Training and Development
Training and development refers to the attempt to improve current or future employee performance by increasing, through learning, an employee’s ability to perform, usually by increasing his or her knowledge, skills, and/or attitudes. The major purpose of training and development is to remove performance deficiencies, whether current or anticipated, that are the result of the employee’s inability to perform at the desired level. Training for performance improvements is particularly important to organizations with stagnant or declining rates of productivity. Training also is important to organizations that are rapidly incorporating new technologies and consequently increasing the likelihood or employee obsolescence. Another purpose is to make the current workforce more flexible and adaptable, thus increasing the organization’s potential for survival and profitability. Training and development can also increase the level of commitment of employees to the organization and increase their perceptions that the organization is a good place to work. Increased commitment can result in lower turnover and absenteeism, thus increasing productivity and decreasing unwanted costs in recruitment and training.
Some of the benefits of Training and Development:
- Leads to improved profitability and positive attitudes.
- Improves job knowledge and skills at all levels of the organization
- Improves the moral of the workforce
- Provides information for future needs in all areas of the organization
- Develops motivation, loyalty and dedication to the organization
- Increases productivity
- Reduces costs in turnover, re-training and production
- Provides a climate for learning, growth and communication
- Makes the organization a better place to work
Providing and creating various opportunities for training and development is another critical HR initative an organization can take in optimizing their attraction and retention strategies.