Meaning of training:
- “Training means providing theoretical and practical knowledge with reference to the work of the employees.”
- As stated by an expert, “Training means giving up-to-date information about the organization and also to increase efficiency, skill, aptitude, attitude and technical skill of the employees.”
- In short “Training means imparting knowledge and education with the objective of gaining proficiency in the business.”
Importance of training:
1. To provide modern information: Training is necessary for providing information to the employees about modern technological changes and research.
2. Safety:
- It is extremely important to provide safety training.
- Safety related trainings are given to those workers who work on machines. The training modules include, safe operation, importance of safety equipment such as helmet, gloves, etc.
- Safety training improves the ability of machine handling, reduces fatigue and increases morale.
3. Increases job satisfaction:
- Training helps employees to understand their work better and ways to improve their efficiency and adopt new methods.
- This increases their enthusiasm which, in turn, increases their job satisfaction.
4. Reduces labour turnover rate:
- Training increases knowledge, skill and efficiency of the workers. This improves their chances of promotion and earning higher income.
- When the efficiency along with income rises, the employees do not think of changing their job and remain loyal to the companies. This reduces the rate of labour turnover.
5. Increase in profit: Training increases production and productivity. This reduces cost of production and increases profit.
6. Reduction in expenses:
- Training increases efficiency of the workers. This increases productivity as well as production and decreases wastage of raw material and time.
- It also reduces supervision cost.
- Thus training reduces production cost.
7. Growth and development of employees:
Training increases skills, knowledge, ability and intelligence of the employees. This also results in personal growth and development of the employees.
8. Other benefits:
- Training improves quality of production. Increased quality enhances prestige of the organization and reduces stress of sales and complaints.
- Training creates an environment of co-operation, loyalty, sincerity and enthusiasm.
