A Study to Explore the Perception of Companies to Invest on Training of their Employees in India

Abstract

This research intends to investigate how Indian-based businesses view their investment in staff training. Investing in staff development has become crucial for organisations to stay competitive and react to changing industry trends in today's dynamic business environment. However, investing in training programmes requires large financial outlays, and the choice is impacted by a number of internal and external variables. This study was carried out using a mixed-methods technique. The quantitative phase includes a survey that was given out to a broad sample of businesses from all sizes and sectors in different parts of India. The survey's questionnaire was designed to evaluate organisations' present training practises, training budget allocations, perceived advantages, and challenges in offering complete staff development possibilities. Key stakeholders were interviewed in-depth throughout the qualitative phase, including HR managers, trainers, and senior executives from particular organisations. These interviews provide insightful information on how decisions are made, how to overcome obstacles, and how long-term business plans for workforce development. The study's findings provide insight into how businesses view investing in employee training as an investment in human capital. The study identifies the variables that affect how much money is allocated to training initiatives, including perceived ROI, strategic objective alignment, legal requirements, and the competitive advantages that come from having a skilled and knowledgeable workforce. The study also investigates how the fast evolving technology environment affects business training practises. It also explores how government programmes and policies affect whether or not money is spent on employee training. This discovery has important ramifications for both academics and business. It adds to the body of knowledge in the academic fields of organisational behaviour, human resource management, and strategic management by giving a thorough grasp of the factors that influence training investment decisions.