Associate Professor, Amity Business SchoolMumbai, Amity University, Maharashtra, India
Online Published on 11 October, 2024.
In the contemporary landscape of organizations, the significance of learning and development has soared, becoming a cornerstone for success. Companies are increasingly prioritizing the establishment of robust learning and development frameworks tailored to their employees. These initiatives serve as catalysts, empowering individuals with avenues to acquire fresh skills, nurture latent potential, and seamlessly adapt to evolving job demands. This literature review delves into the expansive realm of learning and development, exploring its intricate connections with various crucial facets. It scrutinizes the correlation between learning and development initiatives and employee satisfaction, recognizing their pivotal role in fostering knowledge management. This, in turn, culminates in enhanced workplace performance, effectively fortifying the organizational structure. Additionally, the study thoroughly explores the interconnectedness between learning and development initiatives and employee retention. By unraveling the interconnections, it aims to unveil the profound impact that investing in employee growth and skill enhancement has on retaining a talented workforce. Ultimately, this comprehensive analysis illuminates the multi-dimensional advantages that robust learning and development strategies confer upon modern organizations, from bolstering performance to fostering lasting employee engagement and retention.
Learning and development, Performance management, Employee retention