4 Jul 2022

48

Human Development in Business

Format: APA

Academic level: College

Paper type: Essay (Any Type)

Words: 1215

Pages: 3

Downloads: 0

The prominence of a business is measured by how far the people and management continue to develop. Without the aspects of human development support, it is definite that a business might fail despite of the quality of the product in question and the market share. Therefore, whether a company uses robots to replace human resources, the need to advance its human factor is essential. As such, the success of a company can best be attributed to social development. Hence, there is a constant need to replace social factors as per the challenges and shifts in the market. Therefore, failure to understand the pillars of social development and how to manage them is ultimately fatal. This has stretched to the extent that most businesses are currently eliminating the idea of 'human resource' and replacing it with a more robust view of 'human development.' Human development has, therefore benefited the business through constant training to staff. 

Human development in the business setting can be seen in various situations. Career development for example entails all the measures and activities geared towards growth and improvement a person’s career. It can also include tuition assistance where an organization decides to pay for the tuition fees of the employee. Some organizations also have mentorship programs. In this case, a person who is experienced in certain skills and knowledge offers assistance to the employee. The same is seen in coaching where a coach imparts professional or personal skills to the employees. In addition, succession planning is also one aspect of human development. The process entails the identification and development of new leaders to take over from the older ones after their exit (Market Business News, 2020)

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay

Human development has contributed to aspects of employee satisfaction and morale. When a company invests significantly in training its staff, creates a sense of belonging among the employees. Employees are tender humans who need an arm around them than a sword, and the best way to get this through them is by ensuring that they are part of the company objectives fundamentally. By this technique, they get directly involved in the daily activities of the company (Adam and Pietrzak 23-34). Such activities form a base that is described as supportive of the workers. For instance, in my personal experience, I witnessed colleagues perform tremendously well as a result of the training we received. Something that we could not have achieved had it not been the company stepping in a sponsoring such a program. We felt understood and valued hence more challenged through such opportunities. 

Job satisfaction is usually the ultimate goal of any employee in an organization. Therefore, any organization that takes care of its employees’ professional growth is more likely to have a satisfied workforce. As a result, this leads to increased productivity and a low turnover rate. According to a 2014 survey conducted by the Society for Human Resource Management, 42% of the respondents affirmed that an organization’s commitment to their professional growth was critical to their level of job satisfaction. An organization that conducts internal trainings gives encouragement to the workers. In this case, the workers perceive such an employer as a caring one. Moreover, an employee who is confident that he is likely to have professional growth in an organization is less likely to look for another job opportunity. The reduction in employee turnover creates continuity in a business and saves the costs of training new workers (Jeanetta, 2019)

Human development contributed significantly to addressing weaknesses in a person. For instance, an employee may have a deficiency in his/her workplace that she might not be aware of. However, a training program can contribute to enabling the employee to realize this weakness. Such a program brings all staff members to the same level where they can acquire similar skill in performing their duties ( Cécile, and Cécile 14-16) . I recall back at our company after the annual training, and I was able to identify my weak links hence learnt to rely on others to perform my duties ( Cécile, and Cécile 12-19) . Therefore, adequate training provides employees with a piece of general knowledge, thus necessitating that one can take over another's work and still maintain the same results. Most employees require such services to improve their quality. By doing so, the employees get a chance to commit themselves to the company because they develop a sentimental attachment to the company. 

Human development in an organization has a direct correlation to client satisfaction. Employees who are certain of opportunities while working in an organization are more likely to be satisfied. These employees are the face of the organization. Therefore, when clients interact with a satisfied workforce, they are likely to have a pleasant experience. This in turn increases customers’ satisfaction. A satisfied client is likely to come back and give referrals of a positive experience in the organization. This improves an organization’s profitability (Jeanetta, 2019) . I recently went to a restaurant for dinner. It is a relatively busy restaurant and so I was very certain that the food would be fresh to avoid incidences of food poisoning. While there, I made an interesting observation. All the waiters were sited at a certain point. They were like four of them serving a population of over 30 clients. They all looked gloomy. It took about 10 minutes before any of the waiter would come to serve me. I could notice that the same situation was replicated with the other clients. Some of the clients did not have the patient to wait longer. They just decided to leave the restaurant and looked for another place. This simple experience enlightened me on how a business can go down as a result of a demotivated workforce. Like other clients, I made a resolve not to visit the restaurant again. The experience with the waiters was not pleasant. Moreover, I cannot recommend the restaurant to any of my friend. A large scale perception of clients in such a case can lead to reduced client flow and subsequent closure of a business. The owner of the business in this case needs to find ways of empowering the workers. 

