According to Noe, (2017) forces that affect the workplace and learning are as followed; Economic cycles, Globalization, Increased value placed on intangible assets and human capital, Focus on link to business strategy, Changing demographics and diversity of the workforce, Talent management, Customer service and quality emphasis, New technology, and High-performance work systems.
Economic cycles are the period of growth or decline in the economy. Among its factors are changes in the gross domestic product (GDP), interest rates, or even terrorism. Training allows a company to determine the risk factors, and be ready with employees skilled and trained to respond to those risks. An example of can be found in the article Training helps company to avoid deep job cuts”. Here a struggling company that had …show more content…
Raining on how to recruit, motivate and grow employees we lead to lower turnover. Talent management recognized that highly motivated worker need to grow through new experiences to reduce the employee need to seek out opportunities at other company. Highly skilled employees are always looking for career growth, According to Tam and Gray, (2016) most learning practices are work related, yet it is essential for learning to include a professional development component to meet employees’ career expectations, not just their work demands”.
Consumer service and quality emphasis, in today’s economy consumer, have multiple buying options. We no longer have to purchase grocery from the same store are parent use. Or purchase clothing at the only store in town. With the increase in our buying options, the deciding factor often comes down to the supplier customer service rating, whether it’s determined by word of mouth or amazon reviews. Training that improves on customer service and quality can provide the competitive advantage, especially to small
Economic cycles are the period of growth or decline in the economy. Among its factors are changes in the gross domestic product (GDP), interest rates, or even terrorism. Training allows a company to determine the risk factors, and be ready with employees skilled and trained to respond to those risks. An example of can be found in the article Training helps company to avoid deep job cuts”. Here a struggling company that had …show more content…
Raining on how to recruit, motivate and grow employees we lead to lower turnover. Talent management recognized that highly motivated worker need to grow through new experiences to reduce the employee need to seek out opportunities at other company. Highly skilled employees are always looking for career growth, According to Tam and Gray, (2016) most learning practices are work related, yet it is essential for learning to include a professional development component to meet employees’ career expectations, not just their work demands”.
Consumer service and quality emphasis, in today’s economy consumer, have multiple buying options. We no longer have to purchase grocery from the same store are parent use. Or purchase clothing at the only store in town. With the increase in our buying options, the deciding factor often comes down to the supplier customer service rating, whether it’s determined by word of mouth or amazon reviews. Training that improves on customer service and quality can provide the competitive advantage, especially to small