Corporate Smarts & Insight

	“Today’s business environment calls for optimum utilization of company’s basic resources namely Human, Financial, Equipment and Time Resources. Competent Human Resources (employees) are the most important asset in the quest to achieving competitive advantage. Consequently retaining and motivating employees through training is an essential element of any management programme. When funds are low, the training budget is the first to go, yet increased productivity and employees’ personal development are some of the benefits of training. Most training programmes stress on transforming organizations to learning institutions to shore up employee efficiency and enable them take up more responsibility as it enables them to work smarter and prepare them for leadership positions. This in return enables the company be more competitive in the labour market and improve performance leading to more profitability.
	An elaborate strategic plan with emphasis on training programme not only contributes to the development of a firm’s skill bank but also instills confidence in employees as training helps in optimizing utilization of human resource and achievement of organizational goals.
	Training and motivation either short term or long term in any field increases employee efficiencies in processes, leading to financial gains, time and equipment management, as employees feel more valued and appreciated when offered such training opportunities. Human resource experts say organizations that offer quality training attract quality employees and motivate them to increase their performance.
	Training reduces employee turnover as people choose to work with organizations that facilitate professional development. Most employees are likely to stay longer in organizations that provide opportunities for development.
	At some point, employees outgrow an organization and want to move to a position with more responsibilities which necessitates employers to conduct a thorough needs analysis before the training to ensure organization’s needs and objectives can be achieved.”