Training and Development Strategies: Motivational Tool for Increasing Employee Retention

Human resource as the word suggests is one of the most important factors of production without which no industry can survive. Long-term organisational success depends upon the recruitment, training and development, reward and retention of the right people. Training is beneficial to the organisation performance and specifically it is a core organisational strategy influencing the employee retention and human capital growth. However, there is not enough investment on training activities because some employers view training as an expensive risk. The purpose of this study is to examine the relationship between training and employee retention. The study tries to establish a link between training and development practices followed in the automobile sector as a factor contributing to satisfaction, commitment and retention of employees. Job training can be emphasised as one of the most important factors in retaining employees in any organisation. Our major focus is on the key variables: training decisions, types of training, duration of training, etc. This research is conducted on a sample scale of 300 employees from two companies of automobile sector. The survey showed the relationship of job training and employee retention. According to the findings of research, training has a positive impact on the satisfaction, performance and commitment of employees fostering employee retention.