Professional Documents
Culture Documents
insurance
MANAGEMENT
UNIVERSITY OF LUCKNOW
(Department of Public
Administration)
Date…………….
Place…………… Enroll No.
This research report prepared is one of the greatest achievements of
MBA Programme as it is full of experience, observation and knowledge
this research report contains a brief outline of various aspect of
training and development on the effectiveness of bank employees.
Training is the process of increasing the knowledge and skills for doing
a particular job. It is an organized procedure by which people learn
knowledge and skill for a definite purpose. The purpose of training is
basically to bridge the gap between job requirements and present
competence of an employee. Training is aimed at improving the
behavior and performance of a person. It is a never ending or
continuous process. Training is closely related with education and
development but needs to be differentiated from these terms.
This study will review and analyze the training and development
policies and practices of a few Banks. The outline framework for any
training and development activity should be linked with the
organization’s vision and mission so as to make it more effective. The
framework should comprise:
• Training to be treated as one of the tools for increasing
organizational effectiveness.
• Creating environment for self motivation towards training and
development.
• Learning through training should be transferred to the job/work.
This study has been conducted with sheer dedication and sincerity.
The results which have emerged out of the study give a crystal clear
view of the Affect of training and development on the efficiency
of bank employees. Suggestive measures have been provided to
improve their level.
SR.NO. CONTENTS PAGE. NO
Preface
Acknowledgement
Executive Summary
Company Profile
1) Introduction
• Concept Introduction
• Brief Profile of the units
studied
2) Literature Review
3) Research Methodology
Hypothesis
Limitations
5) Conclusion
Suggestions
Bibliography
Annexure
ABOUT THE TOPIC
Training & Development programme is most important factor of the
organization for improving the efficiency & performance of the
employees as well as increase the productivity and turnover of the
organization. It is organized for the fresher and also for existing
employees. These programmes are helpful in enhancing job
satisfaction, opportunity in future, increasing morale and motivation.
Training is the process of increasing the knowledge and skills for doing
a particular job. It is an organized procedure by which people learn
knowledge and skill for a definite purpose. The purpose of training is
basically to bridge the gap between job requirements and present
competence of an employee.
APPROACH.
RESEARCH METHODOLOGY
Research Methodology is a way to systematically solve the research
problem.
Data source :The data source that was used for the research was
primary source. The data was collected using a Questionnaire.
Analysis was done on the basis of the data that was collected in the
Questionnaire
FINDINGS:
From the study it has been found that 30% respondents believe that
training programmes improve managerial skills, while 35% believe it is
responsible for improving technical skills. Further it is found that
training programmes improve interpersonal relationship. About 80%
respondents are of the same view. 75% respondents believe that
training programmes are always beneficial for employees. 25%
respondents strongly emphasis this point.. Moreover, training
programmes increase the self worth of employees and are even
responsible for increasing overall efficiency level of employees,
reduced monotony, stress & absenteeism and are responsible for
development & growth of banking
Bharti AXA Life is a life insurance player that was started in 2006. It
brings together strong financial expertise of the Paris-headquartered
AXA Group, and Bharti Enterprises - one of India's leading business
groups with interests in telecom, agricultural business, financial
services, and retail. The joint venture has a 74% stake from Bharti
and 26% stake from AXA Asia Pacific Holdings Ltd.(APH).The company
launched national operations in December 2006. Today, Bharti AXA
Life has a national footprint of distributors trained to provide quality
financial advice and insurance solutions to the large Indian customer
base.
Bharti AXA Life offers a range of innovative products and services that
cater to specific insurance and wealth management needs of
customers.
These are the three attitudes that clients most expect from an
insurance and financial services company in exchange for their vote of
confidence. These three attitudes stood out from the others in the
consumer research we conducted across markets, regardless of their
level of maturity.
They are at the heart of our actions and our commitments to
clients.
AXA Asia Pacific Holdings Ltd (AXA APH) is listed on the Australian
stock exchange and is 52.3% owned by AXA SA. AXA APH is
responsible for AXA SA’s life insurance and wealth management
businesses in the Asia-Pacific region. It has operations in Australia,
New Zealand, Hong Kong, Singapore, Indonesia, Philippines, Thailand,
China, India and Malaysia. AXA APH had A$106.4 billion in total funds
under management and administration at 30 June 2007 and reported
a profit after tax before non-recurring items of A$374.0 million for the
six months ended 30 June 2007. For more information on AXA Asia
Pacific Holdings, visit www.axa-asiapacific.com.au.
