EMPLOYEE TRAINING & RETENTION HOW TO AFFECT ON HRM

 

EMPLOYEE TRAINING & RETENTION HOW TO AFFECT ON HRM

Figure 1:Employee Retention source(Thematic paper,2018)



Introduction

Employee retention is extremely crucial in the current global context. The majority of businesses are evaluated based on their turnover rate. The rate of turnover has an impact on an organization's success. Low turnover guarantees that an organization's skilled employees are retained by providing them with a superior working environment, which improves individual employee performance. A few firms with a low turnover rate, such as SAS General Mills, SC Johnson & Sons, Intel, Meridian Health, and National Instruments, have a turnover rate of 3%. It means that large international corporations are keeping their employees while assuring that they perform well (Hassan, 2013). 

 

Why Training is Important for Organizations 

Intensive competitiveness among diverse businesses has forced corporate management to strategically coordinate its human resources to meet organizational goals over the years. Given the increasing complexity of the work environment, fast organizational change, and technological improvement, among other things, the need for training and development is clear (Anis, 2011). Training and development ensure that employees have the information and skills they need to do their jobs well, take on additional responsibilities, and adjust to changing circumstances.



                                                                             Figure 2: Training cycle



Relationship between training and retention rate

When a company improves its development programs, it makes employees feel more professional. They are empowered and confident in their ability to do any work that is assigned to them. The connection between management and employees is also improved by empowerment via training. As a result of all of these new advancements, the company's retention rates have grown (Weru, 2013). 

 

 

                                     Figure 3: Relationship between Retention Rate & Learning Circle.

 

Further, As a result of training and development opportunities, a positive feedback loop is established: the company's success and goal achievement rate rise as a result of better-trained workers. At employment, success promotes overall satisfaction. More commitment follows satisfaction (Al-sharafi, 2018).

Morale is the key to a company's enhanced production. Because training makes the employees feel appreciated and valued, they are more likely to have a favorable attitude toward their work, resulting in additional career opportunities. An employee with high morale looks more into going to work the next day.

 

 

Conclusion

Developing stronger staff retention is the first step in building a better organization. If the company does not continually train new employees, you won't be able to develop, enhance, or service your customers.

 

 

 

References

Al-sharafi, H., 2018. The Effect of Training and Career Development on Employees Retention. The Journal of Social Sciences Research, , Issue 2, pp. 420-430.

Anis, A., 2011. Employee retention relationship to training and development: A compensation perspective. African Journal of Business Management, 5(7), pp. 2679-2685.

Waleed Hassan, A. R. R. Q. R. J. &. S. S., 2013. The Effect of Training on Employee Retention. Global Journal of Management and Business Research Administration and Management, 13(6), pp. 2249-4588.

Weru, J. W., 2013. The Relationship between Training and Development on Performance of State-Owned Corporation. International Journal of Academic Research in Business and Social Sciences, 3(9).

Comments

  1. Niluke SirimannaMay 3, 2022 at 9:39 PM

    Although there is a cost involved with arranging staff trainings, both the employer and the employee will benefit. It is critical to identify and provide relevant trainings in order to boost performance and productivity. Staff capabilities will be developed, and they will actively complete job-related duties with increased efficiency levels. good one

    ReplyDelete
  2. Arjuna Medagama MBA #24May 4, 2022 at 4:40 AM

    Always there should be a proper training need analysis followed by the HR personnel. but there will be the huge costs involved at this point. but I agree that employees must be regularly trained in their jobs.

    ReplyDelete
  3. SureshMay 4, 2022 at 7:09 AM

    "Train people well enough so they can leave. Treat them well enough so they don't want to"- Sir. Richard Branson

    ReplyDelete
  4. Tharindu L BandaraMay 4, 2022 at 8:03 AM

    Hi, I see correct EMPLOYEE TRAINING as a key factor influencing the growth of an organization. It is also important to retain employees in an organization for a longer period of time. You have well explained its importance. All the best!

    ReplyDelete
  5. H.M.W.IRESHA MBA24May 4, 2022 at 8:16 AM

    Thank you very much Tharindu,

    ReplyDelete
  6. Venushka BandaranayakeMay 7, 2022 at 4:51 AM

    Very good article on the effects of employee training and Retention on HRM. It is a key responsibility of HR to provide suitable training and development opportunities to staff to enhance their skills and knowledge. Good luck.

    ReplyDelete

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