HRM Research Paper

Training and development describes the formal, ongoing efforts of organizations to improve the performance and self-fulfillment of their employees through a variety of methods and programs. In the modern workplace, these efforts have taken on many forms from instruction in highly specific job skills to long-term professional development. In recent years, training and development has emerged as a formal business function, a business strategy, and a recognized profession. More and more companies of all sizes have embraced "continual learning" and other aspects of training and development as a means of promoting employee growth and acquiring a highly skilled work force. In fact, the quality of employees and the continual improvement of their skills and productivity through training are now widely recognized as vital factors in ensuring the long-term success and profitability of businesses. Employees must have access to continual training of all types just to keep up. If you don 't actively work to combat skills deficiency you will lose ground. If your workers stand still, your firm will lose the competency race.
Companies have recognized the need to enhance the employee’s opportunity to develop skills and abilities for full performance within the position and for career advancement and growth which would lead to retention of talented workforce in return increase firms performance in terms of profitability and productivity. Companies have realized that in today 's competitive business that the quality of people one employs will make all the difference. Lately, human resource management has emerged as an essential factor for sustained competitive advantage. Organizations develop sustained competitive advantage through management of scare and valuable resources. The human resource enables organizations to achieve optimization of

resource, effectiveness, and continuous improvement consistently. An organization takes time to nurture and

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