Training: Human Resource Management and Economic Downturn
"Training is a waste of time and money because it does not impact organizational bottom line and employees do not retain training material. Thus, when the economy is weak organizations should not spend money and other resources on employees training and development. Outline your arguments for or against this point of view."
Introduction
Training is one of the business activities that take place in nearly all organizations regardless of their industries. One of the incentives for them to launch a series of training activities is the fact that training can improve individual’s current skills and enable them to learn new skills (Mathieu, Tannenbaum & Salas 1992, p.828). According to Wu, Yeh & Hung (Wu, Yeh & Hung 2012, pp. 1117-1119), business performance is greatly improved if knowledge is transferred and shared effectively. Therefore, this essay argues that organization should spend resources on training and development regardless of the poor economic condition, yet in a different approach. This essay reckons that employees do retain training materials and training does impacts on the organizational bottom line. Training helps organization to survive at the critical stage instead of increasing the burden of organization by improving the organizational performance in different aspects This essay will first discuss how training help improving organization’s profit. Secondly, it focuses on how training can help retaining employees. Thirdly, it tells how training serves as the source of competitive advantages. The last part of the essay will suggest how training should be adopted to help employees retain the training materials.
Improvement on organizational profit Profit is always the ultimate target of an organization; nearly all business decisions taken by management are meant to make more profit. Organizations used to make use of both internal and external factors to create values, as well as profit. According to Alsyouf (Alsyouf 2007,
Introduction
Training is one of the business activities that take place in nearly all organizations regardless of their industries. One of the incentives for them to launch a series of training activities is the fact that training can improve individual’s current skills and enable them to learn new skills (Mathieu, Tannenbaum & Salas 1992, p.828). According to Wu, Yeh & Hung (Wu, Yeh & Hung 2012, pp. 1117-1119), business performance is greatly improved if knowledge is transferred and shared effectively. Therefore, this essay argues that organization should spend resources on training and development regardless of the poor economic condition, yet in a different approach. This essay reckons that employees do retain training materials and training does impacts on the organizational bottom line. Training helps organization to survive at the critical stage instead of increasing the burden of organization by improving the organizational performance in different aspects This essay will first discuss how training help improving organization’s profit. Secondly, it focuses on how training can help retaining employees. Thirdly, it tells how training serves as the source of competitive advantages. The last part of the essay will suggest how training should be adopted to help employees retain the training materials.
Improvement on organizational profit Profit is always the ultimate target of an organization; nearly all business decisions taken by management are meant to make more profit. Organizations used to make use of both internal and external factors to create values, as well as profit. According to Alsyouf (Alsyouf 2007,