University:
College
Course:
College Economics
Academic year:

2023
Views:

18

Pages:

3
Author:

anon

Training Training is the process through which employees learn the knowledge and skills needed to do their job well. Advantages of Training Increase motivation and productivity of employees Higher productivity gives the company a competitive edge It gives a good image of the company to the public More ideas from employees New skills are acquired Better job opportunities for employees internally and externally Types of training Induction ❖ Introduces employees to the business ❖ Ensures new employees are prepared for the job Advantages ❖ Employees are quickly productive ❖ Good first impressions Disadvantages ❖ Expensive ❖ New employees not on job for a few days On the job ❖ Trying it for yourself physically, teaching while doing ❖ Assures employee can perform all aspects of the job Advantages ❖ Specific to job ❖ Easy to organize and to understand ❖ Cost effective Disadvantages ❖ Disrupts normal business activity, experienced workers have to spend time to teach ❖ Trainer must be experienced and have the required skills Off the job ❖ Getting taught verbally, off site ❖ use to give employees skills for current and future roles/jobs Advantages ❖ Specialized and focused ❖ No workplace distractions ❖ Good place for employees to exchange ideas Disadvantages ❖ Skills acquired may not be applicable to current job ❖ Expensive ❖ Employees do not gain personal experience (do not try it themselves physically) Impacts of not training ❖ Low productivity ❖ High recruitment costs ❖ Low morale- Absentees – Higher staff turnover ❖ Safety issues ❖ No new skills and ideas ❖ Company loses competitive edge