It
is being one of the oldest debates in the corporate world, does invest in
training and development payoff? (Tsui et. al., 1997). There are many different
approaches to this fundamental question and perhaps Richard Benson’s, the
founder of the Virgin Group, famous quote may give an answer, “Train people
well enough so they can leave, treat them well enough, so they don’t want to” (Larry
, McDonald & Taboada, 2018, p. 85). This will answer two, not one fundamental question
and concerns in Human Resource Management, the importance of training and the
importance of retaining staff. Further, training and development will enhance
the one of the main intangible assets of an organization, Human Capital, which
will increase the competitiveness of the organization (Neo , 2010)
Training and development is an opportunity given to the
employees by expecting a continuous development throughout their work scope. A
well trained workforce is an asset to an organization (Jacobs, 2003). Training
leads to the company’s performances and goals. Further provides a better
working environment for the employees. According to the Armstrong (2001), “Training
is systematic development of the knowledge, skills and attitudes required by an
individual to perform adequately a given task or job”.
The term ‘Training’ indicates the process involved in
improving the aptitudes, skills and abilities of the employees to perform
specific jobs. Training helps in updating old talents and developing new ones. Neo
et. al (2016) defined Training as
consists of an organization’s planned efforts to help employees acquire
job-related knowledge, skills, abilities, and behaviors, with the goal of
applying these on the job (Neo et. al
., 2016, p. 201). The main objective of training is to make sure the work force
of the organization to be skilled in every other way. In addition to that there
are four other objectives as well. Those are Individual , Organizational, Functional
and social objectives (Janev, et.al 2018).
Individual
Objectives – These objectives help the
employees to achieve their personal goals, which will increase the contribution
towards the organization.
- Organizational Objectives- These objectives contributes the origination with its primary objective by bringing individual effectiveness.
- Functional Objectives – Functional objectives are maintaining the departmental level contribution at a given time which contributes the organization needs.
- Social Objectives – These ensures that the organization is ethically and socially responsible for meeting the needs and of the society.
Employee development is going hand in hand with the
training. Employee development is the combination of formal education, job
experiences, relationships, and assessment of personality and abilities to help
employees prepare for the future of their careers (Neo et. al., 2016, p. 237). Employee development
often has its roots in the company’s mission, goals, and values and is related
to important business outcomes such as employee retention and the creation of
an agile and talented management team and work force (Neo, 2010)
The definition of development indicates that it is future
oriented. Development implies learning that is not necessarily related to the
employee’s current job. Instead, it prepares employees for other jobs or
positions in the organization and increases their ability to move into jobs
that may not yet exist. Development also may help employees prepare for changes
in responsibilities and requirements in their current jobs, such as changes
resulting from new technology, work designs, or customers (Neo et. al 2016).
Following video clip will
help to understand more on Training and Development ;
Video 01:Introduction to Employee Training and Development
Source : Gregg Learning (2016)
Reference
Armstrong, M. (2001) A Handbook Of Human Resource Management
Practice, Kogan Page, London
Gregg Learning (2016) Introduction to Employee Training
and Development. https://www.youtube.com/watch?v=CLm-UaRAwtE (accessed on 03112019).
Jacobs, R & Washington, C. (2003) Employee
development and organizational performance: a review of literature and
directions for future research, Human Resource Development International,
6(3), pp.343-354 [online] <
https://www.tandfonline.com/doi/abs/10.1080/13678860110096211> [Accessed on 15th October 2018].
Janev, I, Hadzi-Vasileva,
G, Sofijanova, E. (2018) Benefits of Training and Development for Individuals, Teams
and Organizations. Journal of Economics, 3( 1), pp. 12-18 [online]<
http://www.hermanaguinis.com/Annual09.pdf> [Accessed
on 15th October 2018].
Neo, R, A,
Hollenbeck, J,R, Gerhart, B , Wright , P, M. (2016) fundamentals of human
resource management, The McGraw-Hill Company, New York
Tsui, A, S, Pearce,
J, L, Porter, L, W and Tripoli, A,
M.(1997) Alternative Approaches to the Employee-Organization Relationship: Does
Investment in Employees Pay off?. The Academy of Management Journal, 40 ( 5) ,pp. 1089-1121 [Online] available at <
https://www.jstor.org/stable/256928?seq=1#metadata_info_tab_contents> [Accessed
on 15th November 2018].
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