A Study Reports on Training and Development of Employee

Description
Training is the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies.

A STUDY REPORTS ON TRAINING AND DEVELOPMENT OF EMPLOYEE
INTRODUCTION:- L.T.Overseas Ltd. a Star Trading House recognized by Government of India is a fast growing company with a coveted position in the rice industry. The LTO Group installed a state –of –the art rice milling plant in the year 1988 at Kakroi Road, Sonipat. Recently, LTO commissioned an ultra modern, fully automatic rice milling plant at Bahalgarh, Sonipat (Haryana). This is one of the very few integrated rice plants in India capable of producing finished rice, untouched by hands and of internationally acceptable standards. L.T. OVERSEAS LTD., the present flag ship of the business operations started in a humble way as a rice miller in the rustic border areas of Amritsar in Punjab.

Today, company is one of the leading Basmati producers in India, with satisfied customers all over the world. The company’s brand “DAAWAT” has almost become synonymous with gourmet’s delight.

The secret behind this transformation has been the company’s guiding philosophy that the “Customer comes first. Always, Every Time”. This focused approach has provided the right impetus for continuous improvement and results are there for all to see.

Introduction towards Topic : Training

The game of economic competition has new rules. Firms should be fast and responsive. This requires responding to customers' needs for quality, variety, customization, convenience and timeliness. Meeting these new standards requires a workforce that is technically trained in all respects. It requires people who are capable of analyzing and solving job related problems, working cooperatively in teams and 'changing hats' and shifting from job to job as well. Training has increased in importance in today's environment where jobs are complex and change. Rapidly. Companies that pay lip-service to the need for training, by lazily setting aside a few hours a year, will soon find themselves at the receiving end when talented employees leave in frustration and other employees find it difficult to beat rivals with new products, sophisticated designs and improved ways of selling. To survive and flourish in the present day corporate-jungle, companies should invest time and money in upgrading the knowledge and skills of their employees constantly. For, any company that stops injecting itself with intelligence is going to die. The purpose of this chapter is make the student understand the basic principles, areas, and methods of training currently in use in the corporate circles.



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