(a). Reasons/Benefits of training and development:

(i) High Quality Staff: Investing resources in training and development activities enables the organisation to increase the competence and skill levels of the employees, which will help them to undertake tasks more effectively and efficiently.

(ii) Increased Commitment: When employees realize that the organisation invests resources in their training and development, it increases their commitment and also helps them to identify with the objectives of the organisation.

(iii) Provide for Succession: Investment in training and development of employees will enable the firm to identify those employees who possess talents and prepare them to take up positions in the firm when the need arises.

(iv) Prepare for change: Training and development activities also help prepare employees to manage change by increasing their understanding for change and provides them with knowledge and skills they need to adjust to the new situation.

(v) Improved performance: When employees are taken through training and development activities, it enables them to acquire additional skills and knowledge that will help improve upon their efficiency in their day-to-day performance.

(vi) Increased productivity: Training and development activities help to enhance individual, team and corporate performance in terms of output, quality and the overall organisational productivity.

(vii) Operational Flexibility: Investment in training and development activities help to improve operational flexibility by extending the range of skills possessed by employees that can help them to work in various levels and aspects within the organisation.

(viii) Gaining competitive advantage: Investing in employee training and development activities facilitates the acquisition of new skills which enables the employees to improve upon their productivity leading to competitive advantage.

(ix) Customer Service: Acquiring knowledge and skills will help the employees to serve customers better and increase their retention.

(b). Reasons for remunerating employees well:

(i) To increase productivity: When the organisation remunerates its employees well, they will have the desire to give the best of their efforts resulting in increased productivity of the organisation.

(ii) Attract talents: When an organisation is noted for remunerating its employees well, it helps in attracting highly talented people to work in that organisation.

(iii) Cost Control: Remunerating employees well will help the organisation to control its operational cost because of the high retention rate of the workforce.

(iv) To motivate employees: When employees are remunerated adequately, it signals to them some sense of fairness which will increase their motivational level to increase commitment and productivity.

(v) Reduces Trade Union Agitations: When employees are adequately remunerated, it reduces the agitations of trade union in the organisation.

(vi) Provide economic security: When employees are adequately remunerated, it helps them to gain economic security because they make savings and also invest part of their salaries to cater for them during retirement.