Training and development is an important aspect of the human resource development. It plays a crucial role in understanding the ever-increasing levels of competition and customer expectations which have risen owing to technological advancements. It also sheds light on the subsequent need to lower costs. It has become essential globally to prepare employees for new jobs.

Why are Training and Development Needed?
While yes, technology is responsible for the increased need for training, but several other factors contribute to the same. Training also contributes to the progress and individual development of employees. It motivates them to work for reasons other than money. Training is also necessary when it comes to updating employees of the latest market trends, the change in the employment policies and various other things.

The following are the two most prominent reasons why training and development in organisations are an absolute must:

1. Change: This is one of the most significant reasons why training is needed. There is, in fact, a direct relationship between the two. Since change leads to the need for training and development and training and development lead to both organisational and individual change, there is a direct relationship between the two. To be more specific, the need is being driven by technology; changing the way businesses and the market functions, competes and delivers.
2. Development: We all know that money is not the sole motivator at the workplace, especially in today’s day and age. People today are looking at a deeper sense fulfilment and more than just employment out of their work. Most people are looking at a holistic self-development. The concepts of self-awareness and spirituality have become largely important over the years. The happiness people seek at work might not be possible to achieve unless an individual is self-aware. Therefore, a lot of companies today offer ‘self-awareness’ programs, which although seem inconsequential to an individual’s performance at work, they contribute largely to the person’s spiritual well-being.

Therefore, to take the lead in the market, an organisation will need to provide training programs that help in the betterment of their employees’ performance and productivity while also enriching their overall wellbeing.