Training And Development During The Workplace

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Assignment 1 – Essay

‘Training and development have an important role to play in contributing to an organisation 's efforts to manage talent '

Training and development has an extremely important role to play in talent management by organisations. Organisations are becoming increasingly more dynamic and are changing at a rapid pace; with new technologies becoming more affluent and vital parts of business infrastructure and there being an increasing shift towards customer service, employees need to be capable, willing, trainable and adaptable; with an ability to be up skilled (Bresnahan, T et all, 2002). Due to this need of talented employees for the continuing longevity of a business, training and development holds a vital role in managing talent, in both up skilling talent and retaining talent in an organisation. This essay will explore training and development, types of training, human capital and the value of investment in it, retention of talent through the use of training and development and studies into the application and usefulness of training and development in the workplace.

Training is defined by Noel and Winkler as ‘a planned effort to facilitate learning of competencies including knowledge, skills or behaviours that are critical for successful performance in an existing situation; this means learning provided to deal with situations that are currently prevalent (Training and Development, 2013). Development is similar to training as it focuses on knowledge, skills or behaviours, but it looks more into the future; development uses formal education and experiences to ready an employee for future performance and problems and readies them with the ability to solve those future problems (Noel and Winkler, 2013). This c...

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...isation. To further these knowledge, skills and attributes (KSA’s) the usefulness and implementation of training and development has been looked at. It has been shown that companies that invested time and money into training and developing their staff/talent/human capital had better rates of talent retention, a more skilled and competitive workforce and a more attractive business in terms of career progression for employees. Training and development of talent in organisations also contributed to better self-development of employees in their professional networking capacity; furthering the ideals of a growing, competitive company.

To end, if the question of does training and development have an important role to play in contributing to an organisation 's efforts to manage talent? is asked, the answer can be, yes, it does.

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