A Substantial Study To Understand The Influence Of Training & Development On Organizational Performance Of Startups

Abstract

An organization’s Training and development initiatives are considered a strategic investment in human capital. The recent boom in technologies and innovation has increased the competition for firms manifold not only locally but globally. If the workforce is not updated with the latest skills and competencies,it would have a direct impact on the organization’s performance. Besides this training programs provide a sense of confidence and self-growth among employees. It has been observed in big corporate houses and mid-sized firms that the training and development department has its indispensable existence. For example, McDonald’s has its own corporate university from where around 5000 employees get trained every year. Startups are the rising sector of the different economies of the world, which hasan untapped sector for research. This paper attempts to study the impact of training and development on the organizational performance of startups, as startups area growing area of research and still unexplored. The paper's finding shows that training and development significantly impact the organizational performance of startups.