In the previous lecture, you saw why talent development is important for employers. But talent development is not just important for the employees, it's equally important for the organization as well. Let's see how it helps in running a business smoothly. First, it increases productivity. trained and developed employees perform better in terms of quantity and quality, which increases the overall productivity of an organization. It reduces cost.

Talent development process helps in making the employees more capable and they make the best use of resources without wasting them. This helps in reducing expenses which is great for an organization in saving costs. staying ahead of competitors or beating the competition. When a company has talented workforce, it can deliver better in the industry and stay ahead from its competitors. A talent talent workforce is an asset for the company the chance to stay ahead of all the competitors. Creating leaders talent development process helps in preparing managers for the future.

The talent development process helps the employees to take more challenging roles and positions in the future or in case of emergencies. This helps to prepare the employees to take up managerial position or those positions which involve direction or leadership roles in the future and also when there are emergencies. Next is reduces attrition when workforces provided proper training, they have more satisfaction towards their jobs and there is less chance of leaving job. This helps in reducing employee turnover rate or attrition rate simply works on the concept that when someone is satisfied with the workplace and its benefits, he's not going to leave it. So, now, you can understand why done development is so important for a business organization. Please head to the next lecture where we will look at the look at the part where the talent development process is shown.