Analysis of the Impact of Employee Training and Development on Performance
Central Asian Journal of Innovations on Tourism Management and Finance, 4 (6):
37-62 (June 2023)Abstract
A company's ability to retain its employees is crucial to its productivity and success. The most important resource for any company that is serious about succeeding is its people, according to numerous studies. Descriptive research methods were used for this analysis. Employees in the Businesses Category will serve as research participants. According to the findings, an improved compensation plan reduced employee turnover. Organizational morale issues, enterprise reorganization programmes, and intense competition for core expertise are the most pressing talent management challenges that businesses face in today's diverse, traditional market. However, keeping good employees is difficult in today's business climate because upper management often misjudge the worth of their jobs. Employees are less likely to leave their companies when they are recognised and rewarded, according to the study's authors. It also noted that high turnover rates were triggered by a lack of managerial advancement opportunities. The most important factors to employees are the security of their jobs, the efficiency of their workplaces, and the quality of their working environments. Analysis of the Phillips group of companies revealed that a negative work environment is a major contributor to employee turnover.