Employee training- benefits & costs

Introduction

Employee training is the process of equipping all employees with the necessary skills, knowledge, and expertise to perform their job tasks to the required standard set by the organisation. It includes both initial training for new employees (induction) and ongoing skill development throughout their careers.

Benefits of Employee Training

• Well-trained employees are less likely to make mistakes in their work, leading to improved product and service quality.
• Training enhances employees' awareness of safety procedures and practices, reducing the likelihood of accidents and injuries.
• Ongoing training helps employees acquire technical, personal, or management skills, making them more efficient in their roles.
• Training and development contribute to the personal growth and career advancement of employees, leading to higher job satisfaction and retention.

Costs of Employee Training

• Providing training can be expensive, as it may involve hiring trainers, purchasing training materials, or sending employees to external training programs.
• Employees undergoing training may need to take time away from their regular job duties, leading to potential productivity losses.
• Some skills may require an extended period to develop, and the organisation must be prepared for the time investment.
• If employees are absent for training, the organisation may need to hire temporary staff or redistribute workloads, incurring additional costs.

Employee training is an essential investment for organisations, as it leads to improved quality, safety, efficiency, and employee development. While it involves costs, the long-term benefits in terms of enhanced performance and employee satisfaction often outweigh these expenses.