Commercial Applications
Explain need and the importance of Training.
Recruitment
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Answer
Training is necessary and useful for both employers and employees. A trained workforce is a very valuable asset to an organisation. Training enables employees to obtain security of job, higher earnings, and quick promotions. The need and importance of training are as under:
Increased Productivity — Training helps to improve the quantity and quality of work performance. Well-trained employees produce more and better quality goods, leading to higher organisational output.
Better Utilisation of Resources — Through training, employees learn new and better methods of doing jobs. They make better use of materials and machinery. As a result, wastage of resources and cost of production are reduced.
Better Safety — Training helps to improve the job knowledge and skills of employees. Trained employees operate machines and equipment more carefully and cause fewer accidents at the workplace.
Less Supervision — Well-trained employees are less dependent on supervision. They are more disciplined, self-dependent, and responsible. Therefore, the need and cost of supervision are reduced.
Higher Morale — Effective training improves the self-confidence and job satisfaction of employees. They take greater interest in their work and feel a sense of security. Their chances of promotion also increase, leading to faster career progress.
Reduced Turnover and Absenteeism — As trained employees feel more satisfied and interested in their jobs, labour turnover and absenteeism are reduced.
Expansion and Growth — With the help of trained staff, an enterprise can expand and grow easily and rapidly. Loss of a few employees does not threaten its survival.
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Related Questions
A new company wants to train its employees on latest development in work method and procedures. Explain any two types of training suitable for existing employees.
CASE STUDY
Julian Richer (born 1959) is the Managing Director and founder of Richer Sounds, a hi-fi and home cinema retailer specialising in audio equipment such as LCD televisions, DVD players and amplifiers.
In 1978, aged just nineteen, Richer opened his first store in London Bridge. The company has 53 retail outlets throughout the UK. In 1994, his flagship store in London Bridge set a new Guinness World Record for the highest sales per square meter of any retail outlets in the world- a staggering £195426 (
Richer believes it is vital that his staff have fun and enjoy their work. He is renowned for empowering staff to make a difference to the company. Each week, he looks at employee suggestions and awards up to £20,000 (33,000) for an idea. Each month, the top three salespeople get to use his personal Bentley or Rolls-Royce for a weekend. He only promotes people internally. Richer argues that businesses with demotivated staff face lower productivity due to higher absenteeism, labour turnover, theft and customer complaints.
[Sources:
www.richersounds.co.uk,www.richerstudentszone.co.ukand The Richer Way, By Julian Richer]With reference to the above case study answer the following questions:
(i) Examine how motivation can lead to improved productivity of his Organisation.
(ii) With reference to features of Human Resource Management, explain:
(a) Staff function
(b) Pervasive function
(iii) What are the advantages of internal sources of recruitment?
Describe the five various internal sources of recruitment.
CASE STUDY
British carmaker MG has confirmed the launch of a new affordable Electric Vehicle (EV) in India in the first half of 2023. The brand also revealed that this newly developed EV will come with an affordable price tag of around Rs 7-8 lakh.
Although the firm has not yet disclosed the details of the EV's body style, this new pure-electric offering will most probably compete against the Tata Nexon EV. Besides this, the MG's upcoming EV will utilise a new platform and could offer a sub-300 km of travel range on a single charge.
MG Motor has also announced that it will invest in nurturing young talents through its initiatives like the MG Nurture program. The carmaker plans to collaborate with 50 institutes through the program to train one lakh students on the latest technologies regarding EVs.
Electric cars produce zero exhaust emissions, which means they do not emit any harmful exhaust gases into the air. This can benefit the environment as exhaust gases can negatively impact various health conditions and also have an impact on climate change. EVs are more efficient, and that combined with the electricity cost is cheaper than filling petrol or diesel for your travel requirements. Using renewable energy sources can make the use of EVs more eco-friendly. They mainly reduce noise levels which are hazardous to human health.
Source:
auto.hindustantimes.comWith reference to the case study answer the following question:
Which type of training can be undertaken by MG Motors to train its employees? Briefly explain.