This change calls for effective and competent employees who can innovative and sustain those innovations through their abilities and respond to the changing environment in a favorable manner. As such, training and development form the cornerstone of success for both the employee’s and the organization’s career. Training in simple words is a tool which aims at enhancing the current knowledge, skill set, abilities and competencies of people to achieve some specific outcomes. Built around specific result expectation, it takes the form of an organized activity with structured and successive stages in between which tend to impart technical, managerial, and inter-personal and such other know-how to the employees. Overall, such skills enable a candidate to better his /her performance through the careful decision making and analysis capabilities. In the words of Flippo, training is the act of increasing the knowledge and skills of an employee for doing a particular job. The planned and strategic training program at work results in the creation of intellectual capital which often supplies a competitive advantage to organizations (Noe 2010). With human resources shifting its focus from traditional to the strategic viewpoint, need and rationale for training at work puts on greater numbers. Globalization, competition, productivity, quality, cost effectiveness and a lot more have made the training platform more complicated and urgent too (Blanchard amp. Thacker 2004:117). The foremost concern is to strike a balance between proactive and reactive training measures to be adopted in response to market forces. Factors creating urgency in the rationale of training are: Technology can spell success or failure for an organization and this depends upon how competent and skilled the workforce is in handling the technology and also getting adapted to the fast-paced changes taking place. Globalization rests on the continuous development in technology and it automatically calls for a proportionate increase in the technical know-how of the process and machine owners (Pynes 2008:283).
Employee Training and Development Reasons and Benefits