In: Economics
2.Advantages of in-house Training are-
Disadvantages of In-house training are-
ADVANTAGES of technical training are-
1. It can reduce employee turnover rates.
Employees that are properly trained are workers that will feel more confident about their job. This confidence can translate into a lower employee turnover rate, especially if competitive pay and benefits are involved. At the very least, there is less overall frustration with the expectations placed upon workers when there are clearly communicated expectations and skill development opportunities.
2. Better training can reduce long-term staffing costs.
If you’re constantly training new employees, then you’re paying for
more initial training costs. These costs are higher than long-term,
ongoing training needs. By offering workers better training, you
can improve their productivity and satisfaction. This allows you to
then lower your long-term staffing costs because satisfied
employees are less likely to seek out different employment.
3. It gets everyone onto the same page.
There will always be employees who “go rogue” on a company’s
policies and procedures because they think their way is better.
With adequate training that clearly communicates your expectations,
you are more likely to get your workers onto the same page. You
won’t be able to completely stop all of the rogue moments that
happen, but you will be able to reduce them quickly and
effectively.
4. There are opportunities to build a team.
People who go through a training together share a common bond. This
bond then creates the relationships that are necessary for a team
to co-exist in a meaningful way. A good training session does more
than train someone to properly do their job. It also builds the
foundation necessary for a team to be able to form the
relationships necessary to maintain itself.
5. It’s an easy way to set clear expectations.
How many times have you heard, “But no one told me what I was
supposed to do?” A good training session will outline all
expectations for an employee and require them to sign off on the
fact that they understood what was conveyed to them in some way –
through testing, attendance records, or similar documentation.
Disadvantages of technical training of Employee-
1. Employees can take their skills to a competitor.
If you’ve just spend thousands of dollars to train a new employee
and they quit to go work for a competitor, then you’ve just
financed the enemy. In an “At Will” environment, an employee can
quit at any time for any reason and take their new skills
elsewhere.
2. The costs of training never go away.
A general rule of thumb when it comes to training costs is that it
will be 50% of that employee’s salary for the first year to get a
new worker up to speed. Then there will be ongoing training costs,
based on the worker’s position, that must also be paid. Training
costs never go away, but they aren’t always properly budgeted.
3. Improper training creates improper results.
If an employee is not properly trained the first time around, then
you’ve got to spend the money to properly train that worker a
second time. There must be a high level of quality assurance and
review placed on the initial training process to make sure
productivity levels from new workers can be maximized.
4. Different people learn best in different ways.
Some people need to fiddle with things in order to learn new
skills. Others may prefer a small group discussion. You might have
a new employee who learns best with supervised practice of the new
skills that are expected of them. Not every trainer is able to meet
or even recognize the different needs that new workers may
have.
5. It can create resentment.
If one worker feels like they received an inferior level of
training compared to someone else on their team, then they can take
that experience personally. Their negative energy can then create
resentment amongst others who feel the same way.
Yes I would like to work for a company like PETRONAS as it provides proper training to Employees which help to increase the productivity of the organization and job satisfaction of the Employee