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Training should be regarded as one of the key elements in staff development and retention. It should be given on periodic basis with keeping in mind employees perceived leadership role in future. It rewards immensely towards the profitability of the overall organization. After all, businesses are run by people and companies should invest in training as part of an overall investment on an employee.
Training and coaching are still useful as skill development and more so as refresher of the already acquired skills.
Dear Mr. Irphan, this is one of the possible way to retain and groom employees with organization but now the shift has been changing. Due to arrival of IT and various platforms employees are getting up to date with latest techniques to boost their performance and now the coaching side is not only link with organizational interventions and now Our Development is mainly Our Responsibility. Yes we need to arrange refreshers too to revive the concept but since completion is tough and every company is not in position to arrange such big sessions so employees need to work out by themselves to keep them skillful.
training and refresher courses are the regular task any good organisation perform to improve the performance of its human resourse.