Training presents a prime opportunity to expand the knowledge base of all employees, but many employers find the development opportunities expensive.
Despite the potential drawbacks, training and development provides both the company and the employee with benefits that make the cost and time a worthwhile investment.
Required:
Outline THREE benefits to be derived from training and development by (6 marks)
i) a company and
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- Minimize the learning costs of obtaining the skills the organization needs
- Lower costs and increase productivity
- Fewer accidents, and better health and safety
- Less need for detailed supervision (Any 3)
ii) an employee.
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- Enhance portfolio of skills. Even if not specifically related to the current job, training can be useful in other contexts, and the employee becomes more attractive to employers and more promotable.
- Psychological benefits. The trainee might feel reassured that they are of continuing value to the organization.
- Social benefit the job. People’s social needs can be met by training courses.