CBSE Class 12 Business Studies 2019 Delhi set 1

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Question : 35
Total: 40
Nisha Sethi was working as a Human Resource Manager in a famous consultancy firm KLI Global Services. Her job included preparing job descriptions, recruitment, developing compensation and incentive plans and facilitating employee learning. They had entered into alliances with institutes to ensure continuous learning of their employees. With the jobs becoming more and more complex, KLI Global Services invested large amount of money in making the employees learn the skills necessary to complete the jobs.
State by giving any five points, how this investment is likely to benefit the orgnisation.
Solution:  
The process of making the employees learn the skills necessary to complete the job is called as training. The following points highlights the benefits of training to the organisation :
(i) It 'avoids wastage of effort and money' as training is systematic learning, better than hit and trial methods.
(ii) It equips the future manager to take over in an emergency.
(iii) It 'enhances employee productivity' both in terms of quantity and quality which leads to higher profits.
(iv) Effective training helps the organisation and its employees to adapt quickly and 'obtain an effective response' to a changing technological and economical environments.
(v) It 'increases employees morale' and reduces absenteeism and employee turnover.
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