Effectiveness of Training in the Banking Sector of Bangladesh International Journal of Science and Business (original) (raw)
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An Evaluation of the Effectiveness of Employee Training in the Government Banks of Bangladesh
10th International Conference on "Developing Organizations for the Future: Re-Interpreting the Modern Business Landscape" , 2019
There has seen a tremendous development in banking sector of Bangladesh since its independence. This sector is playing a significant role in the socio-economic development of the country. At present, there are 59 scheduled banks operating in Bangladesh under the control of central bank- Bangladesh Bank. Among them, there are nine State-Owned Commercial Banks (SOCBs) which are fully or partially owned by the Government of People Republic of Bangladesh. For the growth of the banking sector, proper training and development of the human resource is a prerequisite. Every year several training programs are conducted by these government banks for both the newly recruited employees as well as for the existing employees. But the effectiveness of these training programs is very poor. It means the training programs are hardly effective to increase the performance of the employees of Government banks. Hence, the aim of this study is to identify the factors that are concerned with the effectiveness of the training programs of state-owned commercial banks of Bangladesh. A sample of 205 employees who obtained training from the State-owned commercial banks of Bangladesh was surveyed using a structured questionnaire. Data were analyzed using the Exploratory Factor Analysis and Multiple Regression Analysis. The results show that the factors such as, development of overall skills, reduction of stress level, development technical skills, need-based training programs, helpful in the long run, and quality of the instructor are the important factors for the development of training effectiveness in government banks of Bangladesh. This study suggests that the Government banks should focus more on reduction of stress level, development technical skills, need-based training programs, helpful in the long run, and quality of the instructor that affect the effectiveness of the training programs operated by the state-owned commercial banks of Bangladesh.
How Effective the Employee Training Programs Are? Evidence from Government Banks of Bangladesh
International Journal of Business and Management, 2020
This paper attempts to identify the factors concerning the effectiveness of training programs of government-owned commercial banks in Bangladesh. The banking industry of Bangladesh has witnessed tremendous growth since the country's independence. Need-based training and development of manpower have become prerequisites for the continuous growth of this sector. The prominent government banks conduct numerous training programs for the fresh recruits and the existing staff as well. A sample of 205 bank personnel who received training from the state-owned banks was surveyed through a structured questionnaire. The responses of the employees were analyzed using the Exploratory Factor Analysis and Multiple Regression Analysis techniques. This paper finds that the development of overall skills, reduction of stress level, development of technical skills, need-based training programs, long-run productivity, and quality of the instructors are the significant factors contributing to the effectiveness of training programs of government banks in Bangladesh. The finding of this study implies that the bank managers should emphasize more on the reduction of stress level, development of technical skills, need-based training programs, long-run productivity, and quality of the instructors that directly affect the effectiveness of the training programs run by the government-owned commercial banks in Bangladesh.
A Study on Effectiveness of Training in Commercial Banks of Bangladesh
Journal of Business and Technology, 2021
When the trainings are effective, Return on Investment (ROI) in training becomes visible in the organization. To identify the effectiveness of training in the commercial banks of Bangladesh, this study explores the role of trainer quality as a predictor of self-efficacy, motivation to transfer, authentic leadership, and training system effectiveness (TSE). It also examines the mediation role of self-efficacy, motivation to transfer, and authentic leadership between trainer and the training systems of commercial banks in Bangladesh. Data were collected from 625 employees of commercial banks in Bangladesh. Partial Least Squares Structural Equation Modeling (PLS-SEM) was applied to test the hypotheses. Results revealed a significant and positive impact of trainer quality on self-efficacy and motivation to transfer of training. This study suggests that the policymakers and the training specialists should focus on self-efficacy and motivation to transfer in giving training for improvement of the effectiveness of training in commercial banks of Bangladesh.
South Asian Journal of Social Studies and Economics
Human Resources Management literature regards training as the bloodstream of any organization because the success of an organization to achieve its objectives and goals highly depends on its workforce. For this reason, organizations should invest in employees’ training to enhance their performance and that of an organization. Nonetheless, some organizations regard training as an unnecessary expenditure and always cut training budgets to improve their financial standing to the detriment of their employees’ welfare because that action incapacitates staff to adapt to the ever-changing working environment and uncertain conditions on account of, inter alia, rapid technological innovation and organizational change. This study employed stratified sampling technique to draw a sample of 60 employees from a population of 70 employees through self-administered questionnaire to examine the impact of training on employees’ performance, employee’s motivation and job satisfaction in the banking se...
International Journal of Research -GRANTHAALAYAH
Training and development is incredibly vital for ensuring effectiveness of the employees in an organization. The organizations have stretched understood so as to their most precious asset is their human capital where many are convinced for the large investments in employee training and development. This study aims to investigate the significance of training along with development program and its benefits to employees and organization. It focuses on the relative importance of training and development program and their impact on the overall organizational success. To do so, 50 bank employees from Agrani Bank Limited (ABL) have been interviewed through a structured questionnaire. The sample has taken from the Kushtia and Jhenaidah district followed by stratified random sampling. The study has found that training and development program increase the skill, ability and intellectuality of the bank employees. The study also has proposed some suggestions related with the present field.
