Question

Answer the following questions. Each answer should not exceed one typed page.

Q3. It has been argued that training can lead to turnover, but career development can reduce it. Differentiate between training and career development. Why might training lead to turnover while career development might improve retention? Explain.

Q4. According to a 2010 study by economists Angus Deaton and Nobel Prize–winning psychologist Daniel Kahnerman, “high income doesn’t bring you happiness…[T]he further a person’s household income falls below $75,000, the unhappier he or she is. But no matter how much more than $75,000 people make, it doesn’t bring them any more joy.” Do you agree or disagree with this conclusion? Explain your views.

Answer 1

Q3:

Differentiate between training and career development. Why might training lead to turnover while career development might improve retention:

• Training is viewed as a significant angle that an association intends to direct so as to build up the workforce and empower them with respect to certain aptitude and characteristics.
• I accept that associations need to design training according to the authoritative needs and prerequisite with the goal that the representatives are adjusted to separate career development alternatives in light of the fact that a training is of no utilization on the off chance that it can't be applied.
• The training ought to likewise should be as indicated by the interests of the workforce and people or, more than likely it might prompt turnover of representatives.
• For instance if a representative is utilized or recruited to take care of the creation in a steel plant however the training given to him is for programming development then it might happen that he may feel out of the place and quit.
• training is granted for better errands at work yet vocation advancement is the way toward learning so as to improve the expert profession of the representative and career development is clear to hold workers in light of the fact that for this situation the representative will feel that they are getting created in the range of abilities wherein they are found out and trained.

Q4:

“high income doesn’t bring you happiness…[T]he further a person’s household income falls below $75,000, the unhappier he or she is. But no matter how much more than $75,000 people make, it doesn’t bring them any more joy.” Do you agree or disagree with this conclusion:

• Both money and bliss are connected, however money, bringing satisfaction is ungauranteed Money, gets us away from wearying about an absence of it, yet money can't purchase joy.
• By and large, individuals who win money, above $75,000 they get a conviction that there life is working, yet however, probably won't get satisfaction because of their everyday mind-set or the unsatisfied way picked to gain money.
• Money is a way to bring life which is better, yet it isn't the genuine satisfaction.
• for instance, if an individual is well off enough to be in a mansion,he or she will appreciate it with their money for the first month,but that rush won't keep going for the second or third month
• On the other, if the pay fall beneath $75000 it doesn't bring pity. It causes them to feel ground down to different issues.
• So having more money or less money, doesn't affect satisfaction, as one being rich attempts to duplicate it, and different attempts to arrive at the edge
• In this manner, enthusiastic prosperity of the individuals makes them more joyful.