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Provide a 3 pages analysis while answering the following question: Article on improving training and retention in small to medium sized businesses. Prepare this assignment according to the guidelines
Provide a 3 pages analysis while answering the following question: Article on improving training and retention in small to medium sized businesses. Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required. Concerns of improving training and retention in these businesses are increasingly becoming centres of attraction for successful businesses. This essay explores the issue of employee training and retention in small and medium businesses. Comparative advantage in performance and labour productivity is being realized in small to medium sized businesses through strategic development of their human resources. Effective training and retention forms the key component of such an achievement (Analoui &. Karim 2003). The ultimate goal of training in any organization is to improve the skills and knowledge of its employees and also gain a competitive advantage in a particular business sector. Training needs be tailored to address the business strategic objectives and meet its calculated needs. It also facilitates creation of a unique workforce. Small and medium sized businesses have to embrace the following practices in order to improve training and retention, putting more emphasis in valuing of work place learning and training. Like larger organizations, small and medium sized businesses need to continuously and regularly improve their capacity to gather information, managerial skills and their commitment to investing in employee’s knowledge and skills.