Question

Answer the following question.
‘Moga Industries Ltd,’ approached a well-established university in the city of Madurai to recruit qualified personnel for various technical and professional jobs. They selected Tanya, Ritu, Garima, and Chetan for various Vacancies in the organisation.
After the selection and placement, 'Moga Industries Ltd,’ felt the need to increase the skills and abilities, and the development of a positive attitude of the employees to perform their specific jobs better. The company also realised that learning new skills would improve the job performance of the employees. Hence, the company decided to take action for the same.

1) Name the step of the staffing process regarding which the company decided to take action.
2) State the benefits of the action to ‘Moga Industries Ltd.'

Answer 1

1) The step of the staffing process regarding which the company decided to take action is training and development

2) Benefits of training and development:

• 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.
• Less Accident Prone: With proper training, employees become more efficient in handling complex machines. This helps in reducing the chances of an accident.
• The benefits of training and development to the employees are:
  1. Better career opportunities: Training enhances the skill and knowledge of the employees, enabling them to improve their career prospects.
  2. Higher earnings: By imparting more knowledge and skills to the individual, training enables them to earn more.
  3. Reduced probability of accidents: Training attempts to make the employees more adept and efficient in handling machines and thus makes them less prone to accidents.