Importance
of Training and Development
Global is facing dramatic challenge to attract and retain
talents. Due to the globalization and fast-growing technology (Allen, 2010). also
increased competition (Qayyum, et.al, 2012; Kumpikaite & Sakalas, 2011). Employer should be provided the continuous
learning environment to drive the employees towards the organizational Mission,
Vision and values (Spender, 2001). Employees must increase diverse
skills and knowledge in terms of personal and professional traits’. performance
is the ultimate goal of any business’s efforts that leads towards the
achievement of market leadership and capturing of unbeatable talent. These two
are crucial for the organizations and are part of the organizational strategic
mission (Mwita, 2000: Abbas & Yaqoob, 2009). People are the life blood of every organization
and it is the foremost resource of the organization. therefore, organizations
invest enormous amount on the people development because the performance of
human resource will eventually increase the performance of the organization.
Source: Expand Learning Solutions, 2017
Reference
Allen, M. (2010) Corporate universities 2010: globalization and greater sophistication. The Journal of International Management Studies, 5(1), 48-50.
Qayyum, A., Sharif, M. T., Ahmad, A., Khan, M. S., & Rehman, K. -u. (2012). Training & development practices in National Bank of Pakistan. Information Management and Business Review , 8-17.
Spender, C. J. (2001) Knowledge management, uncertainty, and the emergent theory of the firm. In N. Bontis, & C. Choo, The Strategic Management of Intellectual Capital and Organizational Knowledge. London: Oxford University Press.
Mwita, J. I. (2000) Performance management model: A system-based approach to system quality.The International Journal of Public Sector Management , 13 (1), 19-37
Expand Learning Solutions (2017) https://www.youtube.com/watch?v=00egH65UgdA (Accessed on 11th November 2019).
Shameer as you have stated Employees must increase diverse skills and knowledge in terms of personal and professional traits, thereby training and development is beneficial not just for the organization itself but also to the individual employees moreover training and development leads to improved profitability of the organization plus the morale of the workforce (Tahir et al). Training and development are essential strategic tools required for effective individual and Organization performance (Falola et al).
ReplyDeleteShameer, as you correctly stated, effective training and development is necessary for an organization. Bhartiya(2015) states that through training, gap between employee competence and present job requirements can be fulfilled while improving employee performance and behavior. Furthermore, there is a direct link between training and employee performance (Boadu et al., 2014). However, Quartey (2012) states that employees in some organizations are not involve or aware of any training programs. Moreover, he states that this has narrowed the organizational performance. Therefore organizations should consider training and development as important and continuous process.
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