ROLE OF TRAINING AND DEVELOPMENT IN HUMAN RESOURCE CAPITALIZATION AND IT EFFECT ON ORGANIZATIONAL DEVELOPMENT IN INDIAN CONTEXT

Abstract

Training and development play a pivotal role in enhancing both employee performance and organizational effectiveness. Through development programs, employees can acquire new competencies and refine existing ones, which contributes to the overall effectiveness of the organization. Training and development optimize human resource utilization, aligning individual and organizational objectives. Organization development is not an easier process as it is considering all the resources such as manpower, money, material, market, methods and material. The primary goal is to equip employees with new skills and enhance their existing ones. Additionally, it ensures that employees understand the specific systems, processes, and tools used within the organization. Improving work efficiency is essential for both employees and businesses. There are some strategies which are considered by the organizations to enhance efficiency in the workplace. Human resource capitalization refers to the process of enhancing the value of an organization's workforce by improving their skills, knowledge, and competencies. In conclusion, training and development play a crucial role in human resource capitalization and have a significant impact on organizational development in India.