Attention on Training Contributes to Values & Retention

Human Resource has been found to be the most crucial factor affecting smooth and successful running of any organization. Businesses the world over have realized the importance of recruiting and retaining the best possible talents, regardless of the type of industry and nature of work involved. Although employers understand the need for a reliable and skilled workforce, they often forget the vital role played by training and development of employees. When it comes to the question of a trade off between cutting costs and skill development, employers lean more toward the former.

Significance of Training

With overall changes occurring on a regular basis in all processes and technologies, and considering the future of any organization, it becomes inevitable to invest in need-based training in any business—as this is one way of improving values and ethics among employees. A few of the predominant factors that entail proper Training process are listed below:

• Performance & Productivity Improvement: Even if a team is equipped with skilled employees, the ability to adapt and acquire new skills and knowledge is vital for employees to conduct their activities more effectively—thus increasing productivity and retention rate
• Face Competition: Equipping employees with up-to-date procedures, tools, and technologies ensures that the organization stays competitive with peers while enhancing its values among employees
• Enhanced Morality: A positive frame of mind is developed along with effective training and enthusiastic participation of staff members—Encouragement earned with training boosts the morale of employees considerably, eradicating negativities
• Empowerment and Motivation: Today’s freshers are potential managers for tomorrow—employers who respond to needs of organizational members make it a point to drive and motivate them, aiding in their development as future executives and leaders

Benefits of Training & Development

Apart from increasing the general organizational climate and goodwill, training has been found to be a proven process to attain certain high values and to lift the reputation of the organization. A few have been listed below:

• Increase in Job Satisfaction
• Adaptability to new processes and technologies
• Motivation and harmony among employees
• Reduction in Employee turnover
• Efficient functioning and better financial position
• Innovative and exclusive practices

There are a number of training methods suiting to the specific industry and the nature of processes involved. Generally, considering factors such as technological needs, financial improvement, and workers welfare, effective training must be given in an encouraging manner for creating a positive impact among employees, increasing talent retention, and thus help the organization to progress.