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A SUMMER INTERNSHIP PROJECT ON “MEASURING EFFECTIVENESS OF TRAINING IN THE SURAT PEOPLE’S CO-OPERATIVE BANK LTD” Submitted by Mr. Chitrak Sawadiyawala Enrol.no.- 138050592091 Submitted to Ms. Parinaz Todiwala Ass.professor S.R. Luthra Institute of Management

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Page 1: Measuring effectiveness of training at surat peoples co op bank

A

SUMMER INTERNSHIP PROJECT

ON

“MEASURING EFFECTIVENESS OF TRAINING IN THE SURAT PEOPLE’S CO-OPERATIVE

BANK LTD”

 

Submitted by

Mr. Chitrak Sawadiyawala

Enrol.no.-138050592091

Submitted to

Ms. Parinaz Todiwala

Ass.professor

S.R. Luthra Institute of Management

Page 2: Measuring effectiveness of training at surat peoples co op bank

Introduction

Training and developing human capital is tremendously important in

the effective management and maintenance of a skilled workforce.

In order to implement right training methods, organization should be

aware of the training methods and their effectiveness.

The various training methods- both off-the-job and on-the-job- are

described along with their strengths and limitations.

Training is a part of the human resource development, along with

the other human resources activities, such as recruitment, selection

and compensation.

To implement the right training methods, the training specialist

should be aware of the pros and cons and effectiveness of each

training method.

Page 3: Measuring effectiveness of training at surat peoples co op bank

Banking Industry

Bank is a financial institution which receives deposits from the

public and lends them for investment purpose.

Features of banking

Money Dealing

Acceptance of deposit

Grant of loan and advances

Payment and withdrawal of deposits

Transfer of funds

Portfolio management

Foreign Exchange dealing

Page 4: Measuring effectiveness of training at surat peoples co op bank

PESTEL Analysis

Page 5: Measuring effectiveness of training at surat peoples co op bank

Surat People’s Co-Operative Bank

Nine decades of Trust, Excellence & Services

The Surat People’s Co-op Bank has been a pillar of support for the

thriving Industry and Trade in the city

Vision

To be India’s most respected and admired urban Co-Operative bank

by influencing people’s lives through personalized banking services

and partnering them in realizing their dreams

Page 6: Measuring effectiveness of training at surat peoples co op bank

Mission

To be a preferred financial service provider with a special focus on

innovative quality products, technical expertise & efficient services

for customer achieve their objectives and goals

Values

Accepted cardinal principle of corporate social responsibility and

accordingly they have tried to fulfill our social obligations to be

recognized as Surat people’s bank in real sense

Page 7: Measuring effectiveness of training at surat peoples co op bank
Page 8: Measuring effectiveness of training at surat peoples co op bank

Author Year Important Points

Bramley and Kitson 1994 The trainee’s reaction

Trainee’s learning

The behavioral outcome

organizational results

Hughey and Mussnug

1995 Focus on Soft skills

Ramu 2006 Cost of Training

Nagar 2009 Design of training program

Literature Review

Page 9: Measuring effectiveness of training at surat peoples co op bank

Research Methodology Problem Statement

The intention of this research is the measuring and analyzing

effectiveness of training in SURAT PEOPLE’S CO-OPERATIVE

BANK LTD., SURAT.

Research Objective

Primary objective

To Measuring Effectiveness of Training in SURAT PEOPLE’S CO-

OPERATIVE BANK.

Secondary Objective

To study the effectiveness of methods used in training of the

Page 10: Measuring effectiveness of training at surat peoples co op bank

employees.

To analyze whether the employees are satisfied with their current

training methods.

To collect and analyze the view of participants and superior on the

training.

Research Design

In this study descriptive research design is selected to continue

further.

Sampling

Sample size: Sample size consists of 100 respondents from bank’s

central office, main branch and udhna branch who are attend

training sessions.

Page 11: Measuring effectiveness of training at surat peoples co op bank

Method of sampling: The method used for sampling is non

probability Convenient Sampling.

Data Collection Methods

In this research I have selected survey method for collection of

primary data.

Data Collection Tool- Structured Questionnaire

Tools for Data Analysis- simple mathematical operation like

percentage, charts, etc…with the use of MSEXCEL

Sources of Data-

The primary data is collected from the employees and managers of

Surat people’s co-operative bank.

Page 12: Measuring effectiveness of training at surat peoples co op bank

The secondary data related to the topic has been obtained through

various sources like web content, journals, and books.

Limitations of the study

The convenient sampling technique has its own limitations.

Many times responses in questionnaire were incomplete and

biased, it may not represent accuracy in study.

Some of the respondents of the survey were unwilling to share

personal information.

Page 13: Measuring effectiveness of training at surat peoples co op bank

Data Analysis

Which Method of Training do you feel would be most effective?

