Capterra Glossary
Training and Development Programs
Training and development programs enhance the skills of employees. Businesses conduct these programs to help employees strengthen their existing skills or work on weaknesses. Examples include training in sales, marketing, or finance. Such programs can increase employee satisfaction and grow a business' bottom line.
What Small and Midsize Businesses Need to Know About Training and Development Programs
Training and development programs are critical for SMBs, as they enable businesses to upskill their employees and keep their workforce effective and competitive. These programs can be expensive, so SMBs with limited budgets should explore free learning management systems or other inexpensive alternatives, such a programs offered by a local chamber of commerce, community centers or libraries, or professional development departments of local universities or colleges.
Related Terms
- Big Data
- Attrition
- Software as a Service (SaaS)
- Furlough
- Intranet
- Business Intelligence (BI) Services
- Enterprise Resource Planning (ERP)
- Analytics and Business Intelligence (ABI)
- Security Orchestration, Automation and Response (SOAR)
- Identity and Access Management (IAM)
- Managed Service Provider (MSP)
- Advanced Clinical Research Information Systems (ACRIS)
- Business Analytics
- Augmented Reality (AR)
- Customer Relationship Management (CRM)
- Remote Work
- AMO (Application Management Outsourcing)
- Procurement
- Go-to-Market (GTM) Strategy
- MSO (Management Services Organization)