The document discusses the importance of training and development in human resources. It notes that training equips employees with skills, engages and retains employees, and helps companies gain a competitive advantage. It also discusses challenges from globalization, the rise of knowledge workers, the need for companies to adapt, and managing a diverse and aging workforce. New technologies have changed training delivery but also create engagement challenges. The document outlines best practices in training measurement, support from leadership, and competencies for professionals in the training field.