Analysing the Current Trends in Learning and Development

Abstract

Present paper is an attempt to understand the growing need for nurturing employees to build up human capital and adding value to business. Quality of employees, their development and retention are major factors in determining long-term profitability of business in todays scenario. Though researchers have observed such studies but this research helps to understand the current practices and changing trends which are prevailing in different sectors in Pune region and also demonstrates best practices being carried out in industries. A survey was conducted on 20 different companies and a questionnaire was administered to HR managers. Data was collected through personal interviews, focused group discussions with top management and employees. Statistical tool IBM SPSS 20 was used to analyze data more analytically. Tests performed were chi-square and correlation. In the course of study, it was found that most of the high technology companies prefer online training and low technology companies prefer classroom learning. Companies allocated a percentage of HR or total turnover budget towards training and development. Most of the companies tracked their cost of training through overall cost or budget expended and not for a particular participant or employee attending the training program or expected to attend.

Keywords: Learning and Development, Training, Online Learning, Best Practices

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