Training & development of Fuchs Lubricants

Abstract

In this competitive arena of business organizations are trying their level best to wrap up the best feedback from the market place. Fuchs Lubricants is a growing company which has not expands its business unit yet. They basically are focused on the great demanding sector – the lubricating oil sector of Bangladesh. As the population and urbanization grows rapidly the demand of production rises as well. Meanwhile, the existing companies are not capable to fulfill the increasing demand. To enter into the market in a strong way, skilled human resources are very much vital. As we all know that human resource is like the life and blood of every company, because skillful talents are the sources of getting competitive advantages. They need continuous upgrade of their skills, knowledge and attitudes as per the nature of the products and services. Training them to bring them on par with the organization's goals and in tune with the business trends is necessary, which will also ensure optimal performance from the employees. Fuchs Lubricants defines different reasons or goals to conduct training among employees. Their first target is to ensure job satisfaction, motivation and morale among employees. Then to increase the efficiencies and the capacity of adopting new technologies and methods among the employees, which will also result in financial gain. Fuchs Lubricants also brings innovative culture in strategies and products through the trainings. Ultimately that will reduce employee turnover and enhanced company image. Introducing training for employees is beneficial to get new skills and knowledge as well as develop the level of expertise. But they should find out a better combination between training and development. Because in Fuchs Lubricants the employee’s career development issues still get ignored, where the main concentration is given only in the training part. So, the part of development should get more precedence and concentration than the present time.