The benefits of training and development to an organization are as follows:
1. Training is a systematic learning. It is always better than hit and trial methods which lead to wastage of efforts and money.
2. Training enhances employee productivity both in terms of quantity and quality, leading to higher profits.
3. Training equips the future manager who can take over in case of emergency.
4. Training increases employee morale and reduces absenteeism and employee turnover.
5. It helps in obtaining effective response to fast changing environment – technological and economic.
The benefits of training and development activity to the employees are as follows:
1. Improved skills and knowledge due to training lead to better career of the individual.
2. Increased performance by the individual helps him to earn more.
3. Training makes the employee more efficient to handle machines. Thus, less prone to accidents.
4. Training increases the satisfaction and morale of the employees.
