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Training and development for employees are crucial for enhancing skills, improving performance, and driving business success. 70% of employees say that training opportunities impact their decision to stay with a company. As India’s corporate training market is expected to reach INR 2,500 crore by 2025, businesses must prioritise upskilling to remain competitive and retain top talent.
Karan Shah
Founder and CEO at IIDE
Updated on: Jan 16, 2025
Training and development enhance employees' skills, productivity, and job satisfaction, ultimately contributing to the overall success of the business.
Effective training programs equip employees with the necessary skills and knowledge, leading to increased productivity and efficiency in their roles.
Common types include on-the-job training, online courses, workshops, seminars, and mentoring programs.
Regular training, ideally quarterly or semi-annually, helps employees stay updated with industry trends and enhances their skill sets.
Investing in employee development leads to improved performance, higher job satisfaction, reduced turnover, and better employee engagement.
Providing development opportunities shows employees that the company values their growth, leading to higher retention rates and reduced turnover.
Management plays a crucial role by identifying training needs, supporting learning initiatives, and encouraging continuous skill development among employees.
Founder and CEO at IIDE
Karan Shah is the Founder and CEO of IIDE – The Digital School, Asia’s premier digital marketing institute. With over ten years of hands-on experience in the digital marketing industry, Karan has played a pivotal role in empowering thousands of students to forge successful careers in this ever-evolving field.
His vast expertise encompasses various areas such as paid search, social media marketing, programmatic marketing, and much more. Karan's passion for education, teaching, and public speaking led him to establish IIDE, where he offers world-class digital marketing education designed to meet industry standards.
To date, he has trained over 60,000 students and worked with more than 25 corporates, sharing his knowledge through both online and offline platforms. A Harvard Business School alumnus with a specialisation in E-commerce, Karan is also an accomplished Tedx speaker. His industry insights and teaching excellence have earned him a prestigious role as a visiting faculty member at India’s top management institutes, including the Indian Institutes of Management (IIMs).