Training and Development Policy

1. Purpose:

The purpose of this policy is to foster continuous learning and development within the organization by providing employees with the skills, knowledge, and resources necessary to enhance performance and achieve organizational goals.

2. Scope:

This policy applies to all employees of Sunbeam Elastomers Pvt. Ltd., across all levels and functions.

3. Objectives:

• (a) To build a competent and skilled workforce.
• (b) To support career progression and succession planning within the organization.
• (c) To ensure alignment between employee development and business goals.
• (d) To promote a culture of lifelong learning and professional growth.

4. Policy Guidelines:

Training Needs Identification:

1. Training needs will be identified through:

• (a) Performance appraisals and individual development plans (IDPs).
• (b) Feedback from managers and employees.
• (c) Analysis of organizational goals and industry trends.

2. An annual Training Needs Assessment (TNA) will be conducted by the HR Department.

Types of Training:

1. Onboarding Training: Designed for new employees to familiarize them with company policies, values, and operations.

2. Technical Training: Focuses on role-specific technical skills required for job performance.

Training Methods:

• (a) Classroom Sessions: Workshops and seminars conducted in-house or externally.
• (b) E-Learning Modules: Online courses and virtual training sessions.
• (c) On-the-Job Training: Practical training under supervision.
• (d) Mentorship Programs: Pairing employees with experienced mentors for skill and career development.

5. Roles and Responsibilities:

HR Department:

• (a) Conduct training needs assessments and design annual training plans.
• (b) Organize and coordinate training sessions, including logistics and resource allocation.
• (c) Monitor and evaluate the effectiveness of training programs.

Managers and Supervisors:

• (a) Identify team-specific training needs and recommend employees for training programs.
• (b) Provide on-the-job guidance and monitor post-training performance improvements.

Employees:

• (a) Participate actively in training sessions and apply learned skills to their roles.
• (b) Provide feedback on training programs to help improve future initiatives.

6. Training Budget:

• (a) An annual budget will be allocated for training and development initiatives.
• (b) Priority will be given to programs aligned with business goals and critical skill gaps.
• (c) Employees attending external training or certification programs may be eligible for reimbursement, subject to approval.

7. Monitoring and Evaluation:

• (a) Pre- and post-training assessments will be conducted to measure learning outcomes.
• (b) Training feedback will be collected from participants to evaluate program effectiveness.
• (c) The HR Department will maintain records of all training programs, participants, and outcomes.

8. Training Calendar:

• (a) The HR Department will publish a yearly training calendar detailing planned programs.
• (b) Employees will be notified of relevant sessions in advance to ensure participation.

9. Employee Bond for Sponsored Training:

For high-cost external training or certifications, employees may be required to sign a service bond to ensure a return on investment.

10. Review and Amendments:

This policy will be reviewed annually based on feedback and changing business needs. Amendments will be approved by the Board of Directors.

Approval:

This Training and Development Policy has been approved by the Board of Directors of Sunbeam Elastomers Pvt. Ltd. on 1st January 2025.

This policy underscores Sunbeam Elastomers Pvt. Ltd.’s commitment to continuous employee development and organizational excellence.