The role of employee training and development at your organization.

 

Respond to the following in a minimum of 175 words:

Discuss the role of employee training and development at your organization.
How does employee training and development factor into your organization’s strategic planning and contribute to its competitive advantage?

 

Sample Solution

Employee training and development programs are essential to the success of businesses worldwide. Not only do these programs offer opportunities for staff to improve their skills, but also for employers to enhance employee productivity and improve company culture. They also can reduce employee turnover – and a 2020 Work Institute study shows just how important that can be for a company`s bottom line. Voluntary employee turnover, according to the report, costs U.S. businesses more than $630 billion annually. Providing training and development to employees allows employers to pinpoint the knowledge and skills they want their employees to have. Training and development programs can educate employees about new skills or provide updates on existing skills to enhance productivity.

ultimately see that ‘repentance’ due from the exhaustion of natural resources will be needed through changes in cultivation or transformation of the production of plants. While economists may argue that ‘nudge’, as a concept in behavioural economics, can positively reinforce and indirectly suggest behaviours within groups or individuals through positive advertising, Artificial Intelligence can, feasibly, act as a potentially effective system that analyses data concerning agriculture to provide valuable outputs, for example – ‘precision farming’. Using Machine Learning algorithms – an aspect of Artificial Intelligence, the technology can be used to collect both real-time and historical data to make specific decisions concerning the area or type of farming. The provision of such technologies will increase the total yield of crops, improving the general standard living conditions to allow humans to look towards becoming productive relative to conceiving at a higher rate. Detailed research conducted in Bangladesh, Indonesia and Nigeria has also suggested that degenerating living conditions increase the likelihood of reproduction rather than decreasing it. As aforementioned, a deep study in AI can also reinforce and control overpopulation by determining areas for improvement using sustainable technology such that the productivity and GDP growth will increase without compromising the total employment rate in the area, providing local economies with a circular flow of money to better their well-being. Therefore, Artificial Intelligence can perhaps be a substitute to the current analysis technologies by providing one that has much more profound, yet subtle impact to use as a guide for solutions – it enlightens what changes can be made to the daily lives in an economy, on both individual and market perspectives.

The recent 2019-nCoV epidemic is an example of how insufficient supply and demand can lead to a stagnant shortage in an economy, or in such cases – economies, as both local and multinational firms are unable to keep up with the increase in demand for sanitation products. At the standard supply and demand graph, prior to the spread of the virus, the general equilibrium theory explains how consumers interact with the sanitation market, ceteris paribus. However, with the increase in media attention on the infestation, the increase in shortage has, according to the law of supply and demand, cause prices to shoot up at a high rate, inevitably, lower-income families are unable to purchase them for their personal well-being, lea

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