The benefits of training and development to an organisation are as follows:
(i) Training is a systematic learning, always better than, hit and trial methods, which lead to wastage of efforts and money.
(ii) It enhances employee productivity both in terms of quantity and quality and leading to higher profits.
(iii) Training equips the future manager, who can takeover in case of emergency.
(iv) Training increases employee morale, reduces absenteeism and employee turnover.
(v) It helps in obtaining effective response to fast changing environment.