Rapid change requires a skilled, knowledgeable workforce with employees who are adaptive, flexible, and focused on the future.
In a more and more global, complex and turbulent environment, knowledge is the only reliable source of competitive advantage. Traditional factors of manufacturing as the soil, labor and capital did not disappear, but their significance is not primary anymore. Knowledge is viewed as the key of realization of a competitive advantage.*they are trying to position themselves, what we know, as a learning organization
Employee development requires a shared responsibility among the institution, and the employee
Once an employee undergoes T&d he becomes an even more important (valuable) a resource for his company, or for any company as a matter of fact.
Doesn’t always have to be a formal exercise. It can be built into the company’s environment and culture.
[Read the 3]. And this is just the employees’ half of the pie, the employer needs to do justice to his half of the pie, and discuss the T&D obj of each employee. Once both parties have reached a consensus, the organization should then be able to extract best value for its expenses on employees’ t&d.
Findings demonstrate that employers who integrate employee desires into development programs can make measurable differences in key performance indicators such as overall job satisfaction.
Perhaps most important, the research demonstrates a clear relationship between employees’ perception of training opportunities and their levelof job satisfaction. Employers who incorporate these attitudes and opinions into their programs develop happier and more productive associates, thereby deriving more value from their development expenditures.
T&D enables employees to perform upto their full potential
Employee training and development has to be connected with the organizational goals and strategy, they need to fulfill the new reqiurements of the environment. Employee training and development needs to become a managerial function. It is a managerial challenge to consider the employees of the organization from a strategic perspective (future orientedness) and constantly monitor and encourage the development of new skills and knowledge as the foundation of organizational development.