The value of HRM to business organization Literature review

The value of HRM to business organization - Literature review Example One of the systems through which businesses always survive when the economy is on the descent is training its workforce. This paper, seeks to evaluate the consequences brought about by training the workforce (Sams 2009, 497). It seeks to analyze if investing in training makes the various businesses make a large profit out of the prevailing economic situations. During economic turbulence, employee training comes at the back seat by several businesses. This is with the aim of reducing the expenses (King 2007, 38). However, some organizations normally continue employing training even under tougher times. Some of the ways through which businesses can go about training during tough times include, reducing the duration, which the training course was to take, and practicing internal training. Technology also comes in handy during such situations as some organizations encourage e learning (Watanabe 2010, 56). If the research carried out in the United Kingdom during the 2008-2009 economic slu mps is anything to go by, then training might just be the perfect antidote for such times. The research found out that those businesses that focused on training managed to get back on their feet soon after the downfall. This is because training prepared the employees and the organization at large to be well prepared for the slump and they found a way of maneuvering through it (Jacobs 2003, 59). Similarly, the general classification of training as a tactic for endurance helped the organizations get back to their feet. Supplementary to that, training had an overall impact of reducing costs. This is because training boosts the attitude of the employees and due to the assurance, they carried out their duties as required and in the process avoiding damages. Studies showed that adequate training enabled the organizations survive in case such downfalls took place in the future (Adegoke 2013, 25). By this, it means that the employees shall become much proficient in whatever they do. This ph enomenon is of great significance mainly because the employees will be able to venture into new methodologies and technologies (Lawson 2002, 96). The new methodologies by all standards shall enable the businesses to register extraordinary profits. Training of employees plays a major role towards increasing the morale of employees. The fact that the employer invests in the employees and the reason that the employer will be after their well-being, makes the staff-members give their best for the company (Wisconsin 2009, 119). Moreover, research has established that training of employees during tough times does make them not to worry about job security. Similarly, the employees become more satisfied and they feel much appreciated and valued by the employers. The overall effect of this will be to increase overall productivity of the business due to increase in the level of commitment (Hawthorne 2007, 92). Research has also established that training employees during economic turbulence he lps in broadening their career network in that, they shall meet other professionals who will inspire their success in their respective fields (Russell 2007, 46). One can achieve this through organization of seminars and attending of various conferences. In addition, the conferences act as information sources because they provide up to date information in the specific field that the employers are pursuing (Buckley 2009, 85). In a similar situation, frequent training enables the