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Employees' Perceptions Concerning the Influences of Training and Personal Development Programs on Performance, Productivity, and Profit

Author

Listed:
  • Elena Cristina Cernatescu

    (University of Craiova)

  • Andra-Nicoleta Ploscaru

    (University of Craiova)

  • Simona Dumitriu

    (University of Craiova)

Abstract

While many organizations acknowledge the skills shortage in the labor market, there is a reluctance to engage in Training and Personal Development Programs (TPDPs), although they are aware that the results are significantly positive. This is because organizations, particularly in the private area, want financial gain and an increase in the organization's value in the shortest possible time. However, much empirical research has found several positive correlations between TPDPs and several outcome indicators at the organizational level: productivity, performance, and profitability. The aim of our research starts from these correlations found in the literature, which we propose to test at the level of some Romanian public institutions. The results show strong influences of TPDPs on direct productivity growth and significant indirect influences on performance and profitability.

Suggested Citation

  • Elena Cristina Cernatescu & Andra-Nicoleta Ploscaru & Simona Dumitriu, 2021. "Employees' Perceptions Concerning the Influences of Training and Personal Development Programs on Performance, Productivity, and Profit," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 623-628, December.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:623-628
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    References listed on IDEAS

    as
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    2. Divina M. Edralin, 2011. "Training and development practices of large Philippines companies," Asia Pacific Business Review, Taylor & Francis Journals, vol. 17(2), pages 225-239, April.
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    5. Giulio Bottazzi & Angelo Secchi & Federico Tamagni, 2008. "Productivity, profitability and financial performance," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 17(4), pages 711-751, August.
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    More about this item

    Keywords

    training; personal development; productivity; performance; profit;
    All these keywords.

    JEL classification:

    • M53 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Training

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