XYZ Enterprises, a medium-sized manufacturing company, has been operating for several years without a formal training and development policy in place. The company's management has mainly focused on day-to-day operations and meeting production targets, neglecting the importance of investing in their employees' skills and growth. Due to the absence of a training and development policy, employees often struggle to acquire new skills and knowledge necessary for career advancement. There is a noticeable gap between the skills required for the company's evolving needs and the competencies possessed by the workforce. As a result, employee morale and motivation have declined, leading to increased turnover rates and a lack of enthusiasm in the workplace. Case designed for this Assessment. Required: Propose the key benefits and long-term advantages of implementing a robust training and development policy for XYZ Enterprises. (12 marks)