Importance of developing people can be highlighted from a Chinese saying, "If you wish to plan for a year, sow seeds; if you wish to plan for 10 years, plant trees, if you wish to plan for a lifetime, develop people." Growth rate of any organization is likely to be limited (or enhanced) more by its people than by any other factor.
Today, in the global economy, most organizations operate in a business environment of uncertainty, risk and complexity. Pressures of international competition are forcing all organizations to match global standards. With increased emphasis on technology, quality and service, the companies are moving away from a mechanized workforce to an intellectualized one.
Hence,
there is an enhanced need for competent and self-directed
employees to be effective in their jobs and roles. Such a
transformation is possible only through an effective training
and development program.Human
capital is the know-how, capabilities, knowledge, skills and
expertise of the employees of the organization, who can be
put into productive use.If
we scan the list of `best organizations to work for', we will
find that there is a high level of commitment of the top level
management for upgradation of skills and having training and
development activities for its workforce. Highly performing
organizations have decent levels of investment (not expenditure)
for training and development activities. |
