Final answer:
The two important management problems businesses face today include managing the complexities of recruitment and training, as well as performance management and rewards, all crucial for attracting and retaining a capable and motivated workforce.
Step-by-step explanation:
Two of the most important management problems businesses face today are recruitment and training and performance management and rewards. In today's rapidly changing business environment, companies must attract and retain a skilled workforce. This involves not only identifying the right talent but also providing them with adequate training for personal growth and advancement. Furthermore, managing employee performance effectively and offering fair compensation and rewards are critical for maintaining job satisfaction and motivation.
Businesses are also challenged by workplace culture issues, such as maintaining professional relations, providing sufficient support and feedback, and ensuring work-life balance. These elements are crucial to reduce workplace stress and promote a healthy and productive work environment. Recruiting and retaining younger generations like millennials and Generation X require understanding their values, such as meaningful work, frequent rewards, and a strong feedback culture.