BUS210: The Impact of HRM
I would say that training and development could improve a company immensely. Training and development would be initiated for a variety of reasons. When a performance appraisal indicates performance improvement is needed, to "benchmark and survey” (chap.13, pg 421) the status of improvement so far in a performance improvement effort, as part of an overall professional development program, as part of succession planning to help an employee be eligible for a planned change in role in the organization, and to train about a specific topic. The impact it would make on a business would be better communication, customer service, diversity, ethics, human relations and any other facet of the business review would effect. Some other benefits would be increased job satisfaction and morale among employees, employee motivation, increased efficiency, resulting in financial gain, increase ability to adopt new methods, increased innovation, and reduced employee turnover. Also another strong aspect to improve human resources would be with labor relations. Importance must be placed on giving feedback concerning what needs to be done for employees to feel more valued. A series of initiatives may be designed to allow employees to gain understanding of how important their decisions are within the company and how they affect certain outcomes. When the employee understands what they are attempting to accomplish within the organization a vision is shared between management and the employee. Company managers need to develop specific action plans to help employees feel more valued and become better engaged. The company would benefit by having employees that are dedicated, supportive, and strive for the same excellence the management is attempting to achieve. When this understanding is shared a bond is formed and productivity and efficiency would be greatened.
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