Employee training leads to competitive advantage to the Business

 

Training and development refer to educational activities within a company created to enhance the knowledge and skills of employees while providing information and instruction on how to better perform specific tasks. (TalentLyft, 2019) In brief training and development can be described as the formal, on-going efforts that are made within organizations to improve the performance and self-fulfillment of their employees through a variety of educational methods and programmes. (Editorial, 2001) 

Training is imparting a specific skill to do a particular job while development deals with general enhancement and growth of individual skill and abilities through conscious and unconscious learning. When describing the main purpose of the training and development it is by improving the employee competencies so that organizations can maximize the efficiency and effectiveness of their human assets. (Sanyal&Hisam, 2015)

Employee training and development refers to the continued efforts of a company to boost the performance of its employees. Companies aim to train and develop employees by using an array of educational methods and programs.

When talk about its advantages in the market, mainly we can mention follow points.

·       Addressing weakness

·       Improved performance of employees

·       Boost company profile and reputation (Branding the company name)

·       Innovation

If a company owner evaluates their workforce closely, the management could have to understand likely two or more of their employees lacking certain skills. A training program presents an opportunity to instill the needed skills in the employees. Similarly, a development program helps to expand the knowledge base of all employees.

In doing so, company owners are able to bridge any gaps and weak links within their organizations. In such a way, every employee will be in a position to fill in for his colleague and handle any task with efficiency.

An employee who receives training from time to time is in a better position to improve his work productivity. Every employee will be well versed with the safety practices and proper procedures to follow when carrying out basic tasks. A training program also helps in building an employee’s confidence since he or she will gain a better understanding of the industry and the responsibilities of the work role.

Conducting frequent training and development programs is one way of developing the organization’s employer brand, thus making it a prime consideration for the top employees working for competitor firms, as well as graduates. A company that trains its employees will be more attractive to potential new employees, particularly those looking to advance their skills.

When employees receive consistent training and up-skilling, it fosters their creativity. The training programs help employees to be more independent and creative when they encounter challenges in their work.

Reference

AG5. (2020). What’s the difference between knowledge and skills? [online] Available at: https://www.ag5.com/whats-the-difference-between-knowledge-and-skills/.