Managing, Evaluating and Developing Human Resources Essay

Managing, Evaluating and Developing Human Resources - Essay Example It has ensured that employees, no matter their level of experience, gain the necessary skills and get better opportunities for training. For improved employee performance, all employees should be computer literate and proper courses should be designed to enable them encounter technology as it evolves. Training and development is a strategy aimed at developing and improving the skills of an employee. According to Pride, Hughes and Kapoor, â€Å"employee training is the process of teaching operations and technical employees how to do their present jobs more effectively and efficiently† (2011, p. 264). Companies which want to stand still in competition opt to provide constant training to their employees on any technical occurrence. Employee training has been eased with the introduction of internet based training, because it saves cost and time. Williams says that â€Å"during the late 1990s, the learning support organisation at Telcordia technologies... began to actively pursue online delivery of performance support materials for the software applications that they supported† (2004, p. 8). This shows that technological training has been a long time training strategy, but has been growing steadily and also evolving with the changes in technology. When analysing what to offer in training, employers have to consider what is needed for the training. What appears to be most essential in training is motivation. Training also varies depending on what the management considers most crucial. Some employees have to be trained on technological skills, but since training may be expensive, its advisable that the company classify what is most essential. Training is important for employees so that they can be equipped with skills, attitude and knowledge required to do their job well. They are taught on how to interact with the customers and managers use this opportunity to motivate them. Technology came due to

Case Studies (Laura Martin) Research Paper Example | Topics and Well Written Essays - 1000 words

Case Studies (Laura Martin) - Research Paper Example In the DCF analysis, the Net Present value has been calculated as the present value of the future net free cash inflows or the revenue of the business, minus the expenses, or the present value of the costs incurred (Mauboussin, 5). In most cases, these two are discounted using the company’s WACC (Stearns, 29). This assumption though made by Laura Martin is a flawed assumption. Mainly, free cash flows depend on the demand in the market, prices in the market, and other external factors in the market, with the market compensating firms; because of taking marketing risks (Chan et al, 3). In most cases, costs should be discounted at a rate higher than the risk free rate (Stearns, 3). This means that discounting the cash flows and the costs at similar rates will significantly reduce the costs; such actions would lead to overhaul of the firm (Chen et al, 3). Martin in these calculations used the beta approach, which measures the co-movements of firms’s equity prices of 1.07 in forecasting 10 years of cash flows in the market and which is affected by so many market variables (Mauboussin, 16). However, equity prices are unstable and change each time depending market business conditions. The multiple analyses assumed that the firm would realize the stated future sales revenue at the end of the forecast period (Chen et al, 3). Firms that have comparable acquisitions, particular in the same industry are used as a base in finding an appropriate range of multiples to use (Stearns, 24). Though multiples are very plausible, they have a problem in that there is no possibility of having a company that is comparable to Cox as firms do use various valuation approaches.. The ‘stealth- Tier’ can be incorporated into the DCF and the multiples analysis. The unused cable capacity of Cox communications can be included into the discounted cash flow analysis, through