Business Management

Training and Development plays an in important role in building human capital

Content

1.1 Introduction P2

1.1-1.3 Definition and relationship P2-P3

2.0 Training and development is important for the organization and relevant example P3-P5

2.1 Training and development is important for the individual and relevant example P6-P7

2.2 The economic effect of human capital investment P7

3.0 Conclusion P8

Reference list P9

1.0 Introduction.

Training and development has an important role of building human capital, it is the field which is concerned with organizational activity aimed at bettering the performance of individuals and groups in organizational settings. It has to be admitted that training and development plays an irreplaceable role for building human capital.

1.1 Definition of human capital

Human capital refers to workers who have suffered education, training, experience accumulated investment, migration, health and other aspects of acquired knowledge and skills, also known as "non-physical capital." Because of this knowledge and skills can bring wages and other income for their owners, thus forming a specific capital ------ human capital.

1.2 Definition of training and development

Training is the business plan implementation will help employee’s work-related learning and existing knowledge, skills, attitudes activities. There are some differences between the staff training and staff development. Training focused on the traditional sense of the current work to improve staff performance and development focused on improving employees' ability to carry out future job mobility. Training them, requiring employees to use work experience fewer cases, and the development is often requiring employees to use work experience. The goal of the training focused on the successful completion of the current work focuses on the development goals accommodates future new technology, organizational...