Reasons why Firms Train & Develop Their Employees
- Businesses need to make sure that new and existing staff are trained and developed appropriately
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- Training is the teaching of new skills
- Development is the improvement of existing skills
- A well-trained workforce is important for several reasons
- Well-trained staff are likely to be more productive
- Staff may feel valued if a business invests in training and development
- Staff are more likely to be flexible and resilient in the face of change
Reasons for training and development
- Well-trained employees are likely to be motivated because they recognise that their employer is spending money on their development
- Motivation theory suggests that employees work more enthusiastically at the things they’re good at
- if employees are trained in managing quality they are more likely to think about how to improve the standard of the goods they produce
- if employees are trained in managing quality they are more likely to think about how to improve the standard of the goods they produce
- If motivation is improved through better training labour retention is also likely to increase
- If an employee feels they’re becoming better at their job they are far more likely to stay with the business even if another employee is offering higher rates of pay because they want to keep developing in the job they have