Organizational Training & Development: Essential for Business Growth - Essay Sample

Introduction

In the current fast-paced and everchanging business world, training and development for organizations is a crucial function. Unfortunately, it is among the least prioritized items in most companies. Therefore, training is an important aspect in a business as it provides the opportunity of expanding employees knowledge and skills in different areas. Although many employees find training and development program expensive, it offers business and employees with benefits which make time and cost a great investment. In every business, training and development are important as it results in improved employee performance, improved staff morale and satisfaction, consistency, addressing weaknesses, increased innovation, and increased productivity.

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Organizations seek to be successful in different capabilities, programs, products, and services (Rodriguez & Walters, 2017). Unfortunately, these elements should be sustained, developed, envisioned, and implemented by people who are well trained and informed. According to Tapkir and Dadas (2018), every business faces stiff competition from the competitors and shortage of the needed manpower. Therefore, training is a significant tool in retaining and remaining in the competition, then look at the development of the staff. Also, it helps in keeping business and staff in good condition through skill enhancement and motivation (Tapkir & Dadas, 2018).

In business, training and development is an essential aspect as it increases the confidence, motivations, and morale of the employees (Rodriguez & Walters, 2017). When the employees are trained on different issues in an organization, they feel that they are important, and this makes them strive higher and ensure that the organization achieves its goals and objectives. It means that they get committed to the operations of the business.

Furthermore, if employees are well trained in an organization, the production costs are lowered (Rodriguez & Walters, 2017). The main reason is that the staff will reduce waste during the production process as they have mastered well the different process in production. Training and development in business promote security (Rodriguez & Walters, 2017). This issue will reduce absenteeism and turnover, which is experienced by employees who do not know about their stay in an organization or if they may be laid off. Also, it increases the involvement of employees in the process of change which is essential for an organization. It does this by offering required competencies in adjusting in challenging and new situations.

Providing employees with sessions of training and development means that they require less direction and supervision (Majeed & Shakeel, 2017). The reason is that training gives them the required knowledge of completing their tasks. Also, since T & D increases the employees’ skills and knowledge, they will be able to achieve most of the task in the business. Therefore, it means training and development are beneficial to both the business and employees. The more the employees get the chance of learning, the more they turn to be effective in the company (Majeed & Shakeel, 2017).

The different training programs of organizations are essential as they enhance market growth (Jehanzeb & Bashir, 2013). The programs help an organization to stay competitive and solvent in the market. Even though it is an expensive process, the investment is positive for a business to hold a good place in the market. The major motives which are essential for staffs’ knowledge include employees knowing the training’s worth and CEO of the business understanding the essence of information transferring in the modern business environment (Jehanzeb & Bashir, 2013). Also, organizations should maintain and develop such a learning environment for staff to expand the organization’s knowledge and competitive capacity. Some of the organizations that have realized the significance of training and development include General Electric Company and Microsoft (Jehanzeb & Bashir, 2013). Moreover, a study which was conducted by the American Society for Training and Development confirmed that there is a link between high revenues and employee development program in the Stock market (Jehanzeb & Bashir, 2013). Therefore, it means that training and development increases a business' profit and offers a difference in the native market.

Training and development have been regarded as a significant contributing factor in organizational performance (Jehanzeb & Bashir, 2013; Hoff, 1970). Training and development investment enhance developed organizational and individual effectiveness. Also, it improves performance since employees who get the required training can effectively perform their job (Kumar, 2014). The reason is that they are aware of the proper procedures and safety practices for basic assignments. T&D can also build employees confidence so that they understand the responsibilities and higher industry understanding of their job. Also, training and development amplifies the strengths of employees and enables them to acquire new skills. Training provides employees with a better understanding of their roles and responsibilities, which in turn builds their self-confidence. Self-confidence is only beneficial to the business as it will enhance the overall performance. It will also make the employees be more competent in performing the assigned tasks.

Training and development program is essential in a business as it enhances employee retention (Jehanzeb & Bashir, 2013). Essentially, there is no particular method that organizations use to retain their staff. However, the study reveals that one of the significant traits of retaining staff is providing them with opportunities to improve their learning (Jehanzeb & Bashir, 2013). It means that there is a strong relationship between employee retention and training and development. Businesses are supposed to realize that experienced employees are a significant asset, and they should find the best ways of retaining them to enhance the success of the organization. The main reason is that organizations providing training and development programs are successful in retaining the staff (Jehanzeb & Bashir, 2013).

