11 pages/≈3025 words
Learning and Talent Development Assignment (Term Paper Sample)
The paper focuses on learning and talent development strategies that organizations use and the challenges faced by companies. Recommendations to overcome the talent building challenges.source..
LEARNING AND TALENT DEVELOPMENT
Code + Course Name
Learning and Talent Development
Organizations and industries have a duty and responsibility to build talent of their human resource to maximize productivity and ensure efficiency. The success of any company is determined by its employees and the support offered to them by the top management. Learning and development are one of the long-term investments towards building a resilient workforce (Mankin, 2009). It helps organizations maintain internal capabilities so that they can fully execute their strategies. Large organizations with diverse workforce all over the world face challenges tracking the learning and development (l&d) schedule of their employees. WBA Plc faces the same challenges with its workforce of over 100,000 employees; they can barely track the l&d process of their workers. The organization has put effort on developing a learning and development strategy initializing with the online knowledge portals, induction of new employees continuous workshop training for its permanent staff.
Context of Learning & Talent Development
Companies are different in their size, geographical scope, sector and structure. It is essential for the learning and talent development in a company to assess and be fully aware of these factors which will create various challenges as well as opportunities so that learning and talent development align its efforts to effectively contribute to the company’s success. WBA plc is unique in its size, geographical scope, sector and structure, and what works in other organizations does not necessary work for WBA plc.
These factors can be summarized in the below spider chart:
Besides the above mentioned information of the organization, WBA plc assesses the impact of internal and external factors for building a comprehensive understanding of the company, and consequently developing the right Learning and Talent Development policy.
Learning within WBA Plc can be seen in terms of insights, knowledge, and skills. With the high competition and the challenges, it faces the company should not only identify the best talent but also ensure that the employees get the learning content they need at the right time. To remain competitive the company need not play down the diverse talent of the employees within the organization (Barnes et.al 2010 p.45). The organization cannot just adopt one learning program for different talents. The organization's direction and strategic objectives help in the development a cost effective L & TD strategy. There are three issues related to learning; aligning learning and development with the organization's strategic objectives, diversification of learning options and interdependence of learning and work. The three issues help in getting a holistic view of the L & TD that aligns organizational goals to individual achievements.
WBA Plc needs to consider three key components of a successful learning and talent development strategy. These components are;
Key components of L & TD
(Kozlowski, 2009 p.34)
L & TD Interventions
WBA Plc should invest in training courses because they are cost effective and can be easily planned in the week’s schedule. The staff are comfortable with such training programs are familiar to them and attending them is easy. Managers also love training because it enables them to build teams with less effort. It also gives them an opportunity to choose the kind of training that perfectly fit the needs of the organization.
Training strategic options
The first strategic choice that the company needs to consider is the in-house skill training. This is a tool to increase individual as well as the organizational performance by improving productivity, efficiency and effectiveness. Training and development tool is an investment focusing on the future objectives of the organization because it enhances skills and abilities enabling individuals to move along within the organization and pursue career aspiration depending on the arising organizational needs (Lussier, 2013). It will give the company a competitive advantage because it builds a pool of highly skilled flexible workforce that eventually improves productivity and overall performance.
Highly skilled employee increases productivity by giving an output of higher value. Motivated well-trained workers, on the other hand, cuts on supervision cost because they have skills that enable them avoid mistakes. They minimize machinery downtime because they easily recognize faults in machinery and repair them in time. Skilled workers also improve the organization’s flexibility because of their multi-skills and broad knowledge base. Technically competent employees give management confidence in utilizing the new technology (Rigg and Richards, 2006 p. 84). Today with highly competitive business environment efficient production is only achieved through highly advanced machinery that are operated by employees with high level of skills. Moreover, a well-trained employee improves efficiency by establishing a good relationship with suppliers and customers keeping updated records that ensure that products are always delivered in time. When the management express commitment to training and development it gives employees confidence that they are being valued by the organization. Thus, it builds workers morale and encourages to become better (Lussier, 2013). Apart from training and customer service engagement is also an important factor. WBA Pc will need to engage its employees through wide consultation with them on a number of issues. The organization need not to make any majo...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
- Learning and Talent Development AssignmentDescription: The paper focuses on learning and talent development strategies that organizations use and the challenges faced by companies....11 pages/≈3025 words| 10 Sources | Harvard | Management | Term Paper |
- PROCESS MAPPING AND A STUDY OF LEAN MANAGEMENT Description: PROCESS MAPPING AND A STUDY OF LEAN MANAGEMENT Management Term Paper...10 pages/≈2750 words| 6 Sources | Harvard | Management | Term Paper |
- Crowdsourcing Assignment: Impact Of Outsourcing In BusinessDescription: This definition was given by Jeff Howe by getting an article published in a magazine in June 2006 with the title “The rise of crowdoutsourcing”...6 pages/≈1650 words| 10 Sources | Harvard | Management | Term Paper |