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FREE E-BOOK

Human Resource
Development (HRD)
Management Notes for SEBI
Grade A Exam

For SEBI Grade A Exam


Human Resource Development (HRD) Free SEBI Grade A e-book

Human Resource Development (HRD)


Management Notes for SEBI Grade A Exam

What is Human Resource Development?

Human Resource Development is the framework for helping employees develop their skills,
knowledge, and abilities, which in turn improves an organization's effectiveness.

It helps organizations develop their workforce through employee training and career
development which improves organizational effectiveness and performance.

It may include many different opportunities, activities, and employee benefits, such as:

• Performance management and development

• Employee coaching

• Mentoring

• Succession planning

• Tuition assistance

• Organizational development

Human Resource Development - Working

Organizations have many opportunities for human resource development, both within and
outside of the workplace.

Human resource development can be formal or informal, and it can begin as soon as you are
onboard new employees.

Informal learning could include:

• Coaching by managers

• Mentoring by more experienced employees

• Collaborating with highly trained colleagues


Human Resource Development (HRD) Free SEBI Grade A e-book

Formal Development might include:

• In-classroom training

• College courses

• Planned organizational change

• Internal training provided by staff or a paid consultant or facilitator

Healthy organizations understand the power of human resource development and cover all
of these bases.

To illustrate how human resource development can work, imagine a new sales rep has been
hired by your company.

They receive formal training by staff as part of the onboarding process, and regular informal
coaching by managers as they learn the ropes.

As they continue their career with you, more opportunities arise for formal internal training,
which is then implemented on a regular schedule.

Perhaps you assign this new employee a mentor who can help them navigate any difficulties
and even work to identify their special strengths; this enables the employee to be directed
toward a path of advancement tailored to their unique abilities and desires.

Finally, as the employee gains more experience, knowledge, and training, they may be tapped
for a leadership role, which could then involve more specialized management training.

During this time, the employee, with help from the organization's focus on human resource
development, has improved their effectiveness and productivity, boosting your company's
bottom line and overall success.

Tips for Internal Training

The Balance

• By providing internal management training, you help develop your employees'


strengths as well as their ability to contribute to your organization.

• Management training might include internally supplied, customized management


development sessions.

• You can also provide internal management development through book clubs at work,
challenging work assignments, and coaching from the manager's boss.
Human Resource Development (HRD) Free SEBI Grade A e-book

• Other options include classes, internal work assignments, field trips, and self-study.
Many options for management training can be identified through the performance
management planning process.

• One way to offer developmental sessions is to have a facilitator or presenter meet


with employees in a group once a week for a two-hour training session.

• These sessions can recur for several years, although you will want to limit their
frequency over time.

• The key to successful training sessions is that all the different elements—the time
together, the discussion, the training topics, the new information, the shared
reading—both educate and build the team.

• With a facilitator who is attuned to the language and culture of your organization,
these training sessions provide an effective approach to employee development.

• Additionally, the learning comes in bites small enough that participants are not
overwhelmed with information and have an opportunity to practice what they have
learned.

• They also have the chance to discuss the lessons they applied in the workplace and
what worked for them during the next training session.

Benefits of Human Resource Development

• Applied effectively, human resource development is a most effective way to attract


and retain talent to your organization.

• Ongoing learning is one of the opportunities that employees seek when they consider
an employer.

• Providing the ability and encouragement for employees to continue to develop their
skills will help retain and motivate staff.

• When employees feel they have received proper training and support, they're more
likely to remain loyal to the organization and experience higher job satisfaction.

• Human resource development also provides the means to identify and prepare
employees for advancement, so that your company's leadership is experienced and
well trained.

• Lastly, a highly trained workforce performs better, and when employees excel, the
business performs well. As such, human resource development also ensures the
improved effectiveness of an organization, helping it to achieve its goals.
Human Resource Development (HRD) Free SEBI Grade A e-book

Key Takeaways

• Human resource development is the training and development of a company's


workforce.

• Human resource development may be conducted formally, through training and


education, or informally, through mentorship and coaching.

• Human resource development is important for cultivating an engaged and motivated


workforce and leads to superior business results.

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