Leading, Managing and Developing People in the Workplace Essay

Leading, Managing and Developing People in the Workplace - Essay Example From the discussion it is clear that the current competitive global economy requires companies to train and develop its employees of risk losing market share. Although there are high costs involved in training and developing the employees, the benefits of training will ultimately outweigh the associated costs. Several management practitioners have pointed out that training and development ensures that the organisation as the right mix of skills at all management levels.This paper discusses that ABB Company will be capable of attaining a competitive edge in the modern business environment through continuous training and developing the workforce especially on emerging engineering technologies. The attainment of the mission and vision of the organisation is dependent of the skills level of the employees. In addition, training and development will motivate the workforce thus leading to higher job satisfaction and productivity.  Competitive companies will engage in strategic planning th rough the use of acquired knowledge in order to meet the objectives and mission of the company. Accordingly, the human capital of the organisation can be viewed as a key success factor thus organisations must strive to train and retain the workforce.  Companies that commit resources to training and development ultimately enjoy an expanded market share, loyal employees and increased profitability thus facilitating the attainment of the organisational mission.... Competitive companies will engage in strategic planning through the use of acquired knowledge in order to meet the objectives and mission of the company (Bee 1994). Accordingly, the human capital of the organisation can be viewed as a key success factor thus organisations must strive to train and retain the workforce (Gary and French 2010). Companies that commit resources to training and development ultimately enjoy an expanded market share, loyal employees and increased profitability thus facilitating the attainment of the organisational mission. Some companies are committed to spending a certain percentage of their revenues towards employee training and development in order to meet the modern business challenges. In addition, the companies require the staff to dedicate a number of working hours towards improving their skills and attitudes through training and development. These companies will be in a position to attract qualified workforce, due to the good reputation associated wit h training and development of employees (Boydell & Leary 2006). The six ‘Es† of training Engage: - Training and development enables the employees to understand and appreciate the policies of the organisation. For instance, the employees of the company can be able to understand how new working methods will contribute to improvement in product quality. Accordingly, training and development is essential in embracing new organisational culture since the employees are able to enhance team work in the organisation. Educate: - The main purpose of training is to acquire knowledge that is essential in understanding work expectations and responsibilities. Since ABB employees may be moved from one country to the other, the companies must ensure that employees