Parikalpana: KIIT Journal of Management

Manas Kumar Pal ¹, Anamika ¹

Affiliations
1 Institute of Management and Information Science, Bhubaneswar, IN

Abstract

Education is considered to be a powerful tool as it provides people the ability to take charge of their lives. Despite the persistent stress laid on education, there is still a dearth of skilled manpower to tackle the rising needs and demands of the economy.

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Anamika

Abstract

In a globally competitive space, employers are looking for talent with improved capabilities, knowledge and skills for a competitive advantage. Organizations are constantly working on building capability across the world. As per research findings, capability building is one of the top-three priorities in most of the organizations. It is more significant for organizations operating in parts of Asia, particularly in India and China (McKinsey, 2015). Skills, abilities and knowledge of the employees need constant improvement and to perform on the job necessitates operational training programs. Organizations invest in developing new skills, and do a long term planning to enable their employees to remain productive in the dynamic economic conditions. This helps the employees to improve their performance on the job and remain committed to the organization.

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