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• W1041144218 abstract "AbstractTraining and development provide employees required knowledge, skills and abilities to do a job. The present study deals with employee's perception of effectiveness of the training and development system in private banking sector. A sample of 123 respondents working in 10 private sector banks is drawn using simple random sampling method. The primary data is collected from the sample respondents using a structured questionnaire. The data is analyzed using chi-square test and correlation. The results revealed that effectiveness of training and development system in private sector banks increases with training motivation, good training design, training implementation, effective learning and transfer of learning to work place. Effective training and development in turn increase productivity that justifies the investment in training and development.Keywords: Effectiveness, training, development, private sector banks.IntroductionCompetent human resources are considered to be the assets of the organization as they create value for the organization. If an organization's greatest asset is its people, then the development of this asset is critical to the continued health of the organization. Training and development play a key role in equipping the employees with necessary skills, knowledge and attitude thereby facilitates talent development. Training and development ultimately upgrade not only the performance graph of employees but also of the organization. Now-a-days, the organizations consider the resources spent on training and development as investment because it can generate good returns for the organization in terms of increased productivity. What is required from the organizations is to ensure that training and development programs are effective in order to produce desired results. Employees should also feel that the training and development programs are contributing positively and helping them to improve the performance.The tempo of development for the Indian banking industry has been remarkable over the past decade. It is evident from the higher pace of credit expansion; expanding profitability and productivity similar to banks in developed markets, lower incidence of nonperforming assets and focus on financial inclusion have contributed to making Indian banking vibrant and strong. Indian banks have begun to revise their growth approach and re-evaluate the prospects on hand to keep the economy rolling. Banks are also giving lot of importance to training and development of its employees as quality of work and productivity has become vital concern in the fierce competitive environment in the banking industry.Review of LiteratureImportance of training and development: Organizational training activities can become sources of competitive advantage2 through their positive impact on employees' productivity13 and their contribution to business objectives4. Talent development and talent retention is very important now-a-days and training and development is most effective in motivating and retaining high quality human resources within organization9. It is reported that training is a factor that augments employee commitment and maximizes employee potential. Akintayo1 and Oguntimehin15 highlighted the usefulness of training and identified the functions of training as follows: increases productivity, improves the quality of work; improves skills, knowledge, understanding and attitude; enhances the use of tools and machine; reduces waste, accidents, turnover, lateness, absenteeism and other overhead costs, eliminates obsolesce in skills, technologies, methods, products, capital management etc.TVaining and development in banking sector: Karthikeyan et al8 empirically examined the training methods and their effectiveness in selected public and private sector banks and concluded that the overall effectiveness of training is quite high and that training contributes to the growth and better performance of the banks. …" @default.
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• W1041144218 date "2014-04-01" @default.
• W1041144218 modified "2023-09-24" @default.
• W1041144218 title "Employees' Perception of Effectiveness of Training and Development in Private Sector Banks" @default.
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