According to Kumar (2014), training and development are essential as it enhances consistency. A well-structured T & D program in business ensures that the staff have consistent background knowledge and experience. Also, they are trained by people who are well informed and experienced in providing training services. The consistency is vital for the basic procedures and policies of an organization (Kumar, 2014; Vinesh, 2014). All staff should be aware of the procedures and expectations in business, including administrative tasks, discrimination, and safety.

Training and development improve productivity (Vinesh, 2014; Nischithaa, & Rao, 2014; Jehanzeb & Bashir, 2013). If a business implements having different training courses, then productivity will be increased. The reason is that the processes will have increased efficiency, which ensures the success of projects that further improve the company's market share and turnover. Besides, training and development result in improved quality of products and service in the organization (Vinesh, 2014). Having quality services means that there will be improved sales that will further increase the profit. In the current evolving world, productivity depends on the technology a company uses and its employees. Thus, training and development ensure that staff get the up to date information regarding new technology then chooses to discard a technology which is outdated. The strategy assists in doing things efficiently, fast, and in a more productive manner.

Through training and development in an organization, there is increased job satisfaction (McClelland, 2002; Kumar, 2014; Nischithaa, & Rao, 2014). However, training and development should be relevant to the staff. It is futile when training and development turn to be dull and tedious, and the staff attend it because it is compulsory. Therefore, companies should mainly stress on precise industry training that can benefit them. Additionally, employees accessing training and development programs are advantageous as compared to the other staff that are left to train on their own. Investments made on the programs shows that the employees are valued, and it establishes a supportive working environment for the employees (Kumar, 2014). The staff who feel challenged and appreciated through different training opportunities feel satisfied in their jobs. Also, training improves communication among different organizational levels as processes and jobs deficiency is eliminated, and the people in production gets involved in management (Kumar, 2014). Staff empowerment, which is a current trend, can only be successful if efficient training is given to empowered individuals.

According to Kumar (2014), training and development is an essential aspect in a business as it helps in overcoming weaknesses. In the workplace, most employees usually have flaws in their skills. Thus, a training program provides the employees with the chance of strengthening their skills for improvement purposes (Kumar, 2014; Ackah & Agboyi, 2016). Development programs are efficient for a business as they bring all staff at high levels in having similar knowledge and skills concerning the operations of the company. This strategy assists in reducing weak links in the business on employees relying on other individuals in completing their basic task. Moreover, offering the required training establishes a knowledgeable staff as the employees can stand for others, work independently, or even work in teams without supervision or constant assistance from other individuals.

References

Ackah, D. D., & Agboyi, M. R. (2016). The Effects of Training and Development on Employee Performance in the Public Sector of Ghana: A Study of the Takoradi Branch of Ghana Ports and Habours Authority (GPHA). Munich GRIN Verlag.

Hoff, W. (1970). The importance of training for effective performance. Public health reports, 85(9), 760. file:///C:/Users/HP/Downloads/cdc_75308_DS1.pdf

Jehanzeb, K., & Bashir, N. A. (2013). Training and development program and its benefits to employee and organization: A conceptual study. European Journal of business and management, 5(2). https://www.dcvmn.org/IMG/pdf/3947-5999-1-pb.pdf

Kumar, R. (2014). Importance of training in organizational development. International Research Journal on Management Science and Technology, 5(1), 287. https://www.academia.edu/6125584/IMPORTANCE_OF_TRAINING_IN_ORGANISATION_DEVLOPMENT

Majeed, A., & Shakeel, S. (2017). Importance of Training and Development in the Workplace. International Journal of Scientific & Engineering Research, 8(4), 498-504. https://www.ijser.org/researchpaper/IMPORTANCE-OF-TRAINING-AND-DEVELOPMENT-IN-THE-WORKPLACE.pdf

McClelland, S. D. (2002). A training needs assessment for the united way of Dunn County Wisconsin. https://core.ac.uk/download/pdf/5066152.pdf

Nischithaa, P., & Rao, N. (2014). The importance of training and development programmes in hotel industry. International Journal of Business and Administration Research Review, 1(5), 50-56. http://ijbarr.com/downloads/310520147.pdf

Rodriguez, J., & Walters, K. (2017). The importance of training and development in employee performance and evaluation. World Wide Journal of Multidisciplinary Research and Development, 3(10), 206-212. https://www.researchgate.net/publication/332537797_The_Importance_of_Training_and_Development_in_Employee_Performance_and_Evaluation

Tapkir, S. S., & Dadas, A...