In this world of competitive business, there is no spare time to waste. As the saying goes, “Time and tide wait for no man” everybody should be competent and updated with new technology. The main goal of the organization is profit maximization which can be achieved through investing a small amount on human capital. Every organization requires employees with assets such as knowledge, skills, and personality attributes, thus training is not a waste of time and money, as it produces economic value in return.
Today’s organizations are more likely to recruit those people who are experienced and qualified. Some organizations believe that it’s the individual’s responsibility to get trained, be certified, and upgrade themselves. Therefore, they do not invest in employee training. In addition, training consumes a lot of time for both the manager and employees, which the organization sees as a loss of productivity due to the delay of the task. On the other hand, not investing in employee training can create a skill gap and produce inefficiency in the workplace, this consequence can cost the company more than investing in the training itself.
Furthermore, if we spend a huge amount of money on employees' training and development but the employees rather than taking it as an opportunity, they take it as a burden and forced responsibility. In this case, the training cannot be effective. It takes time to implement the training. Therefore, to be in the safe zone organization invest in finding the right skilled employee for the position rather than on training. However, this has its own flaws rather than this organization should take advantage of the services of management and consultancy firm to guarantee a successful training program and implementation.
Even with the potential disadvantage, employee training provides both the individual and organization benefits. Training tackles the weaknesses of the individual which will address the skill gap within the organization that would increase the overall productivity and quality of the organization. This can improve company efficiency, turnover, and hold a competitive advantage position in the industry. Resulting in a successful reputation and financial gain.
In conclusion, the return investment in employee training is worthwhile. The opportunity and benefits of training for organization demonstrates how vital it is to invest and provide training to all their employees. The result of a successful reputation and financial gain demonstrate how employee training is not a waste of time and money.