predominantly conceived to be a form of legalized and consented employee slavery; however, this is clearly not the case with Fidelity Bank. For the most part, this slavery usually suggests that the employee is in a disadvantaged position; but in this case, it seems more of an unfair deal to Fidelity Bank as the value and knowledge imparted upon the employee as a result of the training and subsequent experience will clearly outmatch Fidelity Bank’s overall return on training investment. My foremost reason to execute a training bond with Fidelity Bank is because it affords me the outstanding opportunity to be part of a winning team. Only a bank with a winning and formidable strategy could have had the ability to acquire a distressed bank. Fidelity Bank was able to pull-off this feat and this makes the bank a leading stakeholder in the Nigerian financial and economic sector. I, by all means, would give what it takes to become a part of this winning team; not only as a benefactor of the rich experience and exposure the bank offers, but as a key agent in the achievement of the bank’s overall objectives. Secondly, the core values of Excellence, Ethics, Teamwork, Trust, Passion for customers and Continuous learning which drive the bank, is one of the secrets for its amazing excellence and its quest for global dominance. With my passion and enthusiasm for seeing a better economic state in our Nigeria, executing this bond, and consequently, being a part of this winning team will be in line with achieving my personal goals as well as that of the Bank and

You May Also Find These Documents Helpful

  • Better Essays

    Critical Thinking

    • 1954 Words
    • 8 Pages

    Ms. Khali gives several reasons for her having an issue with the training program that is being requested by Mr. Clarke. Her reasons pertain more to why the company is already successful without a training program. The memo states that the company has been successful without a training program. She further demonstrates this fact by stating the company has been in business for 50 years with a growth rate of 12% annum. The memo also brings to light that none of the current twelve senior executives has been to a training program.…

    • 1954 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    Uma S. N (2013) A study on training importance for employees of their successful performance in the organization. International Journal of Science and Research (IJSR) Volume 2 Issue 11, November 2013…

    • 2281 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Training is one of the business activities that take place in nearly all organizations regardless of their industries. One of the incentives for them to launch a series of training activities is the fact that training can improve individual’s current skills and enable them to learn new skills (Mathieu, Tannenbaum & Salas 1992, p.828). According to Wu, Yeh & Hung (Wu, Yeh & Hung 2012, pp. 1117-1119), business performance is greatly improved if knowledge is transferred and shared effectively. Therefore, this essay argues that organization should spend resources on training and development regardless of the poor economic condition, yet in a different approach. This essay reckons that employees do retain training materials and training does impacts on the organizational bottom line. Training helps organization to survive at the critical stage instead of increasing the burden of organization by improving the organizational performance in different aspects…

    • 3390 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    As companies continue to try to come up with a plan for remaining profitable, some are overlooking one of their best opportunities due to their short sightedness and obsession for short term gain. It is the very asset which most firms claim is their most important and the one which provides them their competitive advantage. It is also, in some companies, the asset which is most mistreated and neglected as it is the most costly. It is the company’s employees. I don’t know of any company which would not state that employees and their knowledge of the company, its products and services, processes, policies and procedures are an important part to its competitive advantage and the reason for its success. Then the question that must be asked and answered is why then, in down economic times, is one of the first things cut in a corporate budget the training and development of this most valuable asset? The very asset which provides the company its competitive advantage. The one which, if not continually developed, will impact its growth for a considerable length of time. Management, rightly so, wants to see the impact of any venture to the bottom line. If training is the first item cut, it must mean its impact is not benefiting the company, or at least not being seen as such. Training must be designed, implemented and assessed in such a manner to provide a positive impact on the bottom line. It is therefore the responsibility of those in charge of training to be cognizant of how and why adults learn, so that training provides a positive impact on a company’s profitability and not seen as a necessary burden which only drains the company’s coffers. According to Stephen Lieb (1991, p.1) “Part of being an effective instructor involves understanding how adults learn best.” Eliminating training and only allowing for it when a…

    • 2479 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    Tate, R. 2007, ‘Retaining Skilled, Trained Workers ', Financial Executive, Jun 2007, Vol. 23, Issue 5, pp. 16-16.…

    • 2841 Words
    • 12 Pages
    Best Essays
  • Powerful Essays

    “The right employee training, development and education, at the right time, provides huge pay-offs for the employer in better productivity, loyalty, knowledge, and contribution. Learn the move toward that will guarantee your training carry out a return on your investment” (Susan M & Heathfield, 2015) Aboutmoney: Training: 14 Ways to Develop Employees.…

