Human Resource Management Essay Example | Topics and Well Written Essays - 2000 words - 20

Human Resource Management - Essay Example Learning and development strategies are developed to provide continuous improvements to the company and its people. The learning and development process of the company allows the company to build the core competencies and this in turn helps the company keep up the competitive advantage and the flexibility. Hence it is crucial to note that the learning and development strategies of companies are very important aspects and need to be well designed and executed (P.Dwarakanath & M.Mala, n.d). The main features of the effective learning and development strategies mainly include the following. Firstly, effective learning and development strategies are well planned and designed based on the strategic goals of the company. The main reason the employees are trained within an organization is mainly to meet the goals and objectives of the company and to contribute to the growth of the company. Hence the learning and development strategies of the company are also mainly focused on the strategies of the business and focuses on the ways that the business can yield results (Silverman & Casazza, 1999). Hence an effective and efficient training strategy is one which is all rounded and takes into account all the strategies of the company as well as the internal and external environment as well. The second main feature is the Return on investment (ROI). In the modern organizations, a very important element that is always focused on is the return on investment that the company gains from the investment. Hence here in this case, with the learning and development strategies, an effective strategy will be one whose impact can be measured based on the various elements like the productivity, reduction in the defect rates, and many other process related elements (Lawler & King, 2000). The next important element of a successful learning and development plan is the methodology adopted by the company for the training and development needs. This includes various different learning and