Top-Rated Free Essay
Preview

agree or disagree with " the most important investment for a company is to spend money to improve the work skills of its employees.

Good Essays
438 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
agree or disagree with " the most important investment for a company is to spend money to improve the work skills of its employees.
agree or disagree with " the most important investment for a company is to spend money to improve the work skills of its employees.
In contemporary society, high level employees paly an indispensable role in the rapid development of companies. Therefore, Form where I stand, devoting money to improvement of its' employees has been the most important investment for a company.

First of all, skilled employees, to a large extent, are conductive to reduce a large amount of cost in companies. They employees who are well trained equipped with more energy and skill, so that they accomplish their jobs more efficiently and effectively. If a company afford for improvement of workers' ability, the employees are more likely finish their work in a comparatively short time, and they are capable of digging their potentials. So their company just only hire fewer employees than in the past to save a large amount of money. In addition, the skilled employees may produce more high qualitied products, and they made less mistakes during the work time. Companies are more likely to make good use of materials,for example, skilled workers decline the number of low-qualitied products that need to return to assembly lines and to consume materials and human resources. It is obvious that the if companies get their employees trained, they will gain more profits owing to lowing costs.

Moreover, companies should improve the abilities of employees to adjust to progressions of society. The quickening pace of society require people to endow with more knowledge and skills. It is wise for a company to promote the staff's various abilities by training. Take my mother's company for example, 20 year ago, companies introduced new equipment, computers, however, most of employees could not master those computers. The company hire a computer expert to taught them to use computers. It turned out that my mother's company develop more rapidly than those whose staff could not handle computers, since the employees already have been able to apply to the advanced technology. What's more, at present, numerous machines are widely used in companies or factories, and skilled people are required to operate them. It is no exaggeration to say that companies with highly skilled staff will easily gain core competence in modern society.

Admittedly, there exists other investments besides enhancing employees' work skills, such as employing a eminent leader and introducing more state-of -the-art machines. However, the merits of improving staff overshadow that of other methods because of saving cost and adjusting to the development of society. Therefore, I reinforce my view that improving the abilities of its staff is serves as the most important investment for companies.

You May Also Find These Documents Helpful

  • Good Essays

    For example this training could include necessary training for when things change within the business. The employee will also need to fit the criteria to fit the job required, as these are the tasks that the employee will need to be preformed within the job correctly on a daily bases. From this the employee should be able to; show initiative towards customers, when they are looking at properties. The employee should also be organised, be able to give instructions and communicate to other members of staff and customers. The employee should also have knowledge and IT skills to help customers. Employees should also be able to answer general questions and do paper work effectively. From employees being able to do all of these requirements the business will be very successful and they will help to manage resources within controlling a budget. Whereas if the business controls its staff well then this could save the business money as they would not need to spend as much money on training of their staff and this will help to increase the business probability. Also as the business will save money they…

    • 1227 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Skilled employees produce more as mentioned above, which greatly benefits a company. They know how and they get the job done. With a skilled employee, you do not need to watch over them, or teach for years, they are able to assess situations on their own based on common sense and knowledge. This means the company saves great amount of money. UTC has one person who can do a four-persons job because they are…

    • 2559 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    Msa 601 Philosophy

    • 1605 Words
    • 7 Pages

    When it comes to an organization that focuses on effective learning, training is one of the most important aspects to the organizations success. It is imperative to ensure that all employees are receiving the proper amount of training that will enable them to have a better handle on their job. An organization that lacks training can lead to employees not growing or expanding their knowledge. The expansion of individual’s knowledge is critical for the reason that we live in an ever changing world. The training is needed in order to keep a completive advantage. For example, in an organization such as a cell phone company, all employees must be learning on a continuous basis. This is because of the constant changes and needs of consumers. Consumers are constantly looking for new features and new phone capabilities. This means that all employees must be properly trained in order to produce market and sell these products. This starts all the way from the top. Corporate must be trained well enough to know what consumers are looking for, and marketing must be trained well enough to know how to get the product in consumers faces and the retail agents must be trained well enough to share all of the features with potential customers. Effective learning can be compared to a domino effect. The learning process can just come from one force. Management must pass new knowledge down to their subordinates and if the subordinates have valuable information they must relay it to management. This will in return create synergy.…

