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You are a HRM manager in a manufacturing firm faced with declining sales. Your CEOs response is to say we must cut all expenditure on training. Write a report for her outlining the advantages and disadvantages of following this strategy - Essay Example

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Training and development of employees at the workplace is increasing in significance for organizations that seek to have a competitive advantage and increase performance. Numerous debates exist among scholars and researchers regarding the impacts of training on both employees…
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You are a HRM manager in a manufacturing firm faced with declining sales. Your CEOs response is to say we must cut all expenditure on training. Write a report for her outlining the advantages and disadvantages of following this strategy
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You are a HRM manager in a manufacturing firm faced with declining sales. Your CEOs response is to say we must cut all expenditure on training. Write a report for her outlining the advantages and disadvantages of following this strategy

Download file to see previous pages... adheres to, most HR professionals agree that training and development at the workplace is a complex human resource practice that has the potential to influence the levels of success of an organization or lack thereof.
Despite the various benefits, training has on employee performance and overall organizational goals, most companies are increasingly finding it hard to maintain training practices especially during recession or declining sales. Firms that are faced with declining sales are forced to look for areas to cut expenditures as a way of protecting themselves against further loss of profits, and the risk of going out of business. In such cases, managers forces to identify areas of overhead to cut their spending on first, which usually sees the budgets of training and development either cut down or eliminated (Paradise and Mosley, 2000). The managers of such firms are forced to balance budgets through elimination of performance development programs and training practices that are considered unnecessary or add no major value to the profitability of the company (Milton-Eversole, 2010). Although this may seem as a short-term strategy or a reactionary one, it is often the case that the Training and Development function is the first in line to experience budget cuts when the management embarks on cost-cutting (Coleman, 2009; Phillips, 2009).
It is important for any organization to have a good understanding of the specific training needs of its workforce in order to adequately address inefficiencies of the past and meet present and future demands. The skills to be developed in the training program should therefore be tailored according to the skills required by different employees in the organization. Front-line workers who are involved in the running of operations in the firm should have the required technical skills and greater knowledge about the technical aspects of the job. Middle level employees such as supervisors and middle managers are involved in ...Download file to see next pagesRead More
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