My Money "My Money is a flourishing financial services organization with an excellent regutation It employss around 2,000 people, 1.500 of whom work within the 150 branches across Canada, while the remaining S00 are employed at the campany's head office To prepare to meet the anticipated shortage of branch managers due to massive retirements within the neat fve years, the human resources department decided to set up an annual management tranee development progr am. The success of this program is essential for the company to be able to satisfy its future needs for qualified human resources The goal At the end of each 12-manth program, which begins in january (one program per year for 10 wainees over a fe year peried the trainees will be promoted to the position of assistant to the branch manager and paired with a manager who plans to retire in the nat too-distart future la horizon of 24 months or less) You are the human resources professional that has been assigned to this praject You establshed the following fve maor step 1. Internal and external recruitment of a cahort of 10 high potential brainees once a year for the net fe years 2. Develapment of a training program for all branch managers 3 Development of a training program for trainees 4. Development of a welcome and integration program for trainees 5. One-ce-one fellowup meetings with trainees every six weeks Your firse follawup inberviews indicate that the project is attaining ts objectives the trainees are developing accerding to plan Towards the seeond quarter, you realize thet the project isnit going as well as it should and that the trainees areet making any progress They complain that on a dayto day operational basis the managers trest them unt ke all the other braneh employees and that they are no longer earming anything On the other hand actording to information you receved informally, some managers say they are snowed under with their own work and are aso constantly being contactnd by thair regional manager about cther projects, including ther annual objectives, which are determined in January of each year. As a result, they have limlefany time to devate to their trainee. You are aware of the importance of this program for the company and the human resources department 1. Identify the program's strengths and weaknesses 2. Gven the cantest, what steps should yos immedately take to enure your projects sucpess My Money "My Money is a flourishing financial services organization with an excellent regutation It employss around 2,000 people, 1.500 of whom work within the 150 branches across Canada, while the remaining S00 are employed at the campany's head office To prepare to meet the anticipated shortage of branch managers due to massive retirements within the neat fve years, the human resources department decided to set up an annual management tranee development progr am. The success of this program is essential for the company to be able to satisfy its future needs for qualified human resources The goal At the end of each 12-manth program, which begins in january (one program per year for 10 wainees over a fe year peried the trainees will be promoted to the position of assistant to the branch manager and paired with a manager who plans to retire in the nat too-distart future la horizon of 24 months or less) You are the human resources professional that has been assigned to this praject You establshed the following fve maor step 1. Internal and external recruitment of a cahort of 10 high potential brainees once a year for the net fe years 2. Develapment of a training program for all branch managers 3 Development of a training program for trainees 4. Development of a welcome and integration program for trainees 5. One-ce-one fellowup meetings with trainees every six weeks Your firse follawup inberviews indicate that the project is attaining ts objectives the trainees are developing accerding to plan Towards the seeond quarter, you realize thet the project isnit going as well as it should and that the trainees areet making any progress They complain that on a dayto day operational basis the managers trest them unt ke all the other braneh employees and that they are no longer earming anything On the other hand actording to information you receved informally, some managers say they are snowed under with their own work and are aso constantly being contactnd by thair regional manager about cther projects, including ther annual objectives, which are determined in January of each year. As a result, they have limlefany time to devate to their trainee. You are aware of the importance of this program for the company and the human resources department 1. Identify the program's strengths and weaknesses 2. Gven the cantest, what steps should yos immedately take to enure your projects sucpess