Question

In: Accounting

What are some reasons as to why organizations have training for their employees? I need at...

What are some reasons as to why organizations have training for their employees?

I need at least 4-5 sentences.

Solutions

Expert Solution

Training presents a prime opportunity to expand the knowledge base of all employees, but many employers in the current climate find development opportunities expensive. Employees attending training sessions also miss out on work time which may delay the completion of projects. However despite these potential drawbacks, training and development provides both the individual and organisations as a whole with benefits that make the cost and time a worthwhile investment. The return on investment from training and development of employees is really a no brainer.

Improved employee performance- the employee who receives the necessary training is more able to perform in their job. The training will give the employee a greater understanding of their responsibilities within their role, and in turn build their confidence. This confidence will enhance their overall performance and this can only benefit the company.

Addressing weaknesses- Most employees will have some weaknesses in their workplace skills. A training program allows you to strengthen those skills that each employee needs to improve. A development program brings all employees to a higher level so they all have similar skills and knowledge. This helps reduce any weak links within the company who rely heavily on others to complete basic work tasks. Providing the necessary training creates an overall knowledgeable staff with employees who can take over for one another as needed, work on teams or work independently without constant help and supervision from others.

Consistency -A robust training and development program ensures that employees have a consistent experience and background knowledge. The consistency is particularly relevant for the company’s basic policies and procedures.

Reduced employee turnover – staff are more likely to feel valued if they are invested in and therefore, less likely to change employers. Training and development is seen as an additional company benefit. Recruitment costs therefore go down due to staff retention.

Increased innovation in new strategies and products – Ongoing training and upskilling of the workforce can encourage creativity. New ideas can be formed as a direct result of training and development.


Related Solutions

Why might some organizations push employees to behave in a dishonest or corrupt manner? Are there...
Why might some organizations push employees to behave in a dishonest or corrupt manner? Are there personal benefits to corruption that organizational culture can counteract?
Discuss the reasons why most organizations have chosen to incorporate projects in their organizations (15 Marks
Discuss the reasons why most organizations have chosen to incorporate projects in their organizations (15 Marks
There are various reasons why training is needed. Identify some causes, and pick one to explain...
There are various reasons why training is needed. Identify some causes, and pick one to explain in detail.
What are some HIPAA security and privacy rules training questions for the employees of a healthcare...
What are some HIPAA security and privacy rules training questions for the employees of a healthcare facility. Give me 20 questions and answeres.
What are some reasons why some product categories in stores have low gross margins compared to...
What are some reasons why some product categories in stores have low gross margins compared to industry averages?
What is an ideal response for this discussion? One of the biggest reasons I think organizations...
What is an ideal response for this discussion? One of the biggest reasons I think organizations redesign their products and services is to stay ahead of competitors and to keep high market shares. There are so many different options for consumers to pick now a days, and things are always changing. New technology, new research, and new brands are a threat to current companies. In order for a company to keep enticing their customers and keep them in the long...
Speculate on the main reasons why the skills and training of project managers have changed over...
Speculate on the main reasons why the skills and training of project managers have changed over time. Give your opinion as to whether these changes have been good for business. Provide a rationale for your response. Suppose you are starting a Project Management Office (PMO) at an organization. Give your opinion as to what the key considerations would be for the endeavor to be successful. Speculate whether you would hire an experienced project manager or a consulting company to facilitate...
1) i)Why do employees need to understand legislative requirements? ii)What is an accounting system?
1) i)Why do employees need to understand legislative requirements? ii)What is an accounting system?
Problem-Solving Case: Training Call Center Employees The employees in a call center need to be able...
Problem-Solving Case: Training Call Center Employees The employees in a call center need to be able to speak to customers politely, but their skill set is more complicated than etiquette. They also need to handle a range of questions and problems about particular products. Whenever their company adds a new line of products or services, the employees have to be prepared to answer a new set of questions. Thus, training is an ongoing con- cern in call centers. The traditional...
Identify the common reasons employees voluntarily leave organizations. How does high turnover rate affect on organizations...
Identify the common reasons employees voluntarily leave organizations. How does high turnover rate affect on organizations performance? Define the various organizational retention determinants.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT