ROLE OF DEVLOPMENT OFFICES- ADMINISTRATORS, CONSULTANT, DESIGENERS AND INSTRUCTORS

ROLE OF DEVLOPMENT OFFICES- ADMINISTRATORS, CONSULTANT, DESIGENERS AND INSTRUCTORS.

In India the business environment is changing radically. The Companies are increasingly becoming aware of the need and importance of training for the employees working at different levels. Besides up gradations of employee‘s knowledge and skills training increases employee‘s loyalty to the organisation. If the company is serious about training to its workers it shows that it also cares for them. Nothing binds the entire workforce to the company as effectively as opportunity to be trained especially skills beyond their daily operations. A large number of companies have their own in company training programs.

DETERMINING TRAINING NEEDS

DETERMINING TRAINING NEEDS


It is also called training needs analysis or training needs assessment. Needs assessment problems and future challenges to be met through training and development. Organisation spends vast sums of money on training and development. Before committing such huge resources, organisation would do well to assess the training needs of their employees. Organisation that implements training programs without conducting needs assessment may be making errors.

RATIO ANALYSIS

Q. What do you mean by Ratio analysis?

 

The information given in the basic financial statement serves no useful purpose unless it is interpreted and analysed in some comparable terms. The ratio analysis is one of the tools in hands of those who want to know something more from the financial statements. Ratio analysis is the process of determining and presenting in arithmetical terms the relationship between figures and group of figures drawn from these statements. Ratio is the basis of this analysis. A ratio may be defined as the relationship between two or more things. An accounting figure conveys some meaning if it is related to some other relevant information. Thus, the relationship between two accounting figure, expressed mathematically is known as a financial ration )or simply as a ratio). The ratio can be calculated by dividing one figure by the other.

The ratio may be expressed in any of the three ways-.

1. RATE, which is the ratio between the two numerical facts over a period of time e.g. stock turnover in three times a year.

2. Pure Ratios or Proportions, which are arrived at by the simple division of one number by another e.g., current asset to current liability ratio is 2:1

3. Percentage which is a special type of rate expressing the relationship in hundred. It is arrived at by multiplying the quotient by 100 e.g., gross profit is 25% of sales.