Impact Of Training And Development On The Industry
Training given must be without bias and based on factual grounds. Such training and development programs offset the actual cost of the program and the loss of productivity during that timeframe, eventually.
Experiential marketing’s contribution to education and healthcare.
Training and development of employees in an organization is crucial for the growth and general wellbeing of both the employer and the employee. With new industry trends redefining almost all industries every few years, it is important for the company and the employees to keep themselves updated and skilled in-order to be competent in the ever-changing marketplace.
Apart from the obvious expectations of training an employee – like productivity increase, ability to contribute effectively in the current role and adherence to certain industry standards, there are other benefits employees are invested in. The first positive impact is employee morale and ownership increases. It builds trust and that leads to growth and synergy. The second indirect benefit is, it results in less attrition as many employees will have attainable goals of growth and promotions.
It is a proven fact that if organizations win the “hearts and minds” of the employees, they perform better and add more value to the organizations. Motivated employees are a dream to any organization as they innovate when possible and put forth new ideas which can dramatically change the fortunes of the company. They will go the extra mile without complaining and proactively improve the work culture and the general morale on the floor.
Training given must be without bias and based on factual grounds. Such training and development programs offset the actual cost of the program and the loss of productivity during that timeframe, eventually. Of course, it is advised to exercise prudence and foresight while identifying employees for such programs.
Development programs where employees can use a common forum to share knowledge, challenges, and opportunities also lead to increased goodwill and employee satisfaction. Policies for training and development must have foresight, careful planning, and perfect execution in- order to cause growth. Ensuring all stakeholders are aligned before planning can help immensely with the end results.