Question

Answer the following question.
Nisha Sethi was working as a Human Resource Manager in a famous consultancy firm, KLI Global Services. Her job included preparing job descriptions, recruitment, developing compensation and incentive plans, and facilitating employee learning. They had entered into alliances with institutes to ensure the continuous learning of their employees. With the jobs becoming more and more complex, KLI Global Services invested a large amount of money in making the employees learn the skills necessary to complete the jobs.
State by giving any five points, how this investment is likely to benefit the organisation?

Answer 1

The process of making the employees learn the skills necessary to complete the jobs is called training.

The following points highlight the benefits of training to organization:

1. Less wastage: 
   As training involves systematic learning of tasks, it helps reduce wastage of time and money, thereby ensuring the optimum utilisation of resources.
2. Higher profits:
   Training enhances the productivity and efficiency of the employees, thereby raising the profits of their company.
3. Improved managerial efficiency:
   Training prepares the employees to face new challenges and enables them to respond to various situations effectively.
   Thus, training helps an organisation prepare future managers.
4. Reduced absenteeism:
   Effective training serves to boost the morale of the employees and thereby reduce the rate of absenteeism and employee turnover.
5. Helps in adapting changes:
   Effective training helps the organization and its employees to adapt quickly and obtain an effective response to a changing technological and economical environment.