Why training, mentoring, compensation and reward management of an organization ensures effective human resource development? Explain with the help of recent trends in the corporate world

                                                                                                                          

MBA

Human Resources Management

ASSIGNMENT

 

Course Code: MMPC-002

Assignment Code: MMPC-002/TMA/JULY/2022 

Coverage : All Blocks

4. Why training, mentoring, compensation and reward management of an organization ensures effective human resource development? Explain with the help of recent trends in the corporate world.

Training, mentoring, compensation, and reward management are all critical components of effective human resource development. Here's how each of these factors contributes to effective HR development, and some recent trends in the corporate world that highlight their importance:

Training: Training is important in HR development because it provides employees with the knowledge and skills they need to perform their job effectively. Recent trends in the corporate world have emphasized the importance of continuous learning and development, as technology and business practices continue to evolve rapidly. Companies are investing in new training methods, such as online courses, virtual reality simulations, and gamification, to make learning more engaging and effective.

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