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Cost-effectiveness of Training Programmes in Insurance Sector of India

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  • Surbhi JAIN

    (Commerce Department, M.D. University)

Abstract

In the present era of globalization, trough competition and advancement of information technology, the paradigm for success has shifted towards intellectual assets. New ways of commerce and management structures are required to effectively exploit intellectual assets foremost to an improved approach on the development of human capital. Training requires substantial allocation of monetary, human and time resources. A systematic evaluation of training programs is the call of the time. The insurance sector has been playing a vital role in the process of economic advancement since independence in India. The objective of the present study is to identify the cost-effectiveness of training programs in the insurance sector in India. A sample of four companies has been randomly selected. This study is descriptive in nature. Secondary data has been analysed. Effectiveness-cost ratios were calculated and inferences have been drawn accordingly. Finding suggests that training programs in public insurance sector is more cost-effective as compared to private insurance sector in India.

Suggested Citation

  • Surbhi JAIN, 2015. "Cost-effectiveness of Training Programmes in Insurance Sector of India," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 3(3), pages 533-551, September.
    • Handle: RePEc:nup:jrmdke:v:3:y:2015:i:3:p:533-551
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    References listed on IDEAS

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    1. Andrei Stefan NESTIAN, 2013. "Organizational Knowledge Conversion and Creation Processes in a Chaotic Environment," Management Dynamics in the Knowledge Economy, College of Management, National University of Political Studies and Public Administration, vol. 1(1), pages 55-70, May.
    2. Birch, Stephen & Gafni, Amiram, 1992. "Cost effectiveness/utility analyses : Do current decision rules lead us to where we want to be?," Journal of Health Economics, Elsevier, vol. 11(3), pages 279-296, October.
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    Cited by:

    1. Yanika Gauci & Simon Grima & Yannis Thalassinos & Inna Romanova, 2021. "Training in the Financial Industry: An Effectiveness Study on a Small EU Island State," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 1258-1287.

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