• Airtel
• Bharti Resources
Bharti Foundation
Today’s investment environment is complex, dynamic, and
challenging. It’s not superior infrastructure or technology or the
deposits which keep it ahead of competition, but its ability to manage
investments markets. The bank’s ability to manage its investments
requires knowledge of investment markets and instruments, as well as
an understanding of the regulatory, accounting, financial and economic
forces that affect investment performance and how they all interrelate
to each other. Having understood this to be a prerequisite the greatest
resource of any organization is the potential of its people. It is the
basket of competencies that its employees possess, which
differentiates one organization from the other, in fact a successful one
from all the rest in the race. Employees who are motivated – not
simply instructed – are a bank’s true assets.
But the fact is that employees do not come ready – made, fitting to
the organizational requirements. They have to be shaped and
developed and tailored in terms of their skills, attitudes and behaviors
in order to say compatible with the organization’s culture and goals,
thus, contributing to its productivity and profitability .Precisely
speaking they have to be trained . Beginning from the policy of the
organization the basic rules of the job to key concepts to team
performance to catering to the rising customers demands training is a
necessary tool without which viability if not success is impossible in
this era of cutthroat competition .
Though this fact is universally know the conventional wisdom says that
strangely there is very little organization that attaches the
commensurate level of importance to training in their concerns. The
interesting fact is that a majority of them belong to the public sector.
It is a known fact that despite the hug amounts of state spending on
staff college and universities for training employees in the banks the
most frequent names which figure out in the top 10 belong to the
private sector this continues necessitating emergence of many
question in the mind as to how training is being done how much is the
tentative spending on each employees for training programs what is
the general perception of employees towards training how is ROI
calculated if it is being done at all a common perception exists that
though a lot of investment made is not being made on training the
return on the investment made is being made on training the return on
the investment made is not being taken care of Also the employees
see training more or less to be a paid holiday rather than a tool for
improving the overall organizational effectiveness and making them
selves indispensable .
This paper will review and analyze the training and development
policies and practices of a few private sector enterprises. The outline
framework for any training and development activity should be linked
with the organization’s vision and mission so as to make it more
effective. The framework should comprise:
• Training to be treated as one of the tools for increasing
organizational effectiveness.
• Creating environment for self motivation towards training and
development.
• Learning through training should be transferred to the job/work.
Also, high pay packages offered by the global players are attracting
high-quality fresh talent as well as high performers. This poses
challenge for the organizations to improve , develop and retain the
available resource in order to have a competitive edge .These
conditions further strengthen the need of training and development to
facilitate and ensure the acquisition of competencies required by the
employees to perform their task more effectively in order to
accomplish overall organizational effectiveness.
Concept of Training
Training is the process of increasing the knowledge and skills for doing
a particular job. It is an organized procedure by which people learn
knowledge and skill for a definite purpose. The purpose of training is
basically to bridge the gap between job requirements and present
competence of an employee. Training is aimed at improving the
behavior and performance of a person. It is a never ending or
continuous process. Training is closely related with education and
development but needs to be differentiated from these terms.
Importance of Training:
A well planned and well executed training programme can provide the
following advantages:
1. Higher Productivity: Training helps to improve the level of
performance. Trained employees perform better by using better
method of work. Improvements in manpower productivity in developed
nations can be attributed in no small measure to their educational and
industrial training programmes.
TYPES OF TRAINING
Training is required for several purposes. Accordingly training
programmes may be of the following types:
Training Objectives:
Once the training needs are identified, the next step is to set training
objectives in concrete terms and do decide the strategies to be the
adopted to achieves these objectives. The overall aim of a training
programme is to fill in the gap between the existing and the desired
pool of knowledge, skills and aptitudes .Objectives of training express
the gap between the present and the desired performance levels.
Definition of training objectives in both quantitative and quantitative
terms will help to evaluate and monitor the effectiveness of training.
Involvement of top management is necessary to integrate the training
objectives with the organizational objectives
The main objectives of a training may be defined as follows:
(a) To impart to new entrants the basic knowledge and skills required for
efficient performance of definite tasks.
(b) To assist the employees them to the latest concepts , information and
techniques and developing the skills they would require in their
particular fields
MERITS:
a) The main advantage of OJT is that the trainee learns on the actual
machine in use and in the real environment of the job. He gets a
feel of the actual job. Therefore, he is better motivated to learn and
there is no problem of transfer of training skills to the job.
b) This method is very economical because no additional space,
equipment, personnel or other facilities are required for training.
