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Explain the importance of training and the bottom line and how its effect on turnover - Essay Example

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Many firms are judged on the basis of their rate of turnover. The turnover rate influences the organization’s performance. Therefore, organizations…
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Explain the importance of training and the bottom line and how its effect on turnover
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Download file to see previous pages turnover then this means that the organization has been successful in retaining its employees by giving them better atmosphere and working environment. High turnover of employees negatively influences the organization and the organization is not able to smoothly plan things and manage their operations. Thus, turnover of employees is a critical aspect in the success of the organization (OConnell, & Kung, 2007).
Human resource management is responsible for formulating different strategies in managing the human resource and in retaining them. Training is one of the strategies that human resource uses in order to retain the employees (Carraher, 2011). Employees analyze and identify career growth, skill development and several other factors to continue their job with the organization. If employees do not see a bright future with the organization then it is likely that they would switch to an organization that can offer them higher growth and career development. Training is therefore critical in building and developing the skills of employees. Training is an important aspect and function of human resource department and human resource management. Training helps the employees of the organization to learn new things as well as enhance their existing skills (Pencavel, 1972). Training is a sort of investment that the organization makes on the employees and the returns on training are basically the higher productivity, more consistency in the performance of employees, overcoming the issues, problems and weaknesses in the employees of the organization, increases the satisfaction level of employees, reduces the pressure and work of the supervisor and several other benefits. Therefore training has a lot to offer to the employers and the organization.
Training is one of the key elements linked to employee satisfaction in a specific firm. There are different aspects that result in retaining of employees and the satisfaction of employee is among one of these factors. Therefore ...Download file to see next pagesRead More
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