Employee Training & Development and Organizational Benefits Dissertation

Employee Training & Development and Organizational Benefits - Dissertation Example The economy demonstrates immense uncertainties which has made knowledge one the most important and reliable source of sustaining competitive advantage. Today, knowledge has evolved as the basic capital which triggers the process of development. Initially competition was primarily built on the foundation of the possession of specific resources at low costs. However, the trend has now shifted to the possession of knowledge and knowledge management, which forms a basic component determinant of competition between organizations. Today, modern organizations use resources like time, energy, money and information for the permanent advancement and training of their human resources. Organizations extensively involved with the creation of new knowledge, extending it within the entire organization and also implementing it with the new technologies have evolved as producers of quality goods and services (Vemic, 2007, p.1). Training and Development is an important component in the field of human resource management as it is concerned with those organizational activities which are aimed at improving or bettering the performance of employees in the organizational settings. Training primarily encompasses three activities, namely training, education, and finally development. It involves the transfer of skills and knowledge from a working expert to learners in order to improve their current job performance. The concept of development is much wider. It involves a multi faceted frame of activities aimed at bringing someone from his present level to a different threshold of performance. The project aims to bring forth the effectiveness of employee training and development activities in organizations. Firstly, it begins with presenting the aims and objectives for the purpose. This is followed by a literature review of the topic which emphasizes on different aspects of the subject. A primary research is also conducted which brings out the extent to which training and development acti vities help in the benefit of the organization. The results of the research is briefly presented, interpreted and analyzed at the end of the report. The project concludes by presenting the required recommendations on the subject. Research Aims and Objectives The report primarily aims to bring forth the requirement of training and development in organizations in enhancing employee productivity and organization performance. The main objectives of the research are To bring forth the effects of training and development in organization, To analyze the impacts of training in the productivity of employees, To investigate the different training and development practices adopted in organizations To determine the interrelationship between training and development and organization performance, and To analyze the changing trends in the training and development patterns in organizations across industries. Literature Review Employee Training and Development in Organisations Organisations in the U nited Kingdom and their managers have constantly exhibited