Chapter Two. Literature Review. 2.1 Employee Training And

709 WordsJan 2, 20173 Pages
CHAPTER TWO LITERATURE REVIEW 2.1 Employee Training and Development Overview: (Kum, F.D. & etc., 2014). indicated that Training and development is a critical process, which seeks to improve the performance of workers in the organization. In order to form competent committees, employees’ relevant expertise and intellectual capacity needs to be improved. Some of the projects executed by ESCON fail at an embryonic stage owing to the fact that tenders are awarded to the lowest priced contractor. Moreover, the ineffectiveness of training and development of employees in the organization reduces the organization’s productivity, as organizations depend on having people with the right skills, attitudes and capabilities in order to reach goals…show more content…
This literature review based article presents different viewpoints of various authors regarding the significance of training & development for employee performance and organizational effectiveness. Obsolescence among the employees and the need to adapt to the technological, organizational and social changes make continuous learning and updating of skills indispensable for an organization. Firms need to manage training programs more effectively so that they can get the highest returns from their investment. Human capital is an important asset for organizations under intense competition. Training and Development function enables human capital to unleash their dexterity. A profound training program acts as a vehicle to enhance employee skills and enable them to perform better in their job. Training and development is very crucial to the employees, the organization and their effectiveness. (Falola, H.O. & etc., 2014). said that Training and development is indispensable strategic tool for enhancing employee performance and organizations keep increasing training budget on yearly basis with believe that it will earn them competitive edge. The main objective of this study is to examine the effectiveness of training and development on employees’ performance and organization competitive advantage in the Nigerian banking industry. Descriptive research method was adopted for this study using two hundred and twenty three valid questionnaires which were completed by selected banks in
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