Vol: 1, Issue: 1 2011
Page: 77-88
Training Practices in Public & Private Financial Institutions: An Insight into Employee's Perspective
Bhawna Malik
Received Date: 2011-01-13
Accepted Date: 2011-02-09
Published Date: 2011-03-04
Ensuring safety in work environments is essential –not only for personnel, but also for the organization as well
as the environment. Safety is perceived as the functioning of an organization without serious failures or harm
for the organization and the environment. Safety is continuously developed from a coaction of intra- and extraorganizational factors such as personnel, technology, or rules (Fahlbruch, Sch¨obel & Domeinski, 2008). One
measure taken to ensure safety is training. A skilled workforce can yield higher productivity, higher motivation
and commitment, and increased safety (Salas, Wilson, Priest & Guthrie, 2006b). Training refers to the
acquisition of skills that result in improved performance (Patrick, 1992) and is defined as ―the systematic
approach to affecting individuals’ knowledge, skills, and attitudes in order to improve individual, team, and
organizational effectiveness‖ (Aguinis & Kraiger, 2009, p. 452). Today’s banking and capital markets industries
are highly competitive, with the majority of firms providing similar products and services. When a successful
new financial product or service is first introduced, profit margins are often substantial—but increased global
competition quickly whittles these margins down to levels where under-capitalized or less- productive
institutions can no longer compete. Often, the only distinguishing feature is which firm can deliver the product
or service at the least expense. The present research paper tried to focus of Training Practices in Public &
Private Financial Institutions: An Insight into Employee’s Perspective.
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