- 6 Marks
Question
b) Training presents a prime opportunity to expand the knowledge base of all employees, but many employers find the development opportunities expensive.
Despite the potential drawbacks, training and development provide both the company and the employee with benefits that make the cost and time a worthwhile investment.
Required:
Outline THREE benefits to be derived from training and development by
i) a company and
ii) an employee.
(6 marks)
Answer
i) Benefits to the Company:
- Minimized Learning Costs: Training reduces the cost of acquiring necessary skills within the organization.
- Increased Productivity: Well-trained employees perform their tasks more efficiently, leading to increased productivity and reduced operational costs.
- Fewer Accidents and Better Health and Safety: Proper training reduces the likelihood of accidents, enhancing overall workplace safety.
(3 marks)
ii) Benefits to the Employee:
- Enhanced Portfolio of Skills: Employees gain new skills that may be beneficial for their current job or future career opportunities.
- Psychological Benefits: Training reassures employees of their value to the organization, improving morale and job satisfaction.
- Social Benefits: Training sessions provide opportunities for employees to interact, fostering a sense of community and teamwork.
(3 marks)
- Tags: Company Benefits, Employee Benefits, Human Resources, Training and Development
- Level: Level 1
- Topic: HR - Training and Development
- Series: NOV 2017
- Uploader: Dotse