Training your employees do have a significant role in modern business era. Not just to equip them with latest tools your company has implemented, there is a lot more to it.I have sorted down them in a list. This is a must read if you employ or mean to employ in future atleast one person.

1. Rapid technological innovations impacting the workplace have made it necessary for people to consistently update their knowledge and skills
2. People have to work in multidimensional areas , which usually demand far more from their area of specialisation.
3. Change in the style of management.
4. Due to non-practical collage education.
5. Lack of proper and scientific selection procedure.
6. For career advancement.
7. For higher motivation and productivity.
8. To make the job challenging and interesting
9. For self and development
10. For employee motivation and retention
11. To improve organisational climate
12. Prevention of obsolescence
13. To help an organisation to fulfil its future manpower needs.
14. To keep in pace with times
15. To bridge gap between skills requirement and skills availability
16. For survival and growth of organisation and nation