Human resource management Essay Example | Topics and Well Written Essays - 1500 words - 3

Human resource management - Essay ExampleOne such academician is Caroline Lloyd. In her article Training and development deficiencies in high skill sectors (2002), Lloyd raises concerns over the lack of training and development, and its impact on the UKs competitiveness in the virgin knowledge economy. How grave the situation is, and what implications do Lloyds concerns have on the future of the UK labour commercialise shall be analyzed in the following discussion.In Lloyds article, she presents the dissertation that there is an acute need for emphasising on centrality of skills and training for the UK to compete in the new knowledge economy. Companies need to create learning environments so that employees will be able to adapt to the changing work requirements. This can be achieved through internal training and continuous vocational training. However, the current work environment does non meet these requirements. There are two explanations for the lack of training and development in organisations.Lloyd claims that one reason could be the market failure to provide mortal training. This could be improved by providing a central incentive program for training employees, motivation for employers to develop their human capital and set up of shell practice to influence employer behaviour. The second reason, as other academics provide, is because the UK is a relatively low skill economy. Employers are non competing in high end products in standardized markets. For this reason they are not motivated to develop their workers for higher progression. To alter this status quo of skill deficit, the government needs to implement policies to restructure the market and industriesBy using two companies from high value-added product markets, Lloyd establishes that despite the companies success in their product markets, they are constrained by their industrial environment. They are not motivated to invest in training and development, or set best practice standards in