The key gains for a business using Training and development are increased productivity, less supervision, job satisfaction, skill development and career enhancement. The competitive market demands the quality product at a low cost, which can be enabled by a business that can deliver the best of the market expectations by the specification in a competitive atmosphere. Thus, training has a very high impact on such process which may include the addition of new technology adoption. The skill training to operate such machinery and have consistency in quality output at the lowest possible cost, which is a total for enhanced productivity is achieved with a strategic T&D initiative.
The organization benefits in such case in a competitive market to keep the cost low for its products, so that they may get the best out of employees. The learning makes the people aware of the achievements and the wants of the business which may also initiate a series of innovation which is productive and useful for the business. The strategic benefits of T&D are immense when seen from this perspective(Kashmir Observer, 2016).
Honda could produce the best of automobile engineers and designers in the process of the Training and development where it has given individual attention to the employees to get the best abilities of them to develop and foster. The business has developed two different set of business in the same sector which involves small family car segment while the other one is power driven vehicles used for sports. Both the activities or production is done on the same floor and the employees are sufficiently trained for both the car manufacturing jobs. Therefore, it has developed multi-skilled employees and have trained them with a proper planning and development purpose taking the best practices of the industry to have multi-skilled people in their scope for best production and low cost outputs.
When personnel is properly trained, they will perform by the policy and process which is standard operating procedure in the production line, thus the need for supervision is reduced, and empowerment of employees is also attained with the addition of such T&D aspect in business. The enhanced knowledge which gives the people an idea about the business increases their job satisfaction as they know what they are going to get by doing what. However, the management has to be clear about its objectives so that people knows what is the importance of their contribution to the business. T&D tries to implement the factors of job satisfaction in business process which directly benefits the people in the business. The skill development is the aspect that is key point for the T&D activities. Where the businesses do everything to make the people attain those skills, which are beneficial for them and attain a skilled workforce which is competent to take up any challenge as projected by the market (Messas, 2011).