Investigating the Use of Employee Training and Development to Increase Organizational Resilience against Economic Crisis in the UK Sector
Investigating on the employee training and development as a relevant measure in increasing the organization resilience against economic crisis is a detailed study that encompasses looking at different aspects of the economy using a variety of sources. Successfully responding to the research objectives requires well-developed research design. The research employs four main methods that include inductive research, secondary method, qualitative and quantitative method. Besides data collection, ethical practices are expected to be observed all through the process. The research expects to analyze data collected using two major methods that include content analysis and regression analysis. The method is preferred because they are effective and relevant to the information being analyzed in the study. Finally, the main software to be used for analyzing data is Excel 2010 and SPSS 2010 versions as they are all accessible, available and relevant for facilitating the research.
Keywords: data, analysis, training, quantitative, qualitative
- Research Questions
The study looks at several research questions that target meeting particular responses that would be important in facilitating an understanding of the problem of research (Collins, 2010). The questions are discussed in the following subsections in detail.
- What Are The Levels Of The Economic Crisis In The UK?
This question seeks to understand the levels of economic crisis that the UK faces. There are different levels expected such as low, medium or extreme. These levels would be described both qualitatively and quantitatively. The levels will be measured across all sections of the economy running from private and public sections, small, medium and large firms as an overall basis of economic framework in an attempt to meet desired objectives of the question which is understanding the overall economic crisis of the UK economy (Smith, 2008).
- How Financial Crisis Affect The Private Sector Of The UK?
The objectives of the question are identifying the effects that financial crisis affects the private sector of the UK economy. The question is based on understanding that financial crisis is common components of the economic crisis that can either positively or negatively affect the private section. The questions seek to identify how the private sector is affected specifically during the financial crisis.
- Do Training And Development Improve Employees’ Resilience?
The question intends to understand if in a real sense training has any influence on employees’ ability to appropriately become resilient during the economic crisis. This is based on understanding that resiliently is important among employees as it helps them become dynamic and hence adaptive.
- Do Training And Development Help The UK Private Sector Businesses To Overcome And Avoid Being Affected By The Economic Crisis?
Besides employees, the question helps the study understand if training and development have influence in the way private firms respond to the economic crisis. The objective is determining whether private firms can avoid being affected, particularly negatively, in the circumstance that an economic crisis occurred.
- Research Method
The study utilizes various methods of research to achieve its objective. These are described in the following part of this section.
- Inductive research method
The study will employ inductive research method in an attempt to ascertain the desired objectives. Particularly, the method would be used to respond to questions that require observations before proposing an existing theory based on the attained observations (Collins, 2010). The first question would be the most appropriate for using this method as it needs making a cross-sectional review of the industry to understand the condition of the UK economy.
- Secondary method
The study will rely on secondary materials and data to help attain the objectives of the study. Major sources of information for the study will be data from the UK bureau of statistics which contains data about the economic conditions, both current and previous particularly about the financial crisis and other relevant economic crisis (Mooi & Sarstedt, 2011). Furthermore, secondary information from a previous observation about the effect of the economic crisis on private sector from other parts of the world would be made and critically compared with the situation of the UK (Patton, 2014). This details will be obtained from the Internet sources especially those performed World Bank, World Economic Forum and other economic authors. Written cases from other economies that have experienced financial crisis such as Argentine, Malaysia, United States and Greece will be reviewed to help researcher form a strong opinion about the study objective.
A secondary method of research is specifically preferred to ensure that the knowledge on the topic is easily obtained at low costs (Goddard & Melville, 2001). It will also help in facilitating clarification of research questions and align the focus of the research as well as identify response to the research questions besides eliminating irrelevant issues in the topic under discussion (Patton, 2014).
- Qualitative method
The qualitative method would be utilized in helping respond to the first and second research question. The reason is that, understanding the economic crisis of the UK will need a review of previous materials not only about the UK but also about other economic crisis that has been observed in other parts of the world (Patton, 2014).
- Quantitative method
Quantitative method will be an ideal tool in helping understand the effect of training and development on employee resilience during economic crisis (Long & Johnson, 2007). The method involves the collection of secondary data which will then be analyzed with respect to the objective of the study. It will entail a construction of a model of statistical analysis such as descriptive and regression to help assess how employees would respond to crisis after training and development and the way training and development are associated with the ability of the UK firms to overcome the effect of economic crisis (Patton, 2014).
- Advantages, disadvantages, and limitations
- Inductive method
The method is used in this research because of various advantages. The first one is that it enhances the researcher to draw relevant conclusions based on previous studies and particular observation of analyzed materials (Monette, Sullivan & DeJong, 2011). However, the disadvantages are that it does not guarantee the conclusions of the study as they may differ at the end. Further, assumptions are made which consider everything to be uniform across borders. Besides, the method is limited with regard to the fact that it is confusing as it would involve performing analysis on a large quantity of data to reach desired conclusions (Monette, Sullivan & DeJong, 2011).
