Book Description

1.1 Background Every organization is facing challenges in the market. Growing competition opened the market, increases preparedness and dynamism of the environment. Human resource is an important aspect to meet such challenges. Competent and skillful human resource can only help to increase the performance of the organization as per the need of the market. Training is an important tool to prepare HR for wining the challenging market and grabbing opportunities of the market by providing skill and knowledge. Training helps to increase the skill and competencies of the staff. Training refers to the acquisition of knowledge, skills and competencies as a results of teaching practical knowledge that relate to specific useful competencies (Reilly, 1979). The current commercially competitive environment compels senior management into addressing both positive and negative aspects of their organizations in attempts to excel in all areas. Organizations are constantly engaged in activities aimed at increasing access to resources, including manpower, material, money and methods, that will allow them to compete successfully in a changing environment, and to plan and design activities to accomplish the perceived goals of the organization. Growing organizations constantly seek to improve program implementation, to develop new resources or address that needs in the community. There is a need for a systematic process for creating and sustaining improved performance that can react rapidly to changes in the environment. Many organizations undertake periodic assessment of their performance to ensure effective and efficient utilization of resources, to be in line with advances in technology, to meet societal needs and to ensure achievement of the organization's goals. Management experts have developed various tools that help organizations to evaluate their performance in their functional areas with respect to time, and benchmark their performance with industry standards.