Benefits of Training

Benefits of Training

(i) Benefits to the Organization

(i) It improves the skill of employees and enhances productivity and profitability of the entity.

(ii) It reduces wastages of materials and idle time

(iii) It exposes employees to latest trends.

(iv) It minimizes the time for supervision.

(v) It reduces the frequency of accidents at workplace and consequent compensation payment.

(vi) It reduces labour turnover of employee

(vii) It improves union and management relation.

(ii) Benefits to the Employees

(i) It adds to the knowledge skill and competency of employee

(ii) It enables him to gain promotion or achieve career advancement in quick time.

(iii) It improves the employees productivity

(iv) It enhances the morale of the employee.

(v) Employees get higher earnings through incentives and rewards.

(vi) It builds up the confidence of employee by changing his attitude positively towards to work

It enables him to observe safety practices voluntarily during his engagement in dangerous operation

(iii) Benefits of Customer

(i) Customers get better quality of product/ service.

(ii) Customers get innovative products or

value added or feature rich products.

Key words

Vestibule, training, Mentoring, Job instruction, Field trip, Demonstration, E learning, Off the job training, On the job training,

Case Study

Hemalatha is the MD of Aravindh Textile manufacturing company. Her company produces textiles which has a good sales record in Indian marketas well as foreign market. Hemalatha plans to buy new tech machineries for his company. But she first decides to give a training program to his employees about the new machineries.

i) What kind of training program should she provide to his employees and

ii) What are the benefits does the employees gain from that training program.

PMKVY?

Pradhan mantra Kaushal Vikas Yojana is a unique initiative by the Government of India that aims to offer 24 lakh Indian Youth meaningful ,industry relevant skill based training. Under this scheme, the trainees will be offered a financial reward and a government certification on successful completion of training and assessment, which will help them in securing a job for a better future. ICA (Infotech Private Ltd.) offers skill based training, under this initiative ,in the following sectors:

Agriculture

Apparel, Maufacturing Made Ups and Furnishing

Leather products

Media and Entertainment

Handicrafts

Telecom

“Success is 80% Attitude and 20% aptitude” (Funmiwale – Adegbite)