Snigdha Mohapatra (Ph.D Scholar, UU)
endure be reached at: snigdhainc@gmail.com
Anita Satpathy (AGM, MTC, OPTCL)
INTRODUCTION: Layoffs, Pink slips and Rightsizing affected the mother along world during the last couple of year. Employer and the employees both were bothered nearly these dirty but essential price. Thank God, gone be those days. This is the era when emphasis is on target and the talent to pass off to the same in right time. Here ar the concerns for those companies who disregard prepare themselves for turbulence and stand still with a progress line. A survey of business executives, conducted by McKinsey and Co., asking them to find the factor contributing the most to the increasing competitive persuasiveness in the global markets, identified the improved capabilities of the competitors, in terms of knowledge and talent. More low-cost competitors and much competition were the bit and third factors mentioned (The McKinsey Quarterly). This is the reason may be why human beings resource practices are no more(prenominal) considered as hygienics factors, or as staff maintenance issues. These human resources are considered as the leading source of competitive advantage (Peters and Waterman).
globalization and privatization have equipped the organizations to alter the way these companies were operating. The change in the nature and content of work (Howard) has impacted organizational survival of human capital development programs. One of the most ofttimes encountered human capital development interventions is training (Petrovic & etal). owe to shorter innovation cycles, increasing competitive pressure and the need for more flexibility in an uncertain business environment, organizations need more efficiency and effectiveness of the employees through education and training (Garvin). Organizations in order to equip their employees with the skills necessary to do their job, train them, in an effort to optimize their workforces potential. Some...If you want to get a full essay, order it on our website: Ordercustompaper.com
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