Human
Resource has been found to be the most crucial factor affecting smooth and
successful running of any organization. Businesses the world over have realized
the importance of recruiting and retaining the best possible talents,
regardless of the type of industry and nature of work involved.
Although
employers understand the need for a reliable and skilled workforce, they often
forget the vital role played by training and development of employees. When it
comes to the question of a trade off between cutting costs and skill
development, employers lean more toward the former.
Significance of Training
With
overall changes occurring on a regular basis in all processes and technologies,
and considering the future of any organization, it becomes inevitable to invest
in need-based training in any business—as this is one way of improving values
and ethics among employees. A few of the predominant factors that entail proper
Training process are listed below:
- Performance & Productivity Improvement: Even if a team is equipped with skilled employees, the ability to adapt and acquire new skills and knowledge is vital for employees to conduct their activities more effectively—thus increasing productivity and retention rate
- Face Competition: Equipping employees with up-to-date procedures, tools, and
technologies ensures that the organization stays competitive with peers
while enhancing its values among employees
- Enhanced Morality: A positive frame of mind is developed along with effective
training and enthusiastic participation of staff members—Encouragement
earned with training boosts the morale of employees considerably,
eradicating negativities
- Empowerment and
Motivation: Today’s freshers are potential managers
for tomorrow—employers who respond to needs of organizational members make
it a point to drive and motivate them, aiding in their development as
future executives and leaders
Benefits of Training &
Development
Apart
from increasing the general organizational climate and goodwill, training has
been found to be a proven process to attain certain high values and to lift the
reputation of the organization.
A few have been listed below:
- Increase in Job Satisfaction
- Adaptability to new processes and technologies
- Motivation and harmony among employees
- Reduction in Employee turnover
- Efficient functioning and better financial
position
- Innovative and exclusive practices
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