THE EFFECT OF TRAINING AND DEVELOPMENT ON EMPLOYEE RETENTION

Abstract

As Training & Development is an important aspect in every employee’s career, the aim of this research paper is to analyse the effect of training and development on employee retention. Employee Training and Development helps in upskilling employees and increasing their knowledge base. This results in increasing their efficiency and work productivity. It ensures that Employees oddness is reduced and learning or behavioural change takes place in a very structured format. It is an educational activity designed for fulfilment of goals and to enhance the employee performance and productivity. Employee retention is the ability of an organization to prevent employee turnover, or the number of people who leave their job in a certain time period, either voluntarily or involuntarily. Increasing employee retention has a direct impact on business performance and success. A company always wants its employees to be retained so that they can extract the cost invested in them. One of the methods to retain employees for a longer period of time is motivating and encouraging them with the help of training and development. So, to conduct this research, I researched about how training and development is done at various organization and how it impacts the employee retention ratio. Further, I interviewed various employees and HR personnel to understand their perspective on Training & Development, how it is conducted in different organizations and how it impacts on the retention of employees. The interviews were analysed with the help of NVivo. After conducting the research, interview and analysis, I got to know that training & development is an important aspect of any employee’s career. If employees feel that they are valued in the organization and their career growth is important to the company, they are willing to stick with the company for a longer period of time.