Interactive case study Group discussion Classroom coaching Management games

68

28

68

77

2928

65

30

18

62

47

25

9

methods of training(in%)

very effective Somewhat effective Not effective

Page 14: Measuring effectiveness of training at surat peoples co op bank

How important are the following Training Topics?

A B C D E F0

10

20

30

40

50

60

70

80

90

21.

87

78

58

32

62

13

8

14

2427 2728

41

14

39

8

36

1

63 2 32

0 1 1 0 0

Very important Somewhat imp. Not Sure Not Now Not important

A- Recruitment & RetentionB- Customer Service

C- Branch Management

D- Credit Management

E- Leadership Effectiveness

F- NPA & Recovery management

Page 15: Measuring effectiveness of training at surat peoples co op bank

Training approaches should match the Organizational Culture?

Strongly Agree Agree Moderate Disagree Strongly Disagree

72

18

10

0 0

Responses(in%)

No. of Responses

Page 16: Measuring effectiveness of training at surat peoples co op bank

Rate the quality of training that you received from training sessions.

very beneficial beneficial not beneficial unimportance

57

41

20

Responses(in%)No. of Responses

Page 17: Measuring effectiveness of training at surat peoples co op bank

Does Training helps to increase the Motivation Level of Employee?

60%

32%

8%

Responses(in%)

Always Sometimes Never

Page 18: Measuring effectiveness of training at surat peoples co op bank

The Time duration given for the Training Period is…

42%

10%22%

26%

Responses(in%)

Sufficient To Be Extended To Be Shortened Manageable

Page 19: Measuring effectiveness of training at surat peoples co op bank

What are the General Complaints about the training sessions?

22%

15%

18%3%

42%

Responses(in%)

Take Away Precious Time of Employees To many gaps b/w sessionsTraining Sessions are unplanned Boring & Not usefulNo Complaints

Page 20: Measuring effectiveness of training at surat peoples co op bank

The Trainer was Well Prepared.

Strongly Agree Agree Neutral Disagree Strongly Disagree

33

49

18

0 0

Responses(in%)

No. of Responses

Page 21: Measuring effectiveness of training at surat peoples co op bank

Findings1. Methods of training

In this Research It is found that interactive session, Group

discussion and Class room type coaching method is more

effective.

Case study and Management Games are somewhat effective.

2. Importance of training topics

It indicates that Customer Services, Branch Management, Credit

Management and NPA & Recovery Management topics are very

important.

39% respondents are not sure about leadership effectiveness and

36% are not ready to say about Recruitment & Retention.

Page 22: Measuring effectiveness of training at surat peoples co op bank

It indicates that training approaches should match the

organizational culture effectively.

The quality of training which they receive from training sessions are

very beneficial.

It emphasize that training always helps to increase motivation level

of employees.

The time duration of training period is sufficient and more

respondents has no complaints about that.

Sometimes trainers are not well prepared so people are not

strongly agree with it.

Page 23: Measuring effectiveness of training at surat peoples co op bank

Conclusion

The training imparted meets objectives like:

Effectiveness of training and as its resultant in the performance of

employees.

Assists the employees to acquire skills, knowledge and attitude and

also enhance the same.

Helps to motivate employees and helps in avoiding mistakes.

Page 24: Measuring effectiveness of training at surat peoples co op bank

Recommendations Individual Attention may be provided to the trainees in order to

encourage their participation and make them perform better at their

job.

Employee’s feedback should be regularly obtained in order to

understand the effectiveness of training.

In Surat People’s Bank, trainees are not satisfy about the training

sessions because sometimes sessions are unplanned and too

many gaps between sessions. So they should reduce the gaps

between sessions.

Sometimes trainers are not prepared very well and they are not

able to answer the question of trainees.

Page 25: Measuring effectiveness of training at surat peoples co op bank

Thus the selection of trainer should be based on their experience

and skills.

Page 26: Measuring effectiveness of training at surat peoples co op bank

Bibliography

BOOKS

Cooper, Donald R. Business Research Methods. New Delhi: McGraw Hill

Education (India) Limited, 2013.

K.Ashwathappa. Human Resource and Personnel Management. New Delhi:

McGraw Hills Companies, 2007.

Websites

Encyclopedia. 2014. <http://en.wikipedia.org>.

Surat people's co-operative Bank. 1922. <www.spcbl.in>.

Article Journal

"General Overview Of Training and Measurement Models." Journal of

Commerce & Tourism Education Faculty 1 (2005): 13.

Ibrahim, Mohamed E. "Measuring Effectiveness of Training." The Journal of

Management Research 4 ( 2004).

"Measuring Training Effectiveness." Indian Journal of Industrial Relations 36

(2001).

Page 27: Measuring effectiveness of training at surat peoples co op bank