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Training is a very important tool in all the departments of the business e. g. finance, production, marketing etc. The return on investment in training is huge in terms of higher productivity, enhancing skills of the employees, increasing the motivation levels etc.
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Importance of Training
Adequately planned and well-executed training program can lead to the following advantages:
Training leads to higher productivity and better quality of work
Formal training leads to the enhancement of skills of the employees that enables them to perform their job more efficiently. As standard methods are taught to the employees it improves the quality of product and services.
Reduction in wastage and cost
Workers learn how to make the optimum use of resources. Training leads to the economic use of material and machinery and helps minimize the cost of operations per unit.
Increases morale and loyalty
Training helps boost the morale of the employees by developing a positive attitude, job satisfaction and enhanced learning. It makes them loyal to the organization as they develop a sense of commitment.
Reduced supervision and low accident rates
Training develops well-motivated employees who are self-reliant, they do not need constant guidance and supervision. Employees can also avoid mistakes and accidents on the job as they can handle a job with confidence and adopt the right work methods
Need for Training
Training is required for organizational growth. It is beneficial to both the employer and the employee; it makes the employee more efficient which leads to better results and growth of the organization.
- Learning for New Recruits: Once the employees are selected and placed in a position they need to be trained for a specific job. It helps in making them perform their job effectively. On job training help them handle their job competently.
- Promotions: In order to prepare the existing employees for higher roles they need to be trained in the areas of their added responsibilities so that they can do justice to the position.
- Transfers: Training on different jobs makes the employees mobile and versatile and make them capable to be moved from one job to another.
- Bridging the Gap: There can at times be some gaps between the knowledge and skills an employee possesses and the requirements of the job. Training helps in bridging this gap and making the employees more productive.
- R. P. Lynton, U. Prateek, “Training for Development”, Sage Publications 2002.
- Goldstein, “Training in Organizations”, Burr Ridge: McGraw Hill, Irwin, 1999
- Fitzgerald, W. (1992). Training versus development. Training and Development, 46(5), 81-84.
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