- Secondary method
The advantage of the method is that the information about the topic is readily available and can be obtained quickly at a low cost (Vartanian, 2011). Further, it would help guide the research to focus on the primary objective of the study. The disadvantage is that it may be difficult finding relevant information about the research under investigation (Vartanian, 2011). Additionally, the method has several limitations that include lack of specificity in the information being studied and some secondary sources may not be to the appropriate standards of quality expected.
- Qualitative method
The method is advantageous because it enhances a detailed examination of the phenomena and it is no restricted to variables that are rigidly defined (Patton, 2014). Additionally, the method can facilitate exploration of other specific areas of research that enhances attaining a comprehensive response to the research question (Patton, 2014). The disadvantage of the method is that there is the possibility of building research bias and highly demanding. It is also limited in the fact that the quality of research will dependent on the skills of a researcher and may easily be biased (Patton, 2014).
- Quantitative method
The advantages of the method are that it can provide large and detailed data that is used to help explain the objectives of the study (Patton, 2014). However, its major disadvantages are that it is difficult to generalize the findings to the population of study. Further, it is limited in such a way that it may be difficult analyzing large quantities of data (Patton, 2014).
The section examines the procedures that will be utilized in executing the research process. The procedures are discussed in the subsequent subsections.
As mentioned earlier, the study entirely relies on secondary data. The materials that would be sampled include the following:
- Official statistics
These statistics will be obtained from those performed by the government and related agencies, departments, and bureaus. It is expected that the sources will be useful as they are easily accessible and comprehensive (Monette, Sullivan & DeJong, 2011). However, common challenges may include unreliability, the possibility of inaccuracies and inconsistencies. To ensure that they are reliable for research, the researcher will ensure to select appropriate sources.
- Technical reports
Technical reports will mainly include the accounts similar or related research works that have been done in the field (Mooi & Sarstedt, 2011). They would be randomly sampled from the library and online sources that are about economic crisis both in the UK and other economies in the world.
- Scholarly journals
These sources contain general reports of experimental or original research conducted by experts in a given area of research (Mooi & Sarstedt, 2011). In the case of this study, only journal reports that are specifically in the field of human resources, economics, and finance will be used. A review of past materials will be made to help research questions in order to meet desired objectives.
- Reference books
The aim of these sources will be providing a topic summary and specific facts about a particular topic. The research will utilize reference books that range from manuals and handbooks, among others that would be collected through the Internet and local library (Mooi & Sarstedt, 2011).
Before secondary data is collected, necessary steps would be undertaken which includes identifying the institutions that have previously performed the research with respect to the topic of study (Mooi & Sarstedt, 2011). Besides, secondary data have been particularly used for the study because it involves extensive survey that affects almost the whole sector or industry as well as the economic system of the private sector, labor, and finance of the UK. Such survey is difficult conducting using primary data as an independent researcher (Smith, 2008).
Secondary sources are preferred over the primary sources in this research for various advantages. The immediate one is that it will save time used in performing the research. In fact, in the presence of new technologies where the research can find most of the materials online, using this method is the most appropriate in obtaining large amounts of information from different source compared to the primary method (Smith, 2008). The other advantage is that information is easily accessible unlike the primary source where the researcher will be required to make visits in the areas where information is required to be obtained. Furthermore, the method enhances feasibility of both international and longitudinal comparison. This is based on the fact that sources especially from the government official statistics provides a good source of statistical information that can facilitate building of the study (Smith, 2008). Lastly, the method would help research generate new insights with reference to the past studies. This involves reanalyzing the past research to help rediscover unrevealed behaviors in the primary data (Smith, 2008).
However, the method has some limitations that may affect overall results of the study. These include the lack of overall control of the data collected (Smith, 2008). The reason is that although government and related agencies, as well as institutions, promise high quality of its information, it may not be the case sometimes. Further, the data is likely to be inappropriate as one is not sure how it was collected because may be it favored a given research question (Long & Johnson, 2007). Therefore, although it is possible to obtain large information using this method, it is imperative to confirm the validity of the sources before including it in the research.
- Data Collection Materials and Practice
Secondary data will be collected on both internal and external materials for private firms and government reports/journals. The internal source materials will include company information, reports and management details especially with regard to details about employee performance that are mostly produced by the human resource management (Long & Johnson, 2007). External sources will include official government reports, libraries, online economic journals, and the Internet, among others. However, the sources will be clarified to ensure that they are valid.
