Training & Development
The more money an organization spends on employee training and development, the greater the concern that the highly skilled people will leave and take their knowledge somewhere else; however, research has shown that employee training actually reduces turnover and absenteeism. Technically, training entails a change in a person’s attitude, abilities, or knowledge, as well as an improvement in their behaviour. Training must be a planned activity carried out after a comprehensive requirement analysis and targeted at certain abilities, and it must also be carried out in a learning environment.
Typically, companies plan their training calendars at the start of the fiscal year, when their workers’ training needs are recognised. The performance assessment process includes identifying training needs, which is referred to as “training requirement analysis.” Following a need analysis, the amount of training hours as well as the training intervention are determined and distributed strategically over the next year.