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DEVELOPMENT:
1) Management Development activities attempt to instill sound reasoning process to enhance one's ability to understand and interpret knowledge.
Development: It shapes attitude- overall growth Long term perspective Career centered Internally motivated for self development
WHY T&D
No one is a perfect fit at the time of hiring and some training and development must take place. Planned development programs will return values to the organization in terms of : Increased productivity Reduced cost Morale Flexibility to adapt to changing requirements Moulds employees attitude Helps them achieve better co-operation Creates greater loyalty to the organization Reduces wastage and spoilage Improves quality
Individuals: improve job skills and knowledge, performance and job satisfaction Organization: productivity, reduced turnover and absenteeism