Benefits of training to the organisations:
(i) Increase productivity: Training and development helps in increasing productivity as it trains the employees in the areas where changes take place, due to changes in technology or way of working, it becomes important to teach them and thus leading to increased productivity and better quality.
(ii) Equipping the future managers: As training is provided to everyone, they can take up the role in the future, if required. Many a time, it becomes necessary for the employees to take up the role of another employee due to their absenteeism or they may be leaving the job. So it equips future managers so that they can take up the role in case of an emergency.
(iii) Increase in morale: Training and development help in improving the skills of the workers and when they learn various things, they feel confident. It equips them with various skills and knowledge. It also helps them to learn how to work with risky machinery and thus helps them to be safe. All these benefits of training and development help to increase the morale of employees which results in a reduction of employee turnover and absenteeism.
(iv) Adapting to the environment: Businesses cannot run in a stagnant environment. The environment keeps changing always and it is dynamic. To deal with this environment it becomes important to have different skills. These skills come from training and development. Due to the ever-changing technological environment, it becomes important to keep the employees updated.