HR Practice – Training and Development – Up-skilling the workforce.
Yes! We have hired a great employee. After investing all the time and effort in screening, salary negotiations and the entire gamut of related paperwork the question remains, what next?
Actually, the responsibility towards them and their development is just beginning.
At all organizations training and development is one of the most vital HR best practices to engage and up-skill all level of employees. It is often misconstrued as a cost center but is actually a vital arm of the HR function in the organization. Here I list the reasons why:
Importance of training and development:
To improve the current workforce, employees need to be trained in an immersive, implementation focused environment. The importance of training cannot be overlooked in this process and has a huge role to play in creating a productive and efficient work force. With technical skills being extremely volatile, the demand for training and upskilling in the current scenario is vital.
Training and development benefits for the employee:
An employee who has the required skills for the job is able to execute more efficiently. His turn around time for a given deliverable is greatly reduced. Confidence in his craft allows for a better quality of work life balance for the employee. This in turn provides the organization a productive employee satisfied with his job and seeking to master his skill due to his structured up skilling process.
Appreciation of Company’s vision, mission and values:
A Skilled employee is able to appreciate his role and proactively participate in the ideation process for the company. This comes from a deeper understanding of the vision of the company and his contribution and value addition to it.
Also as an added bonus this creates a loyal workforce and drops the attrition rate due to increased job satisfaction.
ROI of Training : An HR perspective
A skilled workforce works akin to a well-oiled machine. It provides a smoother workflow and ensures faster progress for the company.
By investing in training and development of employees a company creates a continuous pool of skilled workforce that can be fast tracked to leadership roles and opportunities and also helps create the right platform for future hires and ensure a more efficient in house skilled talent pipeline instead of over reliance on lateral hiring which can be cost intensive and comes with its own problems.
Given that training development is vital, HR managers play a huge role in ensuring mapping the future of the company and its workforce. Planning good holistic training programs provided by reliable training partners goes a long way in planning the next success story for the firm.