Training and development describe the formal, ongoing efforts that are made within organizations to improve the performance and self-fulfillment of their employees through a variety of educational methods and programs. 

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Implementation of formal training and development programs offers several potential advantages to small businesses. Training helps companies:

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• Create pools of qualified replacements for employees

• Ensure that companies will have resources to support business growth

• Utilize advanced technology and adapt to a competitive environment

• Improve employees' efficiency and motivation

• Reduce turnover

• Minimize need for supervision

• Improve employee morale