Question

State any four benefits of training to the organization.

Hint:

Training is an ongoing process, not a one-time event. It helps the organization to adapt to rapid technological changes. Effective training programs act as a major competitive advantage in the industry.

Answer 1

Concept:

• Training: A systematic process of increasing the knowledge and skills of an employee for doing a particular job.

• It is an investment that yields benefits for both the employee and the organization in the long run.
Step 1: Avoidance of wastage
Training is a systematic learning process that is much better than the 'hit and trial' method.
It leads to the economical use of materials and machinery, thereby reducing wastage and the cost of production.

Step 2: Higher productivity
Training enhances the skills and efficiency of workers.
Improved skills lead to an increase in the quality and quantity of output, which directly contributes to higher organizational profits.

Step 3: Preparation of future managers
Training helps in building a talent pool within the organization.
It prepares employees to take over higher responsibilities in case of emergencies or planned successions, ensuring business continuity.

Step 4: Boosts employee morale
Training increases the confidence of employees by making them more competent in their roles.
This leads to higher job satisfaction, reduced employee turnover, and lower rates of absenteeism.