Significance of employee training and development programs for skill enhancement, career growth, and employee retention

Abstract

Introduction: For understanding the efficacy of employee training and development, the empirical study is constructed. The study is aimed at the effectiveness and need for employee training across the globe. Information has been provided regarding annual spending on employees worldwide.Literature Review: Several past pieces of research have been analysed with minute details to make out the effectiveness and factors of employee training. The issues and feasible recommendations have also been conferred in this section. The need for external partnerships is highlighted along with the Felder-Silverman learning style model.Methodology: 13 questions have been framed followed by using the responses of 60 individuals who are currently employed in the MNCs. the primary source of information has been beneficial for the overall study in the present research. Besides, IBM SPSS software has been used to determine the relationship of the selected variables.Results and Analysis: It has been found that employee training and development significantly contributes to the skill development, and growth of the employees.Discussion: Information concerning to the success of employee training and development is mentioned in this section.Conclusion: The entire study has been concluded with the gathered information from each section in an abridged way.

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