How is training of employees beneficial for the organisation? State by giving any four reasons.
Reasons, why training is important for an organisation:
(a) It avoids wastage of efforts and money by systematic learning of skills.
(b) It enhances employee’s productivity, leading to the higher profits.
(c) It equips the future manager who can take over in case of an emergency.
(d) It reduces absenteeism and employee turnover by increasing employee morale.
(e) It helps in obtaining an effective response to a fast changing environment.
Main advantages of training to the organisation are as follows:
i. Most economical and the best use of material and equipments: Each employee working at any level makes use of machine and material. For instance, at lower level machine and material are used, at middle and higher level, computers, type machines and writing material are used. Trained employees use these machines and material properly and minimise wastage.
ii. Improvement in quality and quantity of output: Training makes it possible to improve the quality and quantity of output. Consequently, cost of production per unit falls. It is important to note here that output does not mean goods manufactured by machines alone but it refers to all the jobs performed at all the managerial levels. It is, therefore, evident that training improves knowledge and skill of all the levels of employees and their performance turns excellent.
iii. Less requirement of supervision: Trained employees are skilled in their jobs, so their work does not require much supervision. They can utilise the time thus saved in some other creative works.
iv. Reduced labour turnover and absenteeism: Trained employees remain satisfied with their jobs and the working conditions of the organisation. They have, therefore, no inclination to leave the enterprise or indulge in absenteeism.