Can effective people development lead to increased firm performance?
GRIN Verlag, Mar 5, 2012 - Business & Economics - 17 pages
Seminar paper from the year 2011 in the subject Business economics - Personnel and Organisation, grade: 1,3, University of Applied Sciences Essen, course: Human Resources Management, language: English, abstract: In today’s knowledge economy the concept of Human Resource Development (HRD) within organizations continues to expand and evolve. The contemporary literature regarding the theory of HRD examined in this paper, deals with many initiatives and ideas, such as the strategic element of developing workforce and its impact on organizational objectives or the importance of creating an effective organizational learning environment by making a shift from training to learning. After demonstrating the four phases of an effective HRD approach the direct link between firm performance and training will be examined in order to analyse organizational benefits as well as achieving competitive advantage in order to enhance business performance.
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achievement of organizational agement analysis Assessing HRD Needs assets behavior Bibliographic Cf Huczynski/Buchanan 2007 Cf Karaiskas 2007 Cf Werner/DeSimone 2009 Coetzer company’s concept core competencies Curtin Universtiy DeSimone development and training Driven effective HRD effective people development employee’s environment evaluate gain competitive advantage German National Library GRIN HRD practiced HRD Programs Huczynski Human Capital Theory Human Resource Development Human Resource Management implementation importance of HRD increase firm performance individual employee investment Jackson/Schuler 1995 KNOWLEDGE HAS VALUE lead to increased Learning and Development learning organiza Luoma McKinsey’s Meiffert one’s order to increase organization organization’s organizational culture organizational objec organizational performance personnel Pfeffer plays a key Practice in Human Programs Æ Publishing shift from training SHRD soft elements Strategic HRD Strategic Human Resource Strategic Management Strategische Personalentwicklung tion today’s Training and Development Training to Learning typical training Universtiy of Technology Verlag Walton Wegerich Werner www.GRIN.com