Human resource development is one of the key aspects to be considered by the contemporary business organizations in gaining competitive advantages (Urbancova 2013). This is important for the business organizations due to the reason that, the current business scenario is much more challenging and competitive for them. Thus, contemporary business organizations are leveraging on the initiation of the human resource development in order to enhance the skill and effectiveness of the employees (Chinomona 2013). Thus, with having the employees with right skills, business organizations will be able to compete effectively in the market.
However, initiation of the human resource development involves supports from various stakeholders including senior level management and the government. The more holistic with be the support system for the employee development, the more will be the effectiveness of the human resource development policies (Jehanzeb and Bashir 2013). In addition, initiation of the policies of human resource development is not only having benefits for the employees, but also for the society as well. This is due to the reason that, with the help of the human resource development, business organizations will have the advantages of having skilled employees along with the society with having more skilled populations. Thus, it will help in enhancement of the economy as a whole.
This report will discuss about the benefits of the human resource development for the Primark, employees and the society. In addition, the role to be played by the senior level management in supporting the learning process will also be discussed in this report. The role of the government in human resource development will also be discussed.
The earlier sections discussed about the benefits of the human resource development for the society, business organizations and the employees. However, there are various factors that need to be determined effectively in order to have desired benefits from the human resource development. One of the key factors is the determination of the role of the key stakeholders in the human resource development. Thus, the following sections will discuss about the role played by different stakeholders in initiating human resource development and their importance.
Conclusion
Thus, from the above discussion, it can be concluded that, initiation of human resource development helps Primark to gain competitive advantages in the market. This is due to the reason that, initiation of the human resource development will enhance the skill set of the employees and thus it will help them to enhance their talent pool. Moreover, it is being discussed in this report that, having the skilled employees enables the business organizations to compete in the market effectively. This report also discussed about the various benefits being gained by business organizations, employees and the society from the initiation of the human resource development. It is being concluded that, initiation of the process of human resource development is having holistic implications on the entire society. The key stakeholders involved in the process of human resource development are also being identified and discussed in this report.
References
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Alegre, J. and Chiva, R., 2013. Linking entrepreneurial orientation and firm performance: the role of organizational learning capability and innovation performance. Journal of Small Business Management, 51(4), pp.491-507.
Alfes, K., Truss, C., Soane, E.C., Rees, C. and Gatenby, M., 2013. The relationship between line manager behavior, perceived HRM practices, and individual performance: Examining the mediating role of engagement. Human resource management, 52(6), pp.839-859.
Anitha, J., 2014. Determinants of employee engagement and their impact on employee performance. International journal of productivity and performance management.
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