Training and Development is important to ensure that people continue to learn skills to help the company be successful. Employee training is a learning experience that seeks a relatively permanent change in employees such that their ability to perform at their current job improves. This may mean changing what employees know, how they work, or their attitudes toward their jobs, co-workers, managers, and the organization. The main objective of this study is to examine the effectiveness of training and development on employee's performance in the banking sector. For collecting data, convenient sampling method was used because total number of respondent was unknown. For analyzing data, a multivariate analysis technique like structural equation modeling (SEM) was used. Demographic information of the respondents was analyzed by using SPSS software and the structural equation modeling (SEM) was analyzed by using Smart PLS software. The result of structural equation modeling (SEM) indicates that Training & Development is significantly related to Employees Performance. This study suggests that for ensuring the better performance from the employees in the private commercial banking sector in Bangladesh should organize more training program for employees.
A Study on the Motivation to Transfer Training in the Banking Industry of Bangladesh
South Asian Journal of Human Resources Management
Training and development activities in the banking sector of Bangladesh are quite extensive due to the compliance requirements for the central bank and other banks. These training programmes focus not only on increasing knowledge but also on transferring that knowledge to the job. However, the effectiveness with which training is transferred primarily depends on the motivation to transfer. There is extant research from recent years on the motivation to transfer training in different industries and in this sector. However, little is known about the motivation to transfer training in the banking industry of Bangladesh. Thus, this study attempts to identify the factors that influence the motivation to transfer training in the banking sector of Bangladesh. A sample of 275 employees who obtained training from banks was surveyed using a structured questionnaire. Data were analysed using the structural equation modelling (SEM) technique. The results show that self-efficacy, supervisory support and opportunity to perform have a significant impact on the motivation to transfer training in the banking industry of Bangladesh. This study suggests that the supervisory styles and working environment of banks play the most important role in motivating employees to transfer training in this sector of Bangladesh.
EFFECT OF TRAINING ON EMPLOYEE PERFORMANCE OF COMMERCIAL BANKS IN BURAO DISTRICT;SOMALILAND
Abstract The effect of training on the performance of employees had been discussed broadly in the literature by scholars with different outcomes. The purpose of the current study is to examine the effect of training on achievement in commercial banks in the Burao district of Somaliland. The study is an explanatory through a cross-sectional survey; with sample of two hundred fifty-one (251) has been selected from the target population of 645 from five commercial banks. The current study has measured 33 items; of which 21 of them corresponded to employees’ performances (dependent variable) and 12 of them belonged to the effect of training (independent variable). Descriptive analysis of the overall status of training and overall level of employees’ performances indicated an average mean of 3.13 and 3.29 respectively and was satisfactory. Moreover; a positive significant correlation of 0.653 was observed between training and employees’ performances. With Linear regression; the values of R2 indicated (0.601); this shows training positively affected employee’s performance. And was statistically significant P (.000). Further scientific studies on the phenomena were recommended.
A Study of Effectiveness of Training & Development Programmeon Bank Employees Performance.
The Indian banking industry is endlessly going through a process of transformation since nineties, due to the introduction of Liberalization, Privatization and Globalization (LPG), Information and Communication Technology (ICT). Therefore in order to sustain economic and effective performance of Human Resource, it?s imperative to optimize their input to the accomplishment of the aims and objectives of the bank through training and development.This paper main objective is to examine level of performance in terms of imparting training.Secondly, the objective is to examine the effectiveness of training and development programmes for employees in fulfilment of their duties. The current research paper is descriptive in nature and created by using primary data collection method through questionnaire filling by the bank employees. Checking of data is done through statistical software to discover the impact of training and development on employees? performance. There are two variable Training and Development (Independent) and Employees? performance (Dependent). The present paper explained that training and development is inevitable and unavoidable. Anyone can cope up with the existing challenges in the wake of severe competition with training and development only.
Impact of Training and Development on Employees Performance in Banking Sector of Pakistan
2016
The objective of this paper is to explore the training & development practices in the banking sector of Pakistan. The banks continuously provide training to different levels of officers at different times to enhance their capability and knowledge. The banks have established staff training institutes where different courses are offered. In order to measure the impact of training on employees we have selected 22 branches of different banks located in Multan city and recorded the views of 200 employees (including manages, operational and non-operational staff. We used five point likert scale to measure the impact of training and development of the banks’ employees. Our results show that, banks are providing training & development opportunities to their employees, but there is still gap which should be addressed. Training facilities is not sufficient and training methods are not up today. Most of the trainers belong to operational background and they are unable to provide the sufficient...