The trainee produces while he learns.
d) This is the most suitable method for teaching knowledge and skills
which can be acquired through personal observation in a relatively
short time period. It is widely used for unskilled and semi-skilled
jobs e.g., machinist, clerical and sales jobs.
DEMIRITS:
MERITS:
b) The interest and motivation of the trainee are high as the real
job conditions are duplicated.
EVALUTION CRITERIA:
Retraining:
II. Employees who are called back to work after layoff are
given training so as to handle highly skilled jobs.
III. Due to technological changes some jobs may become
unnecessary. Employees working on such jobs are retrained for other
jobs.
IV. Retraining is necessary to develop a versatile workforce
capable of performing more than one job.
a) Top management
(i) The size and complexity of organizations, both business and non-
business are increasing. Managers need to be developed to handle the
problems of giant and complex organization in the face of increasing
competition.
Executive Development
Coaching Lectures
Under Study Case
Studies
Position Rotation Group
Discussions
Project Assignment
Conferences
Committees Role
Playing
On the job training is most suitable when the aim is to improve on the
job behavior of executives. Such training is inexpensive and time
saving. The motivation to learn is high as training takes place in the
real job situation. The trainee can size up his subordinates and
demonstrate his leadership qualities without artificial support. But
neither the trainer nor the trainee are free from the daily routine and
pressure of their respective jobs. On the job-training is given –
through the following methods.
(2) The audience losses attention quickly as they are passive listener.
The focus is on accumulation and memorization rather then on
application of knowledge
ICICI Bank is India's second-largest bank with total assets of about Rs.
2,513.89 bn (US$ 56.3 bn) at March 31, 2006 and profit after tax of
Rs. 25.40 bn (US$ 569 mn) for the year ended March 31, 2006 (Rs.
20.05 bn (US$ 449 mn) for the year ended March 31, 2005).
HDFC BANK
BANK OF BARODA:
DENA BANK:
Dena Bank, in July 1969 along with 13 other major banks was
nationalized and is now a Public Sector Bank constituted under the
Banking Companies (Acquisition & Transfer of Undertakings) Act,
1970. Under the provisions of the Banking Regulations Act 1949, in
addition to the business of banking, the Bank can undertake other
business as specified in Section 6 of the Banking Regulations Act,
1949.
The group has a net worth of around Rs. 3,100 crore, employs around
9,600 people in its various businesses and has a distribution network
of branches, franchisees, representative offices and satellite offices
across 300 cities and towns in India and offices in New York, London,
Dubai and Mauritius. The Group services around 2.2 million customer
accounts.
Punjab National Bank (PNB) is one of the 500 largest banks in the
world, and enjoys a rich history and heritage. PNB was the first Indian
bank to be started solely with Indian capital. Established in 1895 at
Lahore, and nationalized in 1969, it has worked assiduously to build
the banking sector in rural and urban India. It has presence in remote
areas of the country, cutting across cultural and linguistic boundaries.
LITERATURE REVIEW
It is now almost axiomatic that the strategic goal of modern
commercial organizations is to create more intelligent and flexible
firms then their competitors by hiring and developing more talented
human resources and by extending their skill base It is imperative in
the context of new business realities that organization should be able
to continuously innovate be customer- focused and remain cost –
competitive to survive grow and excel in the long run. During the
1980s Japanese management practices clearly indicated that business
success based on high standards of performance which was dependent
on a highly trained and developed workforce (Brown and Read 1984)
Recent research also indicates a causal link between high commitment
practices (including training and development) and improvements in
an establishment performance and competitive advantage (Patterson
et at., 1998)
Parameter Indicator
Percentage of payroll spent on training 1.2%
Position percentage
71%
Personnel / HRT / Training Specialist
The major driving forces for training and initiatives are, formerly, all
that a new employee needed in order to learn a job was to sit beside
an experienced employee and observe. It was assumed that this way,
perhaps by osmosis, the novice would learn his/her job. But plots
change and so do training methods.
Since the beginning of the 20th century and especially after world war
2nd training programs have become widespread among organizations
involving more and more employees and also expending in content. By
the 1990s 40% of the fortune 500 firms have had a corporate
university or learning center ( Meister 1997 ) According to the 1995
RESEARCH METHODOLOGY
Research in common parlance refers to a search for knowledge. One
can also define research as a scientific and systematic search for
pertinent information on a specific topic. In fact, research is an art of
scientific investigation.
1. The study will be of great use to the bank employees as they will
get to know the true impact of training programmes.
2. The study will be beneficial for the students as well in
understanding the concept of training & development and also its
implications.
3. Training helps to improve the level of performance. Trained
employees perform better by using better method of work .
