Training and development in Human Resource Management (HRM) refer to a system of educating employees within a company. It includes various tools, instructions, and activities designed to improve employee performance. It's an opportunity for employees to increase their knowledge and upgrade their skills.
After exploring its history, you might be wondering about the current state of training and development. How has it evolved over the past century? What significant changes have taken place in how training is delivered?
If these questions resonate with you, it's time to explore the latest trends in training and development. Let’s take a look at the current landscape and get a glimpse of where these programs are headed in the future.
Here are some of the emerging trends in training and development:
An organization that invests in its employees will likely see improved financial performance. According to research by the Association for Talent Development (ATD), companies with higher employee training expenditures reported 218% more income per employee and 24% higher profit margins.
Employee training and development in HRM serves various purposes:
Increase company productivity:
Improve product or service quality:
Lessen Employee Turnover:
Decrease Costs and Errors:
The role of HR in training and development is to help employees achieve their highest potential through various functions:
Additionally, HR is responsible for not only initiating training programs but also ensuring their adequacy and relevance. It is essential to consider employees' unique learning styles when designing training programs and activities.
Training and Development consists of 5 related processes. These processes do not have a distinct beginning, middle, and end. Instead, they overlap with each other to fulfill their intended purpose.
The processes are:
When done correctly, each process can lead to significant growth in your employees. Take note, no two employees or organizations are exactly alike.
Thus, you might want to allow some flexibility and personalization when planning the training. Also, try to consider varying backgrounds, cultures, and perspectives in implementing the processes.
So, are you prepared to establish your own training and development initiative? Hold on a moment! Before you proceed, it's crucial to select training programs that align with both your employees' needs and your company's training requirements.
It's important to note that 92% of employees have expressed that appropriate training programs significantly enhance their job engagement. Therefore, it's essential to ensure that your training and development program is a good match. Here are some examples you may want to consider:
Etsy:
Etsy takes a comprehensive approach to training and development, incorporating insights from sociology, adult learning theory, and organizational psychology, along with the company’s core values and culture. They emphasize employee feedback and even created their own feedback system, Sonar, in 2015. Like Etsy, you can blend various disciplines to create tailored programs for your organization.
Amazon:
Amazon has made a strong commitment to upskilling its employees, aiming to provide over 300,000 workers with training for future high-growth roles. Their "Upskilling 2025" initiative offers a range of programs, including:
Additionally, Amazon covers full tuition for over 750,000 operations employees, demonstrating its dedication to preparing workers for the future. Amazon’s approach serves as a prime example of impactful training and development.
AT&T:
AT&T strives to foster a culture of continuous learning and skill development. Through its internal training initiative, AT&T University, the company offers mentoring, career development, personalized training, and tuition assistance. This award-winning program exemplifies how companies can prioritize employee growth through comprehensive education and training efforts.
These examples provide valuable insight into creating effective training and development programs that can enhance employee engagement and foster future success.
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