Training and development in Human Resource Management (HRM) focuses on enhancing employees' skills, knowledge, and competencies through structured and strategic programs. These initiatives aim to improve overall job performance, foster career growth, and empower employees to take on new challenges. By aligning employee capabilities with the organization's objectives, HRM ensures that the workforce is prepared to meet evolving business needs. Effective training contributes to employee satisfaction, retention, and productivity, ultimately supporting long-term organizational success.
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Incentives are strategies used to motivate and enhance employee performance, and they can be broadly categorized into financial and non-financial types. Financial incentives include bonuses, profit-sharing, and commission structures that directly reward employees for achieving specific targets or sales goals. Non-financial incentives encompass recognition programs, professional development opportunities, flexible work arrangements, and enhanced work-life balance initiatives. These incentives aim to boost morale and job satisfaction. Additionally, intrinsic incentives, such as a sense of achie