SIGNIFICANCE OF TRAINING AND DEVELOPMENT

Training is the corner-stone of sound management. It makes employees more productive and effective. It is actively and intimately related to all the personnel or managerial activities. It is an integral part of the whole management program with all its many activities functionally inter-related. Training is also important for any organization that wants to take advantage of changes techniques and improvements.

Training is significant for the following reasons: Training enables employees to develop and rise within the organization, and increase their market value; it  assists management to resolve sources of friction arising from parochialism; it brings home to the employees the fact that the management is not divisible; it forms and brings about changes in the employee’s attitudes and enables them to achieve a better co-operation with the company and a greater loyalty to it; it helps to achieve higher standards of quality; it assists build up a satisfactory organizational structure; assists in the delegation of authority and provides stimulus or progress applied to employees; heightens the morale of employees as it reduces dissatisfaction, complaints, grievances and absenteeism, reduces the rate of turnover; training employees make a better and economical use of materials and equipment; it helps in reduction of wastage and spoilage; trained employees require less of continued supervision.