Employee Development Benefits

2.4 Benefits of training and development

Herman and Kurt (2009) mentioned in his articles that training leads to important benefits for individuals and teams, organizations and society. He further stated that research has shown that providing employees with appropriate training and development opportunities has a number of benefits. Vinitha Jha (2016) provides some detailed fundamental benefits of training and development below.

Increased productivity:

Training and development is directly proportional to the efficiency and productivity of employees. Well trained employees deliver both quantity and quality performance resulting in less wastage of time, money and resources.

Less supervision:

Training develops the required skill sets in employees.

An employee who is trained on minor additional skill in sales, customer service, administration and operations also fosters team spirit, as employees appreciate the challenges faced by co-workers.

Uncover employee potential: Many organizations neglect or overlook the hidden talent of their employees, Training and development provides a platform for employees to discuss their ideas with management. many employees wait for a leadership role within the business, because there is not such programs, these employees never get the chance to show their talent or skills.

Job satisfaction:

Training and development makes the employees feel more connected; confident and satisfied with the role they play in the organization. This is driven by the great ability they gain to execute their duties. Employees have a sense of belonging that company or the organization that they work for and the only way to reward it is giving the best services they can.

Reduction of turnover and absenteeism: Employee turnaround costs time and money. Training creates a feeling of confidence in the minds of the employees. It gives them a security at the workplace. As a result, labor turnover and absenteeism rates are reduced.

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It helps in inculcating the zeal to learn within the employees.

Skills Development: Training and development helps in increasing the job knowledge and skills of employees at each level. It also helps in understanding the expansion of human intellect and an overall personality of the employees.

Optimum resource utilization:

Training and Development significantly helps to provide an opportunity and broad structure for the development of human resources' technical and behavioral skills in an organization which ultimately results in optimum resource utilization, moreover it also helps the employees in attaining personal growth.

Product & Service Enhancement:

Innovation leads to product and service enhancement. Innovation is achieved through employee development, which focuses on rewarding successes and boosting motivation and morale. Employee engagement is high leading to increased creativity and innovation. Organizational development also increases product innovation using competitive analysis, market research and consumer expectations and preferences.

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