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1 Literature Review: In the present age of cut-throat competition, it ...

1 Literature Review: In the present age of cut-throat competition, it ...

1 Literature Review: In the present age of cut-throat competition, it

Literature Review: In the present age of cut-throat competition, it becomes highly necessary for an organization to be dynamic. It should respond effectively and timely to the changes in the business climate. This is possible only when the employees in the organization are capable enough to cope with the pressures of the changing environment. For this there is no other alternative then to subject them to various training and development programs. Those companies with higher training investment have had higher market capitalization. It clearly indicates that the companies which have successfully implemented training programs have been able to deliver customer goals with effective results. It shows that good training results in enhancement of individual performance, which in turn, helps the organization in achieving its business goals. Training is a tool that can help in gaining competitive advantage in terms of human resource. “Effective Training” article by Sarah L. Fogleman (2011) states it‟s important that you find the right person to fill that position. If you don‟t, chances are you‟ll be filling that position again in a few weeks or, worse yet, dealing with an employee who isn‟t well- suited for the position or the business. As a savvy manager once said, “It‟s better to have a vacancy than to wish you had one.” Likewise, hiring the correct person to fill a position is just half the battle. If you‟re too busy to train the new employee, many experts would say that you‟re too busy to hire. Don‟t let minor mistakes by new employees turn into bad habits that you will have to spend months trying to correct, all the while worrying about the damage your criticism might be doing to your relationship with that employee. New employees expect training and development. They want people to help them learn to do things correctly the first way. Don‟t let your hectic schedule keep you from investing the time into teaching and orienting a new employee from the very beginning of your relationship. According to Benjamin James Inyang (2011) Creating Value through People: Best Human Resource (HR) Practices in Nigeria - International Business and Management Vol. 2, No. 1. 2011, pp. 141-150. This paper explores the strategic role of the human resources of an organization. The HR function focuses on building the human capital that drives the organizational activities to success. The in-depth analysis of the relevant 1

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