Compensation

Abstract
Training requirements are different from company to company. One significant factor of that is the how big the business is. Larger firms tend to develop training based on a much larger spectrum. These types of businesses want a more formal training where they can achieve standard skills. The smaller and medium sized businesses can focus their training on a much smaller level and can cater to more needs. Therefore, different businesses have different training strategies no matter how big or how small. This paper analyzes all of these differences and identifies the challenges that may restrict certain training strategies.
Introduction
Training requirements are different from company to company. One significant factor of that is the how big the business is. Larger firms tend to develop training based on a much larger spectrum. These types of businesses want a more formal training where they can achieve standard skills. The smaller and medium sized businesses can focus their training on a much smaller level and can cater to more needs. Therefore, different businesses have different training strategies no matter how big or how small. This paper analyzes all of these differences and identifies the challenges that may restrict certain training strategies.
There was a survey that was done by W. Paul and J. Storey (1997), and there were about 6000 randomly selected subject matter experts in Great Britain that showed that there are several differences in the attitudes of the manager and the ways of fulfilling the training needs of either family or non family employees in their business. Family members feel that training is viewed in terms of explicit development, as opposed to the non family member, they view training and development completely different; it is only to help their career building needs. It also indicated that the small business owners are in favor of, but for them   they do not consider it as an essential part of their everyday business...