Communication is important in the running of any business organization. An organization that is concerned with personal and professional growth of its employees tend to have a good communication channel. This is both in terms of horizontal and vertical communication. Employees in this case are nor fearful of their seniors as they know the seniors have their best interest at heart. In addition, an organization serious with human development is able to identify staff with deficiencies in communication skills and therefore take measures to train them on the same. This has the ultimate advantage of promoting a positive organizational culture. Some organizations where human development is not a priority tend to have employees who are stuck to themselves and would not offer their perspectives on issues. This way, the business loses significantly because it is not able to act based on the correct information on the ground (Jeanetta, 2019)

In conclusion, it is evident that the concept of human development has been limited to economics and business. However, I recommend the need to factor in thoughts in philosophical development as freedom and human capabilities into workplaces. Employees need to feel a part of the organizations they work in because it is truly the only way they can succeed in business. Additionally, it would imperatively add value for an organization to come through and truly understand their place in the business world. For such a case, it is more about ensuring businesses continue to thrive like they should be and equally maintaining high standards and value in terms of business relations as a whole. The most sensible deed is for the business to continue empowering the employee to match the best standards. 

References  

Balcerzak, Adam P., and Michał Bernard Pietrzak. "Human development and quality of institutions in highly developed countries."  Financial Environment and Business Development . Springer, Cham, 2017. 231-241. 

Jeanetta, T. (2019, December 9). 8 Benefits of Investing in Your Human Capital Development . Retrieved from theolsnongroup: https://theolsongroup.com/5-benefits-investing-human-capital/ 

Market Business News. (2020). Human resource development (HRD) – definition and meaning . Retrieved from Market Business News: https://marketbusinessnews.com/financial-glossary/human-resource-development/ 

Renouard, Cécile, and Cécile Ezvan. "Corporate social responsibility towards human development: A capabilities framework."  Business Ethics: A European Review  27.2 (2018): 144-155. 

Illustration
Cite this page

Select style:

Reference

StudyBounty. (2023, September 15). Human Development in Business.
https://studybounty.com/human-development-in-business-essay

illustration

Related essays

We post free essay examples for college on a regular basis. Stay in the know!

19 Sep 2023
Psychology

How to Do a SWOT Analysis for Your Business

Running head: SWOT ANALYSIS 1 SWOT Analysis Strengths Strong communication skills Strong creativity and analytical skills I am able to think critically I have emotional intelligence, which helps me to relate...

Words: 284

Pages: 1

Views: 74

19 Sep 2023
Psychology

Letter of Consent for Research Study

Running head: LETTER OF CONSENT 1 Letter of Consent for Research Study Dear (Participant’s Name): You are invited to participate in a research study on the Routine Activity theory and the hypothesis that the lack...

Words: 283

Pages: 1

Views: 359

17 Sep 2023
Psychology

Mental Representations and the Mind-Brain Relationship

Often, contemporary controversies underlie the interpretation of the mental representations and the mind-brain relationships through concepts such as monolism, dualism and exclusivity. In my view, the dualism concept...

Words: 1796

Pages: 7

Views: 168

17 Sep 2023
Psychology

Building a Healthy Marriage

Although sometimes marriage can be problematic, it can also be one of the most rewarding experiences for couples. For instance, couples in a satisfying marriage enjoy happiness, a long and enjoyable life, personal...

Words: 1266

Pages: 5

Views: 344

17 Sep 2023
Psychology

Devastating Impacts of Domestic Violence

The issue of domestic violence is a growing concern in the present society. Women serve as the key victims of domestic violence, although men and children also feel the devastating effects as well. When couples are...

Words: 2437

Pages: 9

Views: 77

17 Sep 2023
Psychology

How Emotions Affect Marketing and Sales

The most appealing advertisements use the audience’s emotions as their leverage. They instill fear and the psychology of pain, moderately, to their subjects and use that to their advantage. To remain ethical, most of...

Words: 1113

Pages: 4

Views: 96

illustration

Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.

Illustration