Infosys Technologies has created Infosys University, one of the largest training centers in the world, to train new employees. The former CEO of Infosys said companies don't invest enough in training their people, who are their most important capital.
Training involves imparting specific skills for a particular job in the short term, while development is a long-term process of learning conceptual and theoretical knowledge to increase potential for future roles.
Setting up effective training and development programs involves assessing needs, identifying areas for training, designing programs, and evaluating outcomes. Companies must select appropriate training methods based on factors like the trainees' level and needs, and the availability of trainers, finances, and time.