Question

Importance of training and development and compensation strategies

Answer 1

General Benefits from Employee Training and Development

• Increased job satisfaction and morale among employees.
• Increased employee motivation.
• Increased efficiencies in processes, resulting in financial gain.
• Increased capacity to adopt new technologies and methods.
• Increased innovation in strategies and products.

Answer 2

Explanation:

Training programs boost employee satisfaction and improve employee retention.

• Employees feel their value to a company where employee education is promoted.

• Finally, ongoing training opportunities can be publicized since they are an important perk in a company's compensation programs.