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TRAINING SCENARIO IN INDIAN INDUSTRY

With the world-wide expansion of companies and changing technologies, Indian Organizations

have realized the importance of corporate training. Training is considered as more of

retention tool than a cost.

Today, human resource is now a source of competitive advantage for all organizations.

Therefore, the training system in Indian Industry has been changed to create a smarter

worforce and yield the best results. With increase in competition, every company wants to

optimize the utilization of its resources to yield the maximum possible results. Training is

re!uired in every field be it "ales, #areting, $uman %esource, %elationship building, &ogistics,

'roduction, (ngineering, etc. It is now a business effective tool and is lined with the business

outcome.

With increase in awareness of corporate training in Indian Industry, a gradual shift from generalto specific approach has been realized.

)ccording to NASSCOM *+ational )ssociation of "oftware and "ervices ompanies, the IT

corporate training market is expected to reach %s // crore in 0/1/ from %s 01/ rore in

0//.

In Indian maret, 2/3 of the training company4s revenue comes from the retail training and rest

from other segments.

On the other hand, in many organizations training is regarded as non-essential or a need based

activity. "ome organizations start a training department in order to loo modern. In fact, some

organizations are headed by unwanted employees rather than employees of outstanding merit.While some organizations do not have a separate budget to hire highly !ualified trainers for

training and development.

Training and Dee!opment in Retai!"#MCG Sector

%etail56#7 "ector is the most booming sector in the Indian economy and is expected to reach

8"9 1:2-0// billion by 0/1. With this rapid expansion and coming up of ma;or players in the

sector, the need of human resource development has increased. &ac of silled worers is the

ma;or factor that is holding bac the retail sector for high growth. The sector is facing the severe

shortage of trainers. )lso, the current education system is not sufficiently prepared to addressthe new processes, according the industry ma;ors.

Training $rograms in Retai!%#MCG Sector

"ome of the training programs that are given in the retail sector are<

• "ales Training

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• On-the-=ob Training

• "eminars5Worshops

• ustomer %elationship #anagement

• Online ourse

• 7roup "tudy

• omputer->ased Training

• "elf-?irected Training

Training Institutes for Retai! management

"ome of the institutes for retail management are<

• Indian %etail "chool

• &oyola Institute of >usiness )dministration *&I>)

• " ' =ain entre of #anagement

• Institute for Integrated &earning in #anagement *II

• Welingar Institute of #anagement, entre for %etail "tudies

• @ = "omaiya Institute of #anagement "tudies A %esearch

• #udra Institute of ommunications

• )mity >usiness "chool