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Questions
What are the advantages of training to the organisation?
What are the advantages of training to the organisation?
“Training is beneficial both for the organisation as well as for the employees.” Explain any three benefits of training towards the organisation.
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Solution
Benefits to the organization are:
- Less Wastage: Training is a concept that involves systematic learning of work. It is a more efficient way of learning than any hit-and-trial method. This leads to less wastage of time and money. Thereby, it helps in optimum utilization of resources.
- Higher Profits: By developing the individuals and making them more efficient, training enhances their productivity at work. Due to an increase in both qualitative and quantitative productivity, the profits of the company rise.
- Managerial Efficiency: Training prepares the employees to face new challenges in different situations. This helps them in building effective responses to various situations. Training also equips the future managers to take precautionary steps in case of emergency.
- Reduced Absenteeism: Effective training helps in boosting the morale of the employees. Thereby, it helps in reducing the rate of absenteeism and employee turnover.
Notes
Students should refer to the answer according to their question.
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