The importance of Training & Development to an Organization

Now a day's in the global environment Training and Development is becoming very important when compared to previous time. As companies keep fighting cost reduction, they need to preserve competitive performance and distinguish the corporation from its rivals (Lancer, 2016). Training and development agree with employees to gain new knowledge and skills and to become more efficient and productive organization. However, if the accessibility of the necessary resources proves to be a challenge for the learners, their motivation and learning might be hindered (Johnson & Helms, 2008).

Figure 1.0: Importance of T&D

Source:content.wisestep, n.d.

The research carried out by Sultana (2013) described the importance of training practice and the influence of training on staff. Employees play a vital part in any business. HRM is an important training instrument. In this study, She explores the growing learning of training. In this research, she states that training plays a significant role in increasing employee performance and efficiency and also in increasing employee skills. Employees are a significant source for any organization. It depends on the worker's performance for the achievement and failure of any organization. What's more, the success and unhappiness of an association depend heavily on the representatives' implementation and productivity.

Imbulana (2013) carried out research in the field of telecom sector Srilanka. This study has the main purpose to find out how training and development have an impact on employee performance. This study examines the worthy of T&D. The principal study of this research is there a good relationship between training and development. T&D's contribution to every workplace is very positive. It improves the quality of the work, it increases the productivity and effectiveness of the organization. Now a day to go Training and development practically apply in every Enterprise.

Video 1.0 gives a brief insight into the importance of training and development of employees in an organization.

Video 1.0: Why Training and Development matters

Source: Expand Learning, 2017

Also, the study supports the determinants of the quality of pharmaceutical industry employees focused on Hemas employees engaged in Sri Lanka, mainly from the perspective of both the company and the employees (Malvi, 2007).In the Hemas Pharmaceuticals, the organization where I’m working has given a description of the importance of training and development.

Figure 2.0: Hemas Pharmaceuticals Logo

Source: hemashealthcare, n.d.

It's because everyone wants increased efficiency in today's marketplace, better performance – This is a bigger piece of the pie. Yet practically everyone finds this increasingly difficult to succeed. May have increased the sheer number of competitors. Possibly increasing pressure on prices is impacting the purchasing decision of the customers. The market might mature, or the technology might aging. So, unless the product or service is the only one of its kind, we're looking for an edge, and an advantage – something special from the big contest and training is one of the strongest tools to create a specialty through (Hemas Pharmaceuticals, 2019).

In Hemas Pharmaceuticals it has a separate wing under the Human Resources Department headed by a Manager for proper and effective training of its employees. This wing is called 'Development and Training Wing for Human Resources. Its primary concern is sales and medical representatives and executives training and development. This wing conducts some training (such as field forces training) directly, and it is also responsible for coordinating all other training such as in-house, out-patient, or overseas training. This increasingly main point of view should be helpful in reviewing current efforts just as well as in making arrangements for what is to come (Gamage & Sadoi, 2008).

List of References

Gamage, M. P., &Imbulana, M. L. (2013). Training and Development and Performance of Employees. International Journal of Marketing, Financial Services & Management Research, 12-24.

Gamage, A., & Sadoi, Y. (2008). Determinants of Training and Development Practices in SMEs: A Case of Japanese Manufacturing Firms. Sri Lankan Journal of Human Resource Management, 47-65.

Hemas Pharmaceuticals, 2019, Annual Conference-Pharmaceutical Distributor: Healthcare Sri Lanka- Delegates booklet

Isabel Barba Aragon a & Raquel Sanz Valle. 
+The International Journal of Human Resource Management 24(8) • April 2013.

Johnson, L. A., & Helms, M. M. (2008). Keeping it local: Incorporating a local case study in the

business curriculum. Education and Training, 50, 315-328.

Lancer, N,. (2016). Techniques for coaching and mentoring. [Online] Available at. https://www.hr.com/en/communities/training_and_development/list-of training methods_ eacwezdm. html [Accessed: 21 May 2020].

Sultana, M. (2013). Impact of Training in Pharmaceutical Industry. International Journal of Science and Research (Ijser), 576-587.