How training can benefit both employees and organisation?

2 .0 . Literature Review

The recent instance of economic downturn once again highlighted the need to raise the level of competency , and for that matter , appropriate training of the employees to meet the demand of their respective industries have become an extremely important issue to the employers

There is not much to oppose the idea that proper training can develop the employee performance , which would reflect in the state of overall functioning of the organization and finally in the enhanced amount of benefit for the organization . Even the established managers also hold

br the same view . The Hotel Monticello 's General Manager Rob Suter is one of many such managers who finds that training empowers employees and adds value to the organization as a whole (How , 2008

However , there should be a clear concept about how such benefit can be garnered out of training . In general , imparting appropriate training all throughout the year is a specialized job - which can even be seen as the task of developing human capital through managing them . Therefore , this study reviews the relevant literature on employee training and how that can benefit both employees and organisations

2 .1 . Underpinned Benefits of Employee Training

Carl Duncker (2006 ) underpins five business benefits of employee training that goes like below

Impact on bottom line : Duncker refers to the research observations that effective training can raise employee productivity to a whopping 230 percent

Staff retention : Training increases staff retention , which saves company expenditure on many accounts , like loss of management...