- Books Name
- BUSINESS STUDIES-XII
- Publication
- ABCD CLASSES
- Course
- CBSE Class 12
- Subject
- Business Studies
TRAINING & DEVELOPMENT
Training: - refers to the process designed to maintain and improve current job positions.
Development: - refers to the process designed to develop necessary skills for future work activities.
Difference between Training and Development
Benefits to the organization
- Reduces wastage: -Systematic learning is always better than hit and trial methods and reduces wastage of efforts and money.
- Orientation:-Induction Training helps the employee to know the working conditions in the organization
- Adaptation:-Helps adjust to fast-changing technological and Economic environment by learning the latest technique
- Motivation:- Increases employee morale and reduces absenteeism and employee turnover
- Employee productivity: -improves employee productivity both in terms of quantity and quality, leading to higher profits.
- Realistic application Employees apply theoretical knowledge to practical use, especially in the case of new employees
Benefits to the Employee
- Skills and knowledge Improved led to a better career for the individual when learning a new skill
- Accident Reduced makes the employee more efficient to handle machines which reduce the chances of accidents.
- More earning training Increases the performance of the employees which helps them to earn more.
- Employee Morale Increases the satisfaction and morale of employees the employee and makes them independent and happy.