A Brief Review Of Studies On Training’s And Research In Banking Sector
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 8
Abstract
Training and Development is indispensable strategic tool for enhancing employee performance and organizations keep increasing training budget on yearly basis with the belief that it will earn them competitive edge. Research is therefore, considered important to enable the banks to adopt strategies for better performance and increasing the profits of the bank. A large number of studies had examined various aspects of Trainings and Research in the banking sector in the domestic and international banking system. Many important books and research articles have been published. In this study an attempt is made to review some of the books and articles, existing literature dealing with the various aspects of trainings and research in the banking sector. Literature Review has been conducted to find out researches in banking and particularly in Training. The authors try to study what other authors have studied about trainings in the banking sector for enhancing its employees’ performance and enhancing the profit of the organization. The authors also try to study the research carried out in various areas to adopt strategies for its development and better results. The authors arrive at the conclusion that the Banks should create a training budget as well as conduct training audit for the effectiveness of training. The training programmes designed for the employees should be comprehensive and related to their needs. The Banks must also improve their marketing and distribution strategies to attract customers and provide better customer service, and must also take steps to improve employee motivation and productivity. The employee’s compensation also has significant effect on the performance because the employees which are not paid well often show poor performance. The present decade had witnessed a sea change in the way banking is done in India. The efficiency and profitability of the banking sector in India has assumed primal importance due to intense competition, greater customer demands and changing banking reforms and technology. The Banks must give more attention and support to the training of employees in all the areas of business taking into consideration the larger interests of the nation
Authors and Affiliations
Abhay Korde, Dr. Kavita Laghate
Keywords
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