Analysis of Professional Development Training Procedures and Its Significant Impact on Operational Excellence in NBFC

Trilok Singh¹ , Sapna Singh²

Section:Research Paper, Product Type: Isroset-Journal
Vol.5 , Issue.6 , pp.32-37, Jun-2019

Online published on Jun 30, 2019

Copyright © Trilok Singh, Sapna Singh . This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
 

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Abstract :
The researcher stated a significant approach of professional development training procedures and its significant impact on operational excellence in NBFC. The research studies show that most of the financial sector organisations being medium to large scale organisations are arranging various Professional development programs like Training & Development, certification programs, Higher education opportunities for skill enhancement of their employees. But very few studies have been done which try to find out the impact of these Professional development programs arranged by organisations on their employees with respect to achieving Operational Excellence. The Professional Training Development Programs when arranged do not have the same parameters behind its selection than the need identification and effectiveness of the Professional Development Program. The researcher focused on Training in developmental activities in an organisation is the process that’s prime to achieve operational excellence. The necessary skills required by the employees to perform at their respective job role and along with it develop and build on these skills as per the technology upgrade and changing market conditions is very important. Developmental programmes play vital roles in adding values to the employees that are beneficial for them and the organisations as they encourage and provide employees essential skills such as confidence, perseverance and patience to cope up with the market pressure that helps in the organisation allowing higher retention rate, in process providing the organisation with the much-needed profitability and stability.

Key-Words / Index Term :
Training, NBFC, Operational Excellence

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