Training and Development
Understanding Training and Development
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Training and Development refers to educational activities within a company designed to enhance the knowledge and skills of employees.
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It not only improves the competency of employees but prepares them for future responsibilities and roles.
Objective of Training and Development
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Primarily focused on improving employee’s ability to carry out their current job role.
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Training and development can help reduce errors and mistakes made by employees.
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It plays a pivotal role in preparing employees for higher roles and responsibilities.
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It serves a tool for motivating and retaining valuable employees within an organisation.
Different Types of Training
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On-the-job Training: Involves employee learning in a real work environment. Often employee learns while doing the main job under the supervision of a senior colleague.
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Off-the-job Training: Training takes place away from the primary place of work. Examples include conferences, workshops, seminars and short-term courses.
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Induction Training: Provided to new employees, familiarising them with company policies, procedures and culture.
Process of Training and Development
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Identifying Training needs: By assessing the current skill sets of employees, management can recognise where training is required.
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Designing Training Programme: This step involves developing a programme that will cater to identified training needs.
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Executing Training: Carrying out the designed programme through various training methods, be it on-the-job or off-the-job methods.
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Evaluating Training Effectiveness: Post-training, feedback is taken from the employees to assess the effectiveness of the training provided.
Importance of Training and Development in Business
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Increased Efficiency: Well trained employees often equals to increased efficiency in processes, leading to financial gain for the business.
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Reduced Employee Turnover: Employees are less likely to leave the company if they feel valued and properly trained.
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Maintaining Competitiveness: Regular training ensures that the company keeps pace with the ever-changing business environment.
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Enhancing Company Reputation: Employing a highly trained and competent workforce improves a company’s reputation.