    • 2017 Words
    • 9 Pages
    Powerful Essays
  • Best Essays

    Performance Management

    • 5666 Words
    • 20 Pages

    Brum S. (2007). What impact does training have on employee commitment and Employee turnover. Training and employee commitment. Schmidt labor research center seminar research series. University of Rhode island…

    • 5666 Words
    • 20 Pages
    Best Essays
  • Better Essays

    Training Assignment

    • 1274 Words
    • 6 Pages

    ensure both the trainees’ supervisor/s and trainees have met to discuss training and are prepared…

    • 1274 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Minks(2014). states that if training is properly carried out it can be a very effective tool of motivation by providing adequate training, it will benefit both the employees and the organization. Some employees sometimes feel disengaged from certain aspects of things happening in the workplace, mainly because they don’t have the required skills. Training will benefit both the employee and the organization. The new skills from training can give employees the opportunity to climb up the ladder via promotion. LG Finances can reduce the its rapid staff turnover rate by training its employees. This will equip employees with the right skill set making them capable of performing more efficiently and effectively. This will give employees more confidence and the employer will have less reason to fire and hire which leads to the high staff turnover (Minks,…

    • 808 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    So who defines leadership? What is a leader and how would you raise these skills…

    • 2165 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Training and development is a major investment made by employers , and therefore great care should be taken to ensure adequate returns on the investment.…

    • 3132 Words
    • 13 Pages
    Better Essays
  • Satisfactory Essays

    Training Bond

    • 506 Words
    • 3 Pages

    In the first place we should understand the concept of a training bond, it is supposed to be an avenue for an employer to training employees under conditions where they pay a stipend whilst increasing their knowledge and skill of the job. The main reason for any training bond is that it stops the practice where the current employer pays for the training, and then as soon as you gain the qualification you jump to another better job with it, so the current one gets no benefit from this investment in you. It also acts to make sure that the person really wants the training by making this commitment, rather than just accumulating training without strongly considering if they really want and will use it. The employee here should see these as a double edged gain and this favour should be returned to the firm in terms of working for them for a stipulated period of time according to their agreement.…

    • 506 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    SECTION ONE ................................................................. 1 An Investment Perspective and Human Resources .... 2 HUMAN RESOURCE INVESTMENT CONSIDERATIONS ...6 INVESTMENTS IN TRAINING AND DEVELOPMENT ..... 14 INVESTMENT PRACTICES FOR IMPROVED RETENTION ............................................................ 32 INVESTMENTS IN JOB-SECURE WORKFORCES .......... 42 ETHICAL IMPLICATIONS OF EMPLOYMENT PRACTICES ............................................................. 56 NONTRADITIONAL INVESTMENT APPROACHES ......... 58 SUMMARY............................................................... 67 NOTES.................................................................... 74…

    • 133333 Words
    • 534 Pages
    Powerful Essays
  • Good Essays

    Training bond is an important factor to the success of any organization. As an employee I would like to be a valuable asset that will add to the success of the company and I want to execute the training bond because I believe it will help me achieve that. Training bond supports and makes possible the development of new skills and knowledge. I want to execute the training bond because I know it will polish my abilities at various levels within the organization and assist me in developing the necessary skills and proficiency to be successful in my career as well as prepare me for new responsibilities.…

    • 436 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Execute a Training Bond

    • 427 Words
    • 2 Pages

    I want to execute the training bond program because the incentives associated with it are universal and include increasing one’s earning potential and acquiring additional skills and abilities that are attractive to any organization. Training and development are important factors that would help me develop talent, motivation, and leadership skills that will contribute to a successful personal and professional career. A training bond is an important factor to the success of any organization. As an employee I would like to be a valuable asset that will add to the success of the company and I want to execute the training bond because I believe it will help me achieve that. A training bond supports and makes possible the development of new skills and knowledge. I want to execute the training bond because I know it will polish my abilities at various levels within the organization and assist me in developing the necessary skills and proficiency to be successful in my career as well as prepare for new responsibilities. I support the reasonable implementation of training bonds or training agreements simply because I agree that companies must secure the recovery of their training investments. When they send people to training and the employees acquire important skills, they naturally increase their market value. Trained workers are far more attractive to competiting firms than regular run off the mill workers and companies who overlook the importance…

    • 427 Words
    • 2 Pages
    Good Essays

Related Topics