    • 1605 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    One of the most important thing in workforce management is relations between employer and employee, because as a managers we wanted to save our budget; however, sometimes retrenchment negatively affects workers attitudes. Thus one of the most significant things that we have learned is the importance of capability to measure the benefits of investments in training, programs, wages and many other aspects of HRM. Good workforce management will apply good investment strategy and focus on essential issues which should be solved in order to increase business results. That is why, we tried to find out the cost and benefit relationship to increase the effectiveness of our decisions. Managers should allocate their budget very smart, so that performance and loyalty of workforce will increase and, as a result, increase business profits. If company provides good conditions for employees, workers will have high morale, which leads to decrease in turnover, absenteeism, grievances and unit labor cost. That is why the appropriate amount of money should be invested in benefits and programs. Also it is very important to have qualified workers, because they will increase company’s productivity and quality. Thus, we invested a significant part of our budget in training. Generally, we…

    • 483 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A business’s employees directly affect the success of the business. In general the employees equal the success of a business. When employees are trained adequately the business will most likely thrive. When employees are inadequately trained there will be strain on the business. If a business fails to provide their employees with an adequate training program, the business will be unable maintain an effective and efficient business. Often training programs are ineffective and outdated. This is a major problem for any business.…

    • 649 Words
    • 3 Pages
    Good Essays
  • Good Essays

    business resources

    • 1317 Words
    • 6 Pages

    Employees are often regarded as the most important part of a business because without them the firm would be unable to produce its goods or offer its service, it would cease to exist. Employees are human resources and need to be treated and managed in a certain way. With the work place ever changing, both employers and employees need to adapt quickly to keep up. This starts at the recruitment stage, with employers choosing staff with the desired skills. They can then give you staff training to enhance their skills, helping both the business and employee to improve.…

    • 1317 Words
    • 6 Pages
    Good Essays
  • Satisfactory Essays

    Case Study Ch 8

    • 411 Words
    • 2 Pages

    Employee development is also a key factor in determining success, and showing employees their value in the company by linking it to compensation…

    • 411 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Training is an important aspect of the organization because it improves the knowledge of future employees to taking further roles or receiving promotions when it goes notice by any higher authority. Without training, some employees might not feel comfortable to take on further task and challenges because their lacking of knowledge in areas…

    • 647 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Human capital now is the most precious resource of a company, because the creativity of a firm’s core competitiveness is human beings, so the quality of the employees determines the future of a company. In this situation, employment and retention of “talent” employees becomes the key action of a company. To make employees “willing” to stay and generate their loyalty to the company, management have to maintain…

    • 1703 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    While organizational development is contingent on how employees will perform in their daily job functions, employee training offers the opportunity to further develop the employee's attitude, skill set, knowledge, and reactions to possible stressors. When workers become open to new training techniques and become more experienced in performing new job requirements the company benefits along with the employee. Employee training aids in more viable production, and even though employee training can cost an organization financially the long-term effects of properly training its employee is more valuable to the organization than the overall cost it incurs. The company can further the development of its employees by providing additional training which puts value in the employees personal stock, increases the talent pool and increases the duties the employee can…

    • 1521 Words
    • 7 Pages
    Better Essays
  • Powerful Essays

    OBHR 428

    • 5638 Words
    • 23 Pages

    Employees in today’s organizations are not interchangeable, easily replaced parts of a system but the source of the company’s success or failure.…

    • 5638 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Workforce Planning

    • 951 Words
    • 4 Pages

    Make sure the skills and training of your employees meet the current and future needs of your business…

    • 951 Words
    • 4 Pages
    Good Essays
  • Better Essays

    According to DeCenzo and Robbins (2007) employee training is defined as “changing skills, knowledge, attitudes, or behavior” of an employee; and is considered “present-day oriented”; focusing on the employees current position, by enhancing his or her skills for that specific job and the ability to perform that job. The development of an organization depends on the performance and the ability accomplish his or her job. According to Glance, Hogg, and Huberman (1997) “an organization’s decision whether or not to train its workers affects the overall economy, even if the firm does not factor the economy into its decision” (p.84). Organizations benefit from having well trained employees that are able to adjust to new changes within the organization and perform at a higher level. With well trained employees the organizations increases production within the organization. Training cost for training employees can be extremely high; however, the long-term benefits in the decrease in employee turnover. Organizations are willing to invest further employee development once the employee has demonstrated he or she is able to perform all job requirements.…

    • 1269 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Some may agree that a company’s most valuable asset is its employees. One of the most important key of keeping a business profitable is having productive employees. Most company works on limited resources, and it is important to get things done with the limited resources. Having a high productivity would not just avoid wasting resources but also increase the work done with same amount of resources than normal. Besides that, another reason of having productive employees is in helping a company to create more…

    • 703 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    The quality of employees and their development through training and education are major factors in determining long-term profitability of a small business. If you hire and keep good employees, it is good policy to invest in the development of their skills, so they can increase their productivity.…

    • 12580 Words
    • 51 Pages
    Powerful Essays

Related Topics