Ethics in the research will be emphasized to ensure that the rights of the information sources or participants are protected (Sheehy, 2005). Before collecting data, it will the important to assure the respective individual or institution of confidentiality. Any information given will be entirely for the purpose of this study and no other practices. provider, an informed consent will have to the from the relevant organization or individual giving the information. At the same time, anonymity shall be upheld before, during and after the research (Long & Johnson, 2007). No participant will, especially from the government official statistics, to any unauthorized body about the information acquired. Information collected online will be professionally by strongly acknowledging the sources and recognizing the authors by providing in-text citation and references on details obtained directly from such sources (Sheehy, 2005).
- Data Analysis
Once data have been collected, the researcher will employ various methods of analysis. These are described in the following subsections.
- Content analysis
The method would be employed to analyze replicable data and develop inferences especially on information obtained from texts and reports. The method will be facilitated through systematic evaluation of text materials including graphics and documents to examine and interpret both quantitative and qualitative information. Particularly, the method will be vital when analyzing both qualitative and quantitative data.
- Regression Analysis
Regression is a statistical method that entails estimating the possibility of relationships existing between variables (Chatterjee & Hadi, 2012). During analysis, a model will be developed especially when responding to the third and fourth question of research that entails determining whether training and development of employees enhances their ability to become economic crisis resilient as well as the ability of the private firms to become capable of overcoming effect of economic crisis after having their employees go through training and development (Chatterjee & Hadi, 2012). The method will specifically examine quantitative data.
Both content and regression methods of analysis are preferred for this study as it entails both qualitative and quantitative data (Long & Johnson, 2007). It should be understood that most of the information utilized in the study will be retrieved from secondary sources that may be hard studying the issues of interest and, therefore, content analysis will be the most relevant method for facilitating the analysis process. Regression analysis is utilized for particularly facilitating the analysis of quantitative part of data that is collected from the secondary sources (Chatterjee & Hadi, 2012). Combined with content analysis, it will be easy to appropriately develop reports that respond to the research objectives.
To effective facilitate regression analysis, Excel and SPSS software would be used. Quantitative data will be collected by the help of excel where tables will be developed and arranged properly. The information can then be imported into the SPSS software, 2010 version for analysis. SPSS 2010 and Excel 2010 version of the software are preferred as they are readily available and accessible by the researcher. The researcher also has excellent knowledge on using the two software.
Chatterjee, S. & Hadi, A. (2012). Regression Analysis by Example. Hoboken: Wiley.
Collins, H. (2010). Creative research: the theory and practice of research for the creative industries.
Goddard, W. & Melville, S. (2001). Research methodology: an introduction. Lansdowne: Juta.
Krippendorff, K. (2013). Content analysis: an introduction to its methodology. Los Angeles London: SAGE.
Mooi, E. & Sarstedt, M. (2011). A concise guide to market research: the process, data, and methods using IBM SPSS statistics. Berlin New York: Springer.
Long, T. & Johnson, M. (2007). Research ethics in the real world: issues and solutions for health and social care. Edinburgh New York: Churchill Livingstone/Elsevier.
Monette, D., Sullivan, T. & DeJong, C. (2011). Applied social research: a tool for the human services. Australia Belmont, CA: Brookscole.
Patton, M. (2014). Qualitative research & evaluation methods: integrating theory and practice. Thousand Oaks: SAGE Publications, Inc.
Smith, E. (2008). Using secondary data in educational and social research. Maidenhead New York, NY: McGraw-Hill/Open University Press.
Sheehy, K. (2005). Ethics and research in inclusive education: values into practice. London New York: RoutledgeFalmer Open University Press.
Vartanian, T. (2011). Secondary data analysis. New York: Oxford University Press.
Appendix: Abstract From Assignment 1
The human resource management regards training and development as one of its organizational function that is concerned with enhancing the employees regarding skills and expertise, hence empowering the employees to perform their duties diligently. Training and development are two different aspects and when they are done together; they make an employee more resilient against the economic crisis that might affect the business and the worker as an individual is in the sense that training helps employees to learn specific skills that would assist them to perform their current roles better. On the other hand, the development which is more expounded focuses on employees’ growth as well as future performance instead of the direct job role. Typically, training and development help the employees to be in a position to perform exemplary presently and also to have the ability to pursue their growth as well as maintain high performance even in the future years.
Economic crisis is situations that businesses cannot avoid, and it is for this reason that many businesses are focused on achieving success establish a strategy that can be used to handle an economic crisis when they occur. One of the most common strategies that many businesses use is training and development. This plan entails the empowerment of employees with the necessary skills and attitude that would help them detect an economic crisis and address the problem professionally. With training and development, the employees can handle any economic crisis in a manner that it solves the problem permanently without adversely affecting the company or the employees. Even in the case where the crisis had already affected the business and the employees, training, and development empower the employees with the ability to address the impact hence saving the employees and the business from the other main adverse effects that come along with economic crisis.