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Effects of training and development practices on performance of insurance sector in Kenya

Author

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  • Ben Kajwang

    (Chief Executive Officer, College of Insurance, Nairobi, Kenya)

Abstract

The study examined the effects of training and development practices on the performance of the insurance sector in Kenya. The study was conducted using a desktop methodology. This involved the use of secondary data that has been acquired from existing resources such as published studies, reports, and statistics. Many researchers prefer this method of collecting data since it saves time and reduces the cost of data collection. It is also quite reliable and has a wide variety of insights since it is collected from well-known sources. The current study used online journals and libraries which provide easy access to secondary data. The results revealed that there exist conceptual and geographical gaps relating to the study on the effects of training and development practices on the performance of the insurance sector in Kenya. Most of the results from the empirical review revealed that training and development practices positively affect the performance of the insurance sector. In addition, training and development practices were found to have a positive effect on employee productivity, employee engagement and employee retention. the study will benefit many stakeholders. The human resource managers will use the findings of the study to identify other training and development practices that have been used to improve the performance of employees in the insurance sector. The HR managers will also be able to understand the expectation of employees during the implementation of training programs in the organizations so as to ensure they are more effective. Policymakers can also use the findings of the study to adopt the appropriate measures that can be used to ensure that training programs are effective and have a long-term effect on the performance of insurance firms. Researchers and academicians interested in carrying out research on training and development practices will also benefit from the findings of this study since this study will form the basis for their literature work. While future researchers may be inspired to conduct more studies to improve on this study. Key Words:Effects, Training and Development practices, performance, insurance sector.

Suggested Citation

  • Ben Kajwang, 2022. "Effects of training and development practices on performance of insurance sector in Kenya," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(4), pages 140-148, June.
    • Handle: RePEc:rbs:ijbrss:v:11:y:2022:i:4:p:140-148
    DOI: 10.20525/ijrbs.v11i4.1825
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    References listed on IDEAS

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    2. Sajid Mohy Ul Din & Arpah Abu-Bakar & Angappan Regupathi, 2017. "Does insurance promote economic growth: A comparative study of developed and emerging/developing economies," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1390029-139, January.
    3. Alex Maina Kamau & Tobias Olweny & Willy Mwangi Muturi, 2021. "Financial Performance of Insurance Firms. Does Leverage and Liquidity Matter? Evidence from Kenya," Eastern Journal of Economics and Finance, Online Science Publishing, vol. 6(1), pages 1-14.
    4. Kamalpreet Kaur Paposa & Y. Mohit Kumar, 2019. "Impact of Training and Development Practices on Job Satisfaction: A Study on Faculty Members of Technical Education Institutes," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 44(3), pages 248-262, August.
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