Question: Reply to Tara Coombs s reply, Hello Class, Training and development are important for sustaining a competitive edge, encouraging employee growth, and providing long -

Reply to Tara Coombss reply, Hello Class,
Training and development are important for sustaining a competitive edge, encouraging employee growth, and providing long-term organizational success. While determining the return on investment (ROI) for training programs can be difficult, the advantages frequently outweigh the costs by improving employee performance, increasing job satisfaction, and lowering turnover rates. Effective training delivery methods include instructor-led training (ILT), e-learning, blended learning, on-the-job training (OJT), and mentorship. ILT provides real-time feedback and is appropriate for complicated topics. E-learning offers flexibility and accessibility but can lack interactions. Blended learning combines the benefits of ILT with e-learning, providing an extensive range of learning preferences (Noe et al.,2021). OJT is practical and cost-effective, yet it may disturb everyday operations. Mentorship promotes individualized development and is time-consuming (Merli,2011). Implementing a strategic training plan to improve performance and productivity includes promoting employee engagement and retention, increasing creativity and competitiveness, and creating leaders. These outcomes result in greater income, cost savings, risk reduction, and improved company reputation (Arms,2012). Properly trained employees are inclined to perform better and provide innovative concepts, allowing the organization to keep its competitive edge. Providing opportunities for development increases employee satisfaction and loyalty, which reduces turnover rates.
Arms, R.(2012). Effective Learning and Development Programs Are Crucial. Strategic Finance.
Merli, F.(2011). Effective Training for Adult Learners. Professional Safety
Noe, R. A., Hollenbeck, J. R., & Wright, P. M.(2021). Human resource management: Gaining a competitive advantage (12th ed.). McGraw-Hill/Irwin

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