Training and Career Management Essay Example | Topics and Well Written Essays - 2500 words

Training and Career Management - Essay Example The competition in the market for skilled workforce has greatly augmented. There are certain key sought after skills that are highly desirable by different sectors, however availing the benefits of such skills often becomes challenging (Eraut, n.d.). Retaining and attract employee talent pool: There is a huge competition prevailing in the market to retain as well as to attract employee talent pool. Consequently, to enhance workplace desirability, providing the scope for learning by the employers plays a vital role (Eraut, n.d.). Workforce diversity along with changing demographics: Diverse workforce and altering demographics act as a key force affecting workplace learning as age, gender and ethnicity of the employees are evolving (American Society for Training and Development, 2008). Funding issues related to training and development: Providing proper training and development is a key constituent for enhancing workplace learning. However, keeping aside adequate funding has always remained a major concern for a number of companies especially during financial uncertainty (Eraut, n.d.). Providing training to the employees can greatly help the companies to deal with these forces. The requirement of skilled employees can be fulfilled by providing proper training to the employees especially the new comers along with the existing one. The aspect of training possesses the ability to increase the overall productivity of the companies. The proper guidance and training can definitely help in retaining and attracting employees. Training can also facilitate to enhance knowledge sharing and comprehend the significance of the forces for the companies which in turn would enable them to determine the strategies to handle different compelling forces (Eraut, n.d.). A company that is dominant in its product market mainly emphasizes the development of various strategies. The company primarily concentrates on increasing its market share. The training