Employee training and development refers to the continued efforts of a company to boost the performance of its employees. Companies aim to train and develop employees by using an array of educational methods and programs. In the past few years, training and development have emerged as a crucial element of strategy.
Even though the terms “training” and “development” are used interchangeably, there are a couple of differences between these two concepts. The differences lie in relation to the scope of their applications. Essentially, a training program comes with very precise and measurable goals, such as, learning how to perform a particular procedure with accuracy or how to operate a piece of machinery.
On the contrary, a developmental program centers on acquiring broader skills that can be applied in a wide range of situations. These include skills such as decision-making, communication, and leadership.
Benefits of Employee Training and Development
Addressing weaknesses for improvement
Improved performance of employees
Boosts company profile and reputation
Innovation
Common Training Methods for Employee Training and Development
Orientations
Lectures
Computer-based Training (CBT)
Knowledge and skills are crucial to every company nowadays. Firms are evaluated based on their physical structure and intellectual capital. The easiest way to develop and improve a firm’s intellectual capital is to conduct regular training and development programs.
Also, supporting untrained employees costs the organization more than it would if the company employed well-trained individuals. Other perks of employee training and development include improvements in employee performance, boosting company reputation, and addressing weak links in the organization.