Importance of Training and Development to the Organization
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Investment in
training and development has remarkable returns to the organization.
Training and development is important for new
employees. This serves as the platform to get new employees to understand the
job and the work environment. This will also support to identify the skill gaps
and address them. By having such a process, the organizations will benefit
because if employees directly start working without a training it will take
time for them to understand the requirements of the organization which will lead
to issues in the organization context.
All employees have their own weakness so training and
development facilitates to identify those and support the employees to minimize
them. Training and Development facilitates employees to be prepared to take
higher responsibilities which will benefit the organization because a group of
employees have already been trained for the positions so if there is need there
are people to step in so the flow of the organization does not disturb.
It makes sures employees are up to date with the changes
in the industry. If employees are not
updated with the latest trends this could hugely impact the organization negatively
because the current market is highly competitive so organizations should be up
to date to withstand the competition. The training of employees can have a
positive impact on the culture of the organization, as it increases job
satisfaction, engagement and retention.
The 2023 Value of Enablement Report found that 50% of
employees are considering leaving their company due to a lack of training. Additionally,
IBM found that only 21% of new hires intend to stay at an organization that
doesn’t offer training for their current role compared to 62% of new employees
who do have access to ongoing training (The importance of workplace training
and development 2023).
A consistent learning experience and level of
knowledge for all employees is provided by an effective training programme.
Employees who have gone to the correct training require less supervision and
guidance. Training and development improve necessary skills in employees and prepares
them to complete tasks independently. This also gives the freedom for the management
to focus on urgent issues.
References
Importance of
training and development in an organization (no date) The Economic Times.
Available at: https://economictimes.indiatimes.com/small-biz/hr
leadership/people/importance-of-training-and-development-in-an-organization/articleshow/48739569.cms
(Accessed: 08 April 2024).
(No date a) The
importance of training employees: 11 benefits | indeed.com. Available at:
https://www.indeed.com/career-advice/career-development/importance-of-training
(Accessed: 08 April 2024).
The importance of
workplace training and development (2023a) Seismic. Available at:
https://seismic.com/enablement-explainers/the-importance-of-training/
(Accessed: 08 April 2024).
Report: Seismic 2023
value of Enablement Report (2023) Seismic. Available at:
https://seismic.com/resources/reports/seismic-value-of-enablement-report/
(Accessed: 08 April 2024).
(No date) Tekshapers. Available at: https://www.tekshapers.com/blog/Importance-of-Training-and-Development (Accessed: 08 April 2024).
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Yes its a true fact that the lack of training... situations like The 2023 Value of Enablement Report reveals that 50% of employees are considering leaving their company due to lack of training. IBM's study shows that only 21% of new hires stay in organizations without training, compared to 62% with ongoing training. Effective training programs provide consistent learning experiences, reduce supervision, improve skills, and allow management to focus on urgent issues. This is a great Blog
ReplyDeleteThanks for the comment. Employees value training and development in the modern world and they consider it as an important factor in selecting their work place.
DeleteI agree with the points highlighted in the article. Training and development indeed hold significant importance for organizations in various aspects such as employee performance, skill enhancement, and overall organizational success.
ReplyDeleteThanks for the comment. I'm glad you found the article comprehensive and informative.
DeleteAdditionally, a well-trained workforce is more adaptable to changes in technology, industry trends, and market demands and ensuring the organization remains agile and innovative. good article.
ReplyDeleteThanks for the comment. A highly skilled labor force is the foundation of many prosperous companies. They operate as a driving force for constant expansion, client satisfaction, and innovation.
DeleteTraining and development are essential since they boost employee morale, productivity, assist to manage risks, encourage creativity, and enhance the company's reputation, according to managementhelp.org. The organization offers structured training and development programs that enable its employees to acquire new skills or improve their current ones.
ReplyDeleteThanks for the comment. The training and development programs offered by an organization should primarily focus on uplifting both the employees and the employers.
DeleteThis article succinctly emphasizes the pivotal role of training and development in organizational success. It effectively communicates the benefits of investing in employee growth, from facilitating smooth onboarding to identifying skill gaps and enhancing retention. Your insights provide valuable guidance for both employers and employees alike. Thank you for sharing your knowledge.
ReplyDeleteThanks for the comment. I'm glad you found the article comprehensive and informative.
DeleteNice article with full of facts....
ReplyDeleteHaving a competitive advantage in the market is another advantage of investing in staff training and development. Companies may keep ahead of the curve and surpass their rivals by giving their staff members access to the newest information and abilities. This might be particularly crucial in fields where trends and technology are always changing.
They'll be more capable of navigating the digital terrain, attracting new clients, and increasing revenue. Source: LinkendIn.com
Thanks for the comment. Your insights about how organizations can use training and development as a competitive advantage is impressive.
DeleteNice blog. Organizations that prioritize training and development invest in their most valuable asset their people and reap the benefits of a skilled, motivated, and adaptable workforce.
ReplyDeleteThanks for the comment. I'm glad you found the article comprehensive and informative.
DeleteWell done. Training and development are essential components of organizational success, serving to onboard new employees effectively, identify skill gaps, and ensure employees are up-to-date with industry changes. These programs also enhance employee engagement and retention, ultimately contributing to the organization's overall performance and culture. By viewing training as a strategic investment aligned with organizational goals, companies can drive tangible results and foster continuous improvement.
ReplyDeleteThanks for the comment. Your insights about considering training and development as a strategic investment is impressive.
DeleteTraining has a direct impact organization's productivity and performance. As mentioned on this article, training gives employees a better understanding of their responsibilities and the knowledge and skills they need to do that job.
ReplyDeleteThanks for the comment. I'm glad you found the article comprehensive and informative.
DeleteEmployee training and development programs are critical for enhancing employee performance and will be an advantage of getting the competitive advantage and innovation.
ReplyDeleteThanks for the comment. Indeed agreed that training and development programs have numerous benefits for employees.
Delete