The process of employee training and development, conducted periodically by companies, aims to enhance the efficiency of their workforce and better align them with ongoing updates in the labor market. It is more like professional advancement but at the level of skills rather than job titles. Through this process, employees transition from a certain level to a higher one that is more specialized and professional.
It is considered a strategic process, where both time and available competencies are utilized to develop the working human resources and promote them to a higher level of improvement and effectiveness. However, if you own a professional company and aim to attract skilled human resources, your chance increases by a rate of 30% to 40% if you possess a high culture of employee training and development. Nevertheless, if you do not have this culture and attribute, it to employees as a form of self-learning, you increase the likelihood of your employees leaving their positions by 70%. If they are millennials, then the percentage would rise to 86%. Such percentages make you wonder about the significant impact that the process of employee training and development has, and the significance that process offers to the labor market.
