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Yes, I agree with the statement. For an organization, human resources are a very important factor in accomplishing its goals. Human resources or employees of an organization work on the basis of the task assigned to them by the management Human Capital Essay Assignment Discussion Paper

Description - Human resource management refers to the actions and processes which include the identification of key positions which is important for the organization’s sustainable competitive advantage and the identification, selection, recruitment, and retention of potential candidates on a required scale to recruit for these roles. It is very for Human resource management (HRM) to maintain a strong talent pipeline. Investment in Human resources - This is related to the investment done by organizations for education, training, and development programs for workers. The effect of training and development programs on workers’ productivity can be evaluated based on a reduction in the wastage of money, time, and inputs.

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A properly trained worker improves quality and quantity performance. Four training conditions are - i)- Assessment- In this stage, the assessment is done to analyze whether training is required or not. ii)- Development- In this stage, the training content and the details of the required material are gathered by the firm. iii)- Delivery- In this stage, the training process of the team is started. iv)- Evaluation- In this stage, the evaluation of training impact is done by the experts. Methods of training i)- Specific on-the-job training improves the employee according to the particular company. Thus this will benefit the particular company only. ii)- The general training improves the overall productivity of employees that will help them in working with the other company. Six important pillars of HRM i)- Recruitment ii)- Compensation planning iii) Employees relations iv)- Safety norms for the workplace v)- Follow legal provisions vi)- Training and development.

Development and training methods help in providing more accuracy to the work and the outcome is also efficient and economical Human Capital Essay Assignment Discussion Paper