Training and Development
Training and development refers to educational activities within a company created to enhance the knowledge and skills of employees while providing information and instruction on how to better perform specific tasks. Training is a short-term reactive process meant for operatives and process while development is designed continuous pro-active process meant for executives. In training employees’ aim is to develop additional skills and in development, it is to develop a total personality. In training, the initiative is taken by the management with the objective of meeting the present need of an employee. In development, initiative is taken by the individual with the objective to meet the future need of an employee.
- Employee training and development increases job satisfaction and morale among employees.
- Reduces employee turnover.
- Increases employee motivation.
- Increases efficiencies in processes, resulting in financial gain.
- Increases capacity to adopt new technologies and methods.
- Increases innovation in strategies and products.
- Training opportunities increase employee retention.
- Training is cheaper than replacing.
- Regular training is a must for remaining current with industry trends
- And technologies.
- When it comes to filling an open position, training a current employee in
- a new skill and moving said person between roles or departments is a
- Potential cost savings rather than hiring a new one.