- 4 Marks
Question
Human Resource Management plays an essential role in employee development activities. Employee development activities refer to initiatives taken by organizations and employees to enhance their skills with time and keep themselves acquainted with the latest developments.
Required:
Explain TWO strategic importance of Human Resource Management and employee development. (4 marks)
Answer
1. Enhancing Organizational Performance: Human Resource Management (HRM) and employee development are crucial for enhancing organizational performance. By investing in the continuous development of employees’ skills and competencies, an organization can improve productivity, efficiency, and overall competitiveness. This ensures that employees are well-equipped to meet the challenges of their roles and contribute effectively to achieving the organization’s strategic goals.
2. Employee Retention and Motivation: Strategic employee development fosters a culture of continuous learning and career growth, which can significantly improve employee satisfaction and motivation. When employees see that the organization is invested in their personal and professional growth, they are more likely to remain loyal to the company, reducing turnover rates. This not only helps in retaining talent but also enhances the organization’s ability to attract top talent.
- Tags: Employee Development, Human Resource Management, Strategic Importance
- Level: Level 2
- Topic: Marketing, operations and HR perspectives
- Series: MAY 2017
- Uploader: Theophilus