Investment in human capital through higher qualifications and training is considered as a key step towards achieving sustained long term productivity. There is a positive relationship between training and employee performance. Training generates benefits for the employee as well as the organization by positively influencing employee performance through the development of employee knowledge, skills, ability, competencies and behavior (Benedicta and Appiah, 2010). It is obvious that training plays an important role in the development of organization, improving performance as well as increasing productivity, and eventually putting companies in the best position to face competition and stay at the top. This means that, there is a significant difference between the organizations that train their employees and that organizations that do not (Benedicta and Appiah, 2010).
Step 6: Assessing Talents (Internal) Assessing talents one of the most important things for Human Resources Manager to identify capabilities of the staff designated for higher level responsibilities and leadership in the organization. Talent management represents an organization’s efforts to attract, develop, and retain skilled and valuable employees. Its goal is to have people with the capabilities and commitment needed for current and future organizational success. Effective planning of employees movement from one position to another within an organization will improve their performance and cost effective method of talent deployment that can become a key component of organization strategy. According to (Becker, Huselid, Ulrich, in The HR
they possess the required skills to perform that job. (Kinnie et al., 2004). Performance management enhances overall job satisfaction of the employees and induces leadership traits among them. This not only benefits the employees but entire organization. Performance management succors an
This is fulfilling the duties to society as a corporate and this will also result in the AT&T brand name becoming stronger. AT&T comprises of a set of highly talented employees. The talent management and human resources aspect has been very strong with employees showing a great willingness to continue working at AT&T. This will give a competitive edge over other rival service providers since knowledge is a critical success factor in the telecommunication industry. The number of patents owned by AT&T shows how successful they have been in the learning and growth
With the power it gives to the employees, the practice creates some sense of accountability, ownership to work and responsibility. The employees therefore work diligently in meeting the organizational goals and deadlines while feeling energized which in turn results to increased performance and productivity. Fifthly, the management practice results to reduced costs. For instance with increased employee satisfaction due to thie r empowerment, their sense of loyalty and job dedication is increased which results to employee staying longer in the organization and the costs associated with frequent job transitioning is reduced via the reduced employee turnover costs. The other reduced cost is that due to increased efficieny in the organizational operations.
Employee management is an imperative feature for business for the reason that it assists them in accomplishing aims as well as objectives. It can be said that that reward management works as the substantial approach that is utilised by the HR in order to fascinate and preserve experienced and professional employees. Additionally, this technique is likewise used to augment the performance of employees as it encompasses instigating motivational approaches. Consequently, the companies design specific reward structures through which the performance of the staffs can be enhanced and enriched. Rewarding approach is deliberated as the greatest effective technique to motivate and manage employees within the corporation.
An efficient performance appraisal function can be very useful in measuring the skills of employees on a regular basis, and helps in identifying best performing employees within a group of employees, the results obtained from a performance appraisal activity can be used further to, design and implement training and development activities for filling any gaps in skills and abilities (Armstrong, 2007). Apart from restructuring pay packages, performance appraisal has a bigger role to play in improving the organisational performance, and as such the role of performance appraisal is invaluable for
Organizations have increasingly recognised the potential for their people to be a source of competitive advantage. Creating competitive advantage through people requires careful attention to the practices that best leverage their assets. This change in the mindset of executive decision-makers has spurred an increasing body of academic research attempting to reveal the effect of organisation’s HRM practices and its performance. The successful human resource practices that may increase performance in different areas such as capacity building, quality and financial performance. Human resource is one of most important components of an organization.
The Sales managers and directors of Armstrong Accountancy need a range of leadership skills to make the department capable of surviving and growing. As Armstrong Accountancy is dealing with large client base, it is likely that the sales team might be called upon to perform a number of challenging and diversified tasks. For that, it is crucial for sales managers and directors to possess the leadership skills in order to enhance and manage sales performance. For the business to grow, it is crucial for the sales directors and managers to develop and enhance right set of skills to improve their leadership
This helps the employers to get their desired outputs without violating the rights of their employees through tools such as collective bargaining (Nomden et al., 2003). It is the duty of the top management to manage people and make rules for them, in a way that their productivity is increased. HRM is mainly responsible for the establishment of the employee relations’ guides/rules/framework. HRM can enhance the performance of an organization and it also help in stabilizing the employment relations (Boxall, 2014). Industrial relations’ crucial role is to increase the employee commitment with the organization, which will increase the productivity of the organization whichever industry it is utilized in.