Strategic Training And Development In The Knowledge Age

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Training and Development Attracting and retaining top talent in the Knowledge Age is critical to the success of organizations. As Baby Boomers near retirement, organizations must consider the needs of employees in order to attract and retain the top talent. To that end, strategic training and development plays a large role in that goal. Prior to implementing a training and development program in an organization, it is important to understand the career aspirations of its employees. Strategic training and development may include in-house trainings, company paid attendance at training seminars, or continuing collegiate education subsidized by tuition reimbursement from the organization. Professional development may also include participation …show more content…
66). Another business goal is increased employee satisfaction and retention (Noe, 2013, p. 66). It is the author’s assertion that the business goal of employee satisfaction and retention is imperative in the Knowledge Era. Miller, Rothwell, Stopper and Zaballero (2015) state that it is the “Knowledge Era that made talent the engine of business” (p. 36). One way to increase an employee retention is through the comprehensiveness of a training program. Ehrhardt, K., Miller, J. S., Freeman, S. J., & Hom, P. W. (2011) found that a comprehensive training program increases employee commitment to an organization. In other words, organizations that address employee needs as well as business needs enjoy a higher level of employee …show more content…
These two strategic training and development initiatives serve to address the business goal of employee satisfaction and retention. The Personal Growth strategy would involve training activities that would lead to an employee’s personal growth such as wellness, interpersonal communications, and technology skills. The exact training offerings would be determined through a needs survey to employees. The Cultural Competency training program would address cultural sensitivity, cultural norms, and diversity

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