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Every form of training is an opportunity to expand the base of knowledge. The advantage is limitless as you will see in this piece. Training ranges from acquiring soft skills(management skills, project management, sales training, etc.) to hard skills (Languages, programming, Machine operation, etc.).

While employees carry out tasks required of their designation, it leaves them with little or no time to gain further knowledge (while some continue to find ways to better themselves, the majority do not). Whatever product or service your company overs, it is obvious that the taste and choice of your customers change and varies. Therefore, your team needs to also to evolve to meet the requirements of your customers. Evolving involves growing in knowledge to meet the ever-changing needs of your target audience.

Thus, organizing training opportunities for your employees is not a waste of money or time. It is an investment. Henry Ford of the ford company once said: “the only thing worse than training your employees and having them leave is not training them and having them stay.” Investing in your employees is investing in your business. And here’s why:
Seamless transition:

Training helps your employees to seamlessly transit their skills to not just adapt but thrive in the changing market and consumers desires.
Increases productivity:

With less mistake, taking initiative, problem-solving. Training your staff ensures that they perform better, work efficiently and this of course results to increase in your productivity.

This is a product of increased productivity. Your staff is an extension of your company. They represent you everywhere they go and as such their actions or inactions reflects on peoples perception of your company.
New Technology:

As technology is always changing, it pays to keep your staff trained in all the latest innovations so that they, and your business, are not disadvantaged.

Organizing training for your staff members speaks good to them about one thing i.e. you care about their skill capability. It goes two ways, one, they feel they are getting away with more than they bargained for .i.e with more skills than they were employed with. And two, it leaves you the employer with satisfaction that your employees are able to carry out their duties and deliver the very best.
Reduced employee turnover

Staff is more likely to feel valued if they are invested in and therefore, less likely to change employers. Training and development are seen as additional company benefit. Recruitment costs, therefore, go down due to staff retention.