According to the ASTD‚ U.S. organizations spent $134.39 billion in 2007 on employee learning and development. Organizations view these substantial expenditures as investments in human capital‚ with returns in the form of higher employee productivity‚ talent retention‚ and the creation of a sustainable human-based competitive advantage. Training is a process that provides employees with opportunities to obtain the necessary knowledge‚ skills‚ and abilities (KSAs) that enable
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produce good results but also tend to stay with the organisation longer. In such circumstances‚ the organisation’s initial and ongoing investment in them is well rewarded. An organisation may have all of the latest technology and the best physical resources‚ but if it does not have the right people it will struggle to achieve the results it requires. This is true across the whole spectrum of business activity e.g. schools‚ hospitals‚ legal practices‚ restaurants‚ airlines‚ and insurance companies.
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References: Referrences * Mathis R.L‚ Jackson J.H (2008) Human Resource Management‚ Cengage Learning‚ London. * Armstrong M. (2006) A Handbook of Human Resource Management Practice‚ Kogan Page Publishers‚ London. * Smart B.D (2005) Topgrading: How Leading Companies Win by Hiring‚ Coaching‚ and Keeping the Best People‚ Portfolio Hardcover‚ London. * Torrington D.‚ Taylor S.‚ Hall L. (2007) Human Resource Management‚ FT/Prentice Hall‚ London.
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1. Ch 9‚ page 432‚ question 6: What is coaching? Is there one type of coaching? Explain Coaching refers to the teaching or development process through which an individual is supported while achieving a specific professional result. There are different types of causing in the world today. Types of coaching may be categories based on the activities involved and of the intended result of the coaching process. Some of the types of coaching may include business coaching‚ career coaching‚ Career coaching
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these refers to the institutional arrangement by which a firm gets its products‚ technologies‚ human skills‚ or other resources into a market? a. Forward entry b. Entry mode c. Backward integration d. Forward integratio 3. 13-031 (Points: 4.0) A(n) ________ is the institutional arrangement by which a firm gets its products‚ technologies‚ human skills‚ or other resources into a market. a. investment process b. export c. entry mode d. market transfer
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Competitive challenges facing Management: Globalization Information Technology Reducing costs through downsizing‚ outsourcing‚ & off shoring Change in demographic (age‚ gender‚ education) Change in laws and regulations such as increasing employee rights in workplace Ethics and social responsibility Work-family balance Importance of service sector History of Management I- Classical Schools (Major Axiom: There is only one best way to do the job): Scientific Management (Frederick Taylor‚ 1900-
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training C) development D) appraisal 2) The first step in a training program is to ________. A) assess the program’s successes or failures B) design the program content C) conduct a needs analysis D) train the targeted group of employees 3) What is the second step in the training process? A) assess the program’s successes or failures B) present the program to a small test audience C) design the instructional content D) conduct a needs analysis 4) James is currently identifying the specific
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CASE 1 Case questions and answers Question.no.1 Discuss what a manager should do in each of the two Michigan cases. Answer: Office Equipment repair technician Although it is risky but the manager should give him a second chance‚ because by the nature of job (i.e. job of technician) it does not seem that he would be in direct contact with potential victims. It is risky because the job is a field job that is visiting other organizations and repairing their equipments. It is also possible that
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Question 1 Analyse how BASF‚ by adopting a strategic approach to human resource management‚ seeks to proactively provide a competitive advantage‚ through the company’s HRM practices. Every organisation is concerned with competing effectively in the global market. BASF’s mission and values are set out in the case study (Mancosa 2014:38) as follows: Mission: To increase the satisfaction of customers‚ employees and shareholders. BASF makes sure that they add value‚ innovate to make customers more
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Wind River Systems acquired ISI‚ but considering the size of ISI at that time‚ which was as big as Wind River Systems’ size‚ the employees were asked to use the term “merger” instead of “acquisition”. ! With the merger came a change in human resources (HR)‚ shifting the focal of Wind River Systems employees’ skill requirements from a more task based approach to a customer oriented approach. Before the transition‚ the sales unit was in charge of connecting the potential clients with the company
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