Hr Training and Development Is Said to Be Beneficial for Both Firms and Employees. Why Then, Are Some Organizations and Individuals Reluctant to Invest in Training?
Training and development is said to be beneficial for both firms and employees. Why then, are some organizations and individuals reluctant to invest in training?
Introduction Employees training and development remains on of the paramount factors in conducting successful and competitiveness business in our rapid changing world. Despite this fact is accepted all over the world, there are companies which ignore providing their staff with training programs or seminars. Implementation of development programs can be too expensive for company’s pocketbook, which is one of the possible reasons to reject them. Other issues might be constant economic recessions, instability of market policies and credit crunches which may seriously impact on owner’s firm. Thus the companies may consider that there is no need for investing immense sum of money on staff training which can be in future their fatal flow. Noe R. (2005) claimed that “Training and development is including activities that help cultivate employees ' skills, knowledge, and abilities. Trained employees have competencies to meet the current and future needs of organization. Through the training and intervention measures, the human resources departments help organizations to establish a high-performing, active and engaged workforce”. This essay will outline and point out major advantages and disadvantages of trainings and development programs for organizations and employees itself. Also there will be addressed the critical issues of the employees’ impact on company profitability and productivity, and if the impact is significant why firms are reluctant to invest in training and development activities for their personnel. The companies all over the world are struggling to be the first on the economic market or at least to get leading positions on the market arena. Our fast progressive business environment gives a chance to survive just the strongest players; the most competitive organizations would
Introduction Employees training and development remains on of the paramount factors in conducting successful and competitiveness business in our rapid changing world. Despite this fact is accepted all over the world, there are companies which ignore providing their staff with training programs or seminars. Implementation of development programs can be too expensive for company’s pocketbook, which is one of the possible reasons to reject them. Other issues might be constant economic recessions, instability of market policies and credit crunches which may seriously impact on owner’s firm. Thus the companies may consider that there is no need for investing immense sum of money on staff training which can be in future their fatal flow. Noe R. (2005) claimed that “Training and development is including activities that help cultivate employees ' skills, knowledge, and abilities. Trained employees have competencies to meet the current and future needs of organization. Through the training and intervention measures, the human resources departments help organizations to establish a high-performing, active and engaged workforce”. This essay will outline and point out major advantages and disadvantages of trainings and development programs for organizations and employees itself. Also there will be addressed the critical issues of the employees’ impact on company profitability and productivity, and if the impact is significant why firms are reluctant to invest in training and development activities for their personnel. The companies all over the world are struggling to be the first on the economic market or at least to get leading positions on the market arena. Our fast progressive business environment gives a chance to survive just the strongest players; the most competitive organizations would
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