The Value and Importance of Training Assignment

The Value and Importance of Training - Assignment Example Thus, it can be realized that the value and importance of training in an organization can be understood only if an organization undertakes a planned and efficient training program and sees through the results. The current study focuses on the value and importance of training, the current trends in the training and considering the Wal-Mart stores, the study shall try to associate the importance of training programs in the company. About the Wal-Mart Company: The Wal-Mart group of stores was started in the year 1962, when it initiated its discount stores in Rogers. Wal-Mart stores were incorporated in 1969 and in the present times it is one of the biggest retail stores in the world. It sells its products across 20 different countries and has gained around 2.1 million associates for its business throughout the world. The company intends to satisfy the customers by providing with retail products at costs that customers can easily find reasonable. The company has its own set of values and principles and has been following them over the years for the success of the company. It gives high value to the service that can be provided to its customers and has a large customer base (About us). The plans of the company give light to the company’s focus on customer’s satisfaction which requires the effective performance on the part of the organizational employees. The different products of the Wal-Mart group of stores are: apparels, health and beauty products, electronics, toys, jewelry, items for lawns and gardens, automotive products, furnishing products for home, hardware, sports goods, supplies for pets as well as household products. Wal-Mart also has its super-centers with products like packaged foods, fresh products and others. The company sells its products through its neighbor markets, express stores, and the super-centers. The company also makes use of the internet facilities and serves its customers through the online ordering and feedback measures. Th e online feedback of the customers are considered significant by the company for its future modifications and improvement (Walmart). Thus, the study on the company clearly indicates that the company needs to continuously update and keep its employees trained such that they can serve efficiently in all the respects and departments of the organization gaining the satisfaction from the customers. Current Trends in Training: The training and development of employees within organizations are based on increasing the skills and expertise of the employees for the betterment of the organization. It is thus, an important role of the human resources management team of any corporation to look for the ways to include and improve the training programs for the employees to be properly trained. The trends that improve the capability of the human resources team in any organization and hence, the training of employees include the â€Å"increased globalization of the economy†, â€Å"technologi cal changes, challenges, and opportunities†, â€Å"the need to be flexible in response to changing business environments†, â€Å"increase in litigation related to HRM†, and â€Å"changing characteristics of the workforce† (Bernandin, 9). The above trends reflect factors that are needed to be taken into consideration for understanding the needs of training programs within organizat