Advantages of Training or Training Programs
A. Advantages to the Company
B. Advantages to the Employee
A. Advantages to the Company
The following are the advantages of training program to the company:
1. Increase in Efficiency of Worker:
Training programs can help workers to increase their efficiency levels, improve quality and thereby increase sales for the company.
2. Reduced Supervision:
When workers have been formally trained they need not be supervised constantly. This reduces the work load on the supervisor and allows him to concentrate on other activities in the factory.
3. Reduction in Wastage:
The amount of material wasted by a trained worker is negligible as compared to the amount of material wasted by an untrained worker. Due to this the company is able to reduce its cost its cost of production.
4. Less Turnover of Labour:
One of the advantages of the training program is that it increases the confidence of employees and provides them with better career opportunities. Due to this employee generally do not leave the company. There by reducing labour turnover.
5. Training Helps New Employees:
A person, who is totally new to the company, has no idea about its working. Training helps him to understand what is required from him and helps him to adjust to the new environment.
6. Union Management Relations:
When employees are trained and get better career opportunities. The union starts having a possible attitude about the management. They feel that the management is genuinely interested in workers development. This improves union management relations.
B. Advantages to the Employee
The following are the advantages of training program to the employee:
1. Better Career Opportunities:
Training programs provide the latest information, develops talent and due to this the employee is in a position to get better jobs in the same company or other companies.
2. High Rewards:
Effective training programs result in improved performance. When performance appraisal is done excellent performance from the employee is rewarded by giving him incentives and bonus.
3. Increased Motivation:
Employees who have been trained are generally more confident as compared to others. Since their efforts will be rewarded in future they are very much interested in improving their performance. Therefore we can say that their motivation levels are very high.
4. Group Efforts:
Training programs are not only technical programs but are also conducted in areas like conflict management, group dynamics (formal and informal groups), behavioral skills, stress management etc. this enables employees to put in group effort without facing problems that groups normally face. In other words training teaches people to work in a group.
5. Promotion:
People who attend training programs learn from them and improve themselves are generally considered for promotion. Thus training increases chances of promotion.
