How is the training of employees beneficial for the organisation? State by giving any four reasons.
Training refers to enhancing the skills and abilities necessary for a specific job. In other words, it attempts at improving the aptitude and knowledge of employees according to the requirements of the specific job.
Training imparts the following benefits to the organisation:
- Less Wastage: With training, employees learn to work systematically without the need of any hit and trial method. This helps in reducing the wastage of time and money.
- Higher Profits: By developing the skills of individuals, it makes them more efficient and productive. With the increase in overall productivity, the profits of the organisation rise.
- Managerial Efficiency: Training imparts self-confidence among employees to face new challenges. It helps them to better deal with varied situations and problems
- Reduced Absenteeism: Effective training helps in boosting self-confidence and self-reliance of employees, which in turn helps in reducing absenteeism and employee turnover in the organisation.