4. Proper training can develop positive attitudes among employees.
Job satisfaction and morale are improved due to a rise in the
earnings and job security of employees.
Hypothesis
Research design
The formidable problem that follows the task of defining the research
problem is the preparation of the design of the research project,
popularly known as “research design”
Research type
Research type used is descriptive. Descriptive research studies are
those studies which are concerned with describing the characteristic of
a particular individual or a group.
Source of data
The researcher should keep in mind two types of data viz. primary and
secondary.
Primary data; are those which are collected a fresh and for the
first time, and thus happen to be original in character.
Secondary data; are those data which have already been collected
by someone else and which have already been passed through
statistical process.
Source of data is both primary and secondary. Primary data is
collected through questionnaire which consists of a number of
questions printed or typed in a definite orders on a form or set of
forms. Questionnaire used is structured having close ended multiple
choice questions. Analysis will be done on the basis of data which has
been collected in questionnaire. Secondary data is collected from
books, journals, magazines
Sampling plan
Sample unit.:
For research work Lucknow city is taken as sample unit.
Sample size: The sample size consists of 105 units out of which
the most logical and non biased response are selected thus the sample
size is taken out to be 100 units.
Sample procedure :
Random sampling has been taken as sample procedure for conducting
research work. Under this sampling, every item of the universe has an
equal chance of inclusion in the sample.
COMPREHENSIVE ANALYSIS
FINDING
12%
40%
18%
30%
90%
Yes No
FINDING
Yes 88%
No 12%
12%
12% 88%
Yes No
FINDING
Managerial Skills 30
%
Technical Skills 35
%
Technical
Administrative Skills
Skills, 35%
19
Managerial %
Skills, 30%
40% Interpersonal Skills Administrativ
16
Interpersonal%
e Skills, 19%
Skills, 16%
30%
Q.5. Training programmes have been able to improve
20%interpersonal relationship?
FINDING
10%
Strongly 05%
0% Agree 80%
Hardly Agree 10%
Disagree 05%
80%
80%
60%
40%
S e r ie s 1
20% 10%
5% 5%
0%
S t r o n g ly A g re e H a rd ly D is a g r e e
a g re e A g re e
FINDING
Strongly 25%
Agree 75%
Hardly Agree 00%
Disagree 00%
25%
75%
FINDING
30%
20%
10%
0%
FINDING
60%
Stongly agree, Hardly agree,
50% 9% 20% Disagree, 16%
40%
30%
20%
10%
0%
FINDING
36%
30%
FINDING
Agree
40%
30%
Hardly
agree
Disagree
FINDING
Agree
Hardly
70% agree
Disagree
FINDING
60%
Hardly agree,
50% Stongly 25%
agree, 9%
Disagree, 6%
40%
30%
20%
10%
0%
Q.13. In which areas do you think there is more need
of training?
FINDING
Soft skills 26%
Employee 30%
development
Technical skills 37%
Any other 07%
37%
40% 30%
26%
30%
20%
7%
10%
0% r
l ls ill
s
he
ski .. sk ot
t p. l
of lo a y
S ve n ic An
d e ch
e T e
o ye
pl
E m
LIMITATION
Though best efforts have been made to make the study fair,
transparent and error free. But there might be some inevitable and
inherent limitation. Though outright measure are undertaken to
make the report most accurate
From the study it has been found that 30% respondents believe that
training programmes improve managerial skills, while 35% believe it is
responsible for improving technical skills. Further it is found that
training programmes improve interpersonal relationship. About 80%
respondents are of the same view. 75% respondents believe that
training programmes are always beneficial for employees. 25%
respondents strongly emphasis this point. Moreover, training
programmes increase the self worth of employees and are even
responsible for increasing overall efficiency level of employees,
reduced monotony, stress & absenteeism and are responsible for
development & growth of banking sector employees.
Closer analysis of the study of findings from the data collected reveals
that the Hypotheses
Name……..…………………… Designation…………………
Age …..……………………… Gender ………………………
Contact No……………………… Organization………………………
Q.1. For how long have you been working in the organization?
A) 0-2yrs c B) 2-5yrs c
C) 5-8 yrs c D) More than 8yrs
c
…………………………………………………………………………………………………………
………………………………………………………………
• Human resource management - Dr. C B Gupta
• Research Methodology - CR Kothari
• ICFAI Journal of OB April 2004 T Krishna Kumar
• ICFAI Journal of OB January 2005 T Krishna kumar
• Journal of management research vol 4, No. 3Dec,2004.