We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Human Resource Development - Essay Example

Comments (0) Cite this document
The Impact of the Economic and Financial Crisis on HRD Name: Institution: THE IMPACT OF THE ECONOMIC AND FINANCIAL CRISIS ON HRM AND KNOWLEDGE-MANAGEMENT Introduction Following the 2008 financial crisis in the UK, companies started cutting back on training budgets in order to minimize the costs arising from the recession…
Download full paperFile format: .doc, available for editing
Polish This Essay98.9% of users find it useful
Human Resource Development
Read TextPreview

Extract of sample
"Human Resource Development"

Download file to see previous pages As a HR Manager, our company CEO has expressed a similar viewpoint, contending that HRD is unnecessary during the financial crisis and that the HRD budget should be the first to go in case of cost reduction. This is informed by previous actions taken after financial crises, during which this strategy worked. However, the present crisis is starkly different from the earlier ones as it has spread very fast globally and brought world economies close to collapse. This course of action, therefore, may not be as effective as it was earlier. Markets have been steadily decreasing with sales also shrinking; therefore, different solutions are required at company, national, and international level (Caprio, 2012: p54). The current crisis has been compared to the Great Depression, with the remedies used then being implemented by various companies to date (Jungmann et al, 2011: p33). However, serious and vital changes have happened since then. The most important difference is the change in the national economy structures. Compared to the Great Depression era, the service sector has grown in significance with the industrial and agricultural sectors decreasing. This has meant that there has been an extensive strengthening in an area where connection to the material processes has been secondary, even as employment factors have remained significant (Fuchita et al, 2010: p65). Productive capital is to be found embedded into the employee’s and their work. This paper will seek to show that corporate methodology for dealing with the current crisis cannot follow earlier patterns by cutting funding to Human Resource Development L&D. This is informed partly by the character of the present crisis. This is especially factual for a company where intangible assets, have a vital role to play and where production is linked to knowledge instead of tangible assets. The Role of Learning and Development in Times of crisis The management of crisis and their solutions appears time to time in the media. This usually involves reduction of working time for employees, lay-offs or cuts to Human Resource Development. In most cases, the organizations have no choice with regards to avoiding insolvency or bankruptcy. Cutting funding to Human Resource Development, however, offers short-term solutions while leading to long-term problems (Lazear & Michael, 2009: p44). One assumption made regarding knowledge management is that human capital and information play a more significant role in the input process. A significant part of the organization’s value lies with human capital, i.e. the knowledge in its employees possession, which is a crucial factors as far as improved corporate performance and competitiveness are concerned (Lazear, 1998: p10). Faced by a crisis, however, an organization may begin paying inadequate attention to the retention of knowledge that is lay-offs as well as the improvement of knowledge for its employees. Most companies will utilize a “lawnmower principle” with an aim to reduce costs by trying to economize on their highest components of cost; wages and Human Resource Development (Buckley & Jim, 2009: p22). This strategy, however, is limited in its effectiveness. Cutting costs involves the sacrifice of resources in order to increase profit, with whoever is tasked to examine resource utilization attempting to cut costs by all means possible. Costs, however, occur during operation and not at the investment point. Assets improve profits and costs need ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Human Resource Development Essay Example | Topics and Well Written Essays - 2000 words”, n.d.)
Human Resource Development Essay Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/management/1459759-human-resource-development
(Human Resource Development Essay Example | Topics and Well Written Essays - 2000 Words)
Human Resource Development Essay Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/management/1459759-human-resource-development.
“Human Resource Development Essay Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/management/1459759-human-resource-development.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Human Resource Development
6). Essentially, it’s shaping an organization nurture internal accountability by managing performance through enculturation of service within a given system (Gibbs, 2007). This essay aims to design an HRD plan for SM company but focused on the significance of mentoring and coaching to enhance workers’ performance befitting to company’s need.
9 Pages(2250 words)Essay
Human Resource Development
This essay seeks to compare two academic articles that involve the elements of HD and HRD. Summarizing the central arguments of the authors by using HRD theories and research methodologies, this paper reaches the conclusion of the importance of training and development, culture, and values, not just within the corporate context but also in the global perspective. This is done by reviewing the development of HRD theories and practices, as well as the introduction of argument justifications.
6 Pages(1500 words)Essay
Human Resource Development
Make it relevant to the employee: If the training is relevant to the employees’ needs, they are more likely to use them for the benefit of the company. Training should be an opportunity for personal development of the employee. Design or obtain employee training that has clearly stated objectives with measurable outcomes.
5 Pages(1250 words)Essay
Human Resource Development studies
These diversifications that organisations have embraced are mainly in terms of increasing the range of products and services that they offer or expanding their operations to different regions in the world. As a result of the diversification, organisations have had to embrace new trends in maintenance and development of skills among their employees to match up to the demands by the new working environment (College Of Agriculture, Food And Rural Enterprise, 2007, p99).
10 Pages(2500 words)Essay
Human Resource Development
The corporate world has begun to realize the need and importance of employee development in the current dynamic business environment. An awareness of how individuals differ in their values priorities and values maturity, learning style, orientation has helped many companies cope better with interpersonal conflicts, botched communications, breakdowns in trust, and misunderstandings.
6 Pages(1500 words)Essay
Human Resource Development
However, despite these initiatives, Westway Land requires new policies and procedures to ensure that junior-level managers are trained efficiently to handle the roles of middle management and requires systems by which to evaluate training
8 Pages(2000 words)Essay
Human Resource Development
This however is not the only extent to which globalization effects the business processes of multinational corporations as, like all other policies, the HRD policies are
22 Pages(5500 words)Essay
Human resource development
Cognitive motivational theories have a direct relevance to the human resource development. Mainly, majority of human resource development
3 Pages(750 words)Essay
Human resource development
key role in determining any organisations productivity, hence making human resource a, which slightly differs from labour, a vital asset in organisation. In efforts to improve the productivity of labour, UK government has been involved in human resource development through
4 Pages(1000 words)Essay
Human resource development
Here are the training and development programs for five of the staff members: The event supervisor should have a training and development program that focuses on the employee aid through ongoing encouragement, effective communication and identification of interests,
4 Pages(1000 words)Essay
Let us find you another Essay on topic Human Resource Development for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us