Advantages
of Training and Development
Training and development
has a cost attached to it. However since it is beneficial for companies in the
long run they ensure employees are trained regularly. Some advantages are
1. Helps employees develop
new skills and increases their knowledge.
2. Improves efficiency and
productivity of the individuals as well as the teams.
3. Proper training and
development can remove bottle-necks in operations.
4. New & improved job
positions can be created to make the organization leaner.
5. Keeps employees
motivated and refreshes their goals, ambitions and contribution levels.
Disadvantages
of Training and Development
Even though there are
several advantages and some drawbacks of training and development are mentioned
below
1. It is an expensive
process which includes arranging the correct trainers and engaging employees
for non-revenue activities.
2. There is a risk that
after the training and development session the employee can quit the job.
Following are few benefits
of the employee Training
1. Decreased Accidents- If
the employee is trained there are less chances of any errors or accidents on
the job.
2. Better Productivity-
Training of the employees enhances their productivity as well as their
efficiency.
3. Improved employee
morale- Training increases the job security as well as the job satisfaction of
the employee, which eventually results in lesser absenteeism and job turnover.
4. Declined Supervision- A
trained employee is well aware of duties and responsibilities and will need
less of supervision, which will result in less wastage of efforts and time.
5. Probability of
Promotion- Training equips employees with better skills and knowledge which
makes them more eligible for promotions.
I believe there are only benefits in Training and Development and compare to the negative. Companies who have done proper T&D has got more benefits even though its an expensive process.
ReplyDeleteProper T&D will help employees to stay in the company and T&D is never seen as a cost of the company. Its mandatory. We say people are assets and spending on Assets are never a cost. Its an investment.
ReplyDelete