The current allocation for training and development for 2013 in the Department of Finance is €311,000. The Department of Finance continues to invest in staff development in order to supplement the skills and qualifications of our teams through a combination of internal and external training and development initiatives. Under the revised Statement of Strategy 2011-2014, the Department aims to improve training in order to develop greater technical, management and leadership skills. Using the performance management and development system (PMDS), the Department will review our staff’s performance, and identify any skills requiring enhancement to ensure our training resources are used most effectively. The Department also undertook a comprehensive Training Needs Analysis (TNA) survey in late 2012 which has also assisted in identifying the training and development needs of staff within the Department.
The Department of Finance has completed 36 training programmes to date this year and has given training to 499 participants (please note some staff members may have participated in more than one training programme).
The annual savings to the Exchequer of a 5%, 7%, 10%, 12%, 15%, 17% and 20% reduction in this allocation are outlined in the following table:
Reduction
|
Potential Saving
|
5%
|
€15,550
|
7%
|
€21,770
|
10%
|
€31,100
|
12%
|
€37,320
|
15%
|
€46,650
|
17%
|
€52,870
|
20%
|
€62,200
|