VISION
“To continuously upgrade Balco Employees’ knowledge base, skill-sets and equip them
with competencies aligned for fulfilling the Organizational needs for today and
tomorrow”
MISSION
“ To develop talent leaders who can build sophisticated business in line with the
Group Philosophy - people who are technologically literate, globally
astute and operationally agile”
TRAINING –WHY?
In company out
company
Internal External
1. In company
In company are those training programs which are conducted inside the company. These
programs are both for managerial and non-managerial employees. Faculty in these
programs may either from inside the organization or outside the organization.
a. Internal program
Internal programs are those programs in which training is imparted by faculties within
the organization i.e. trainer are from the BALCO who impart training to executives and
non-executives employees.
b. External program
External programs are those programs in which training is imparted by faculties and
trainer outside the organization. Trainers are from the organization like NTPI,
POWERLINKER, AUTOMATION & CONTROL SYSTEM, FRAKLIN CONVEY
etc.
2. Out-company
Out company are those training programs in which trainees are sent to other organization
for training programs. Executives and non-executives both are covered in these programs.
Employees are sent for behavioral and technical training programs. Trainees are sent to
organizations like HRD FOUNDATION, XLRI, NPTI, PMI etc.
TRAINING METHODS FOR MANAGEMENT EXECUTIVES
MDP’S are designed to address specialized needs in areas such as business policy,
communications, economics, finance, marketing, organizational behavior, personnel and
industrial relations, production and quantitative methods, information systems,
information systems, agriculture, public systems, health and education.
• XLRI
• IIM
• For getting feedback of MDP’S, Balco usually follow KRICKPATRICK
MODEL.
• Reaction Level
• Learning Level
• Job Behavior Level
• Outputs Leve
DESIGN/ SELECT TRAINING METHODS
On the basis of available training methods and training requirements, organization design
Trainings Calendar. Training calendar chalk out different training programs to be
scheduled during the year on basis of different requirements. Different programs in
training calendar have different objectives whose main aim is to improve the performance
of employees and executives in their required field and reduce the gap between job
requirements and employee specification. Schedule of different training programs is
different which cover whole accounting year. Schedule of these programs are made on
the basis of no. of executives/employees to whom training is to be imparted and
according to schedule of out-company programs arranged by different institutions.
Thus training calendar cover objectives if different programs, type of training programs
i.e. in-company or out-company, schedules of different programs, target group to whom
training is to be imparted and number of employees and executives or both to be covered
in each training program.
It also identifies estimated cost of each training programs and proposes faculty or
facilitator who is going to impart the training to required employees.
One important thing which will considered during training programs is that if number of
executives are greater than 10 then in-company training program are scheduled
When training calendar is finally prepared it is issued to different departments for final
approval of HOD of different departments.
These are the some programs which are scheduled for the year 2007-2008.