Innovation in the Field of HRM (Training and Development)

INNOVATION is a core value in the field of HRM. In the globalisation era, to compete and sustain in a long run, a business establishment must be innovative and foster the culture of innovation by tapping the competency of human resources. Many researchers have suggested that creativity makes an important contribution to organizational effectiveness for the long-term survival of organizations, because it enables organizations to remain competitive in a rapidly changing environment and achieve a competitive advantage. Thus, encouraging and fostering creativity is a strategic choice of every successful organization. Training and development is an essential growth factor that can stimulate the growth of HRM.Several studies show that companies that master innovation have invested considerably in training and development programs. In these initiatives, employees can develop their creativity and their problem-solving skills, becoming better at adapting to change and improving their flexibility. Learning and development are considered an important perk by the young workers. The young generation of the workforce requires new kinds of personal and professional training from their employers and isn‘t hesitant to leave the employers they are dissatisfied with. Encourage each individual to develop their unique talent and assert it in a stimulating working environment.