SHRM 08.pptx - Strategic Training And Development Training...

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Strategic Training And Development
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Training and Development Training and Development Represents an ongoing investment in employees and realizes that employees are assets with value. Importance of Training and Development Rapid technological changes cause skill obsolescence. Redesign of work brings about the need for new skills. Mergers and acquisitions have increased the need for integrating employees into different corporate cultures. Employees are moving between employers more often, necessitating the training of more new hires. Globalization of business requires new knowledge and skills.
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Benefits of Training and Development Individual employee Increased employee marketability Increased employee employability security Organization Improved bottom line, efficiency, and profitability Increased flexible in having employees who can assume different and varied responsibilities Reduced layers of management Helps make employees more accountable for results.
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