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

  1. Reduces wastage: -Systematic learning is always better than hit and trial methods and reduces wastage of efforts and money.
  2. Orientation:-Induction Training helps the employee to know the working conditions in the organization
  3. Adaptation:-Helps adjust to fast-changing  technological and Economic environment by learning the latest technique
  4. Motivation:- Increases employee morale and reduces absenteeism and employee turnover
  5. Employee productivity: -improves employee productivity both in terms of quantity and quality, leading to higher profits.
  6. Realistic application Employees apply theoretical knowledge to practical use, especially in the case of new employees

Benefits to the Employee

  1. Skills and knowledge Improved led to a better career for the individual when learning a new skill
  2. Accident Reduced makes the employee more efficient to handle machines which reduce the chances of accidents.
  3. More earning training Increases the performance of the employees which helps them to earn more.
  4. Employee Morale Increases the satisfaction and morale of employees the employee and makes them independent and happy.