BU354 Lecture 12: Bu354 le12
Document Summary
Development: planned activities aimed at providing employees with enhanced skills and competencies for the future: expanding an employee"s potential so the individual can assume a future role o. Mid/long-term focus, skills required for future roles: used on high performing individuals with future role potential. Many programs focus on developing competencies: allows organizations to pinpoint characteristics that make up a competitive advantage and help employees understand what competencies are needed to get to the next level. Strategic human resource development linking employee development to business strategy: Strategic human resource development: the identification of needed skills and active management of employees" learning in relation to corporate strategies. An organization may have special policies to manage employees with critical levels of talent that add value to the organization. Requires commitment of financial resources, even if there is no short-term payoff. Contributes to higher performance and retention, improved employee satisfaction and commitment to the organization.
