An Overview of Employee Training and Development System -A Case Study of Indian Financial Institutions

The intensity of competition and pace with which knowledge becomes obsolete is heralding an era where leadership, organizational structure and control systems must increasingly focus on the management of knowledge and skills. Such an environment requires management to systematically design an infrastructure that is effectively tailored to the needs of an increasingly mobile knowledge worker and supports organizational learning in the areas of strategic concern. Traditionally, training and development (T&D)was viewed like an option whether to focus on T&D or not with the organizations irrespective of size, nature of ownership and control but now that view has dramatically changed, it becomes mandatory for organizations to improve and update the shape of the existing knowledge, attitudes, skills, health/commitment to work (KASH) at individual as well as at organizational level with an objective to create value and successfully deal with competitive challenges. In the present paper an effort has been made to study the system of T&D practices prevailing in Indian Banking Industry. The paper aims to investigate perceptions of employees against demographic characteristics like gender and working experiences towards T&D practices in the sample banks. On the basis of the empirical findings the authors have tried to come up with the valuable suggestions for the management of these banks for ensuring effective and result oriented training and development interventions