Training and Development in Sampath Bank PLC

Training and Development in Sampath Bank PLC

Training and development is one of the major branches of HRM that targets at improving existing skills and acquire new skills through a variety of techniques. Training and development enables employers to maximize talent that exists within employees, thereby increasing productivity and efficiency. It can be defined as “function of human resource management concerned with organizational activity aimed at bettering the performance of individuals and groups in organizational settings” (Raheja, 2015).

Sampath Bank PLC uses a variety of techniques for training & development purposes. “Over 90% of the talent requirement is developed within the bank through systematic people development and talent management strategies” (Island.lk, 2013). The bank also believes in developing leaders at all levels and the techniques are targeted every level in the hierarchy. “The bank greatly encourages professional and personal development as well as team work through a range of programs which include focused Training and Development, Executive Talent Development Programs and Mentoring and Counseling” (Island.lk, 2016).

 “The bank’s training and development consists of internal training, regional training and external training inclusive of overseas training” (Ft.lk, 2016). This ensures employee retention and business growth as the employees are given the right training to be skillful and provides opportunities for both personal and professional growth.

“The e-learning platform created for employees with latest technology enables employees to access e-learning via their mobile phones” (Island.lk, 2016). This initiative especially appeals to the Generation ‘Y’ and is cost effective, fast and easily accessible.

“The Bank has set up a Leadership Academy a unique initiative with a view to develop leaders at all levels” (Island.lk, 2016). This enables leadership and professional skills development of employees thereby contributing to the bottom line of the bank.

Another initiative by Sampath Bank PLC is the introduction of ‘The Branch Bench Strength’ that measures job rotations of employees. “With this initiative, team members are exposed to different areas of operations within the branch, thus mastering the art and skills of a wide range of areas” (Island.lk, 2016). This further strengthens customer service and provides opportunities to employees to acquire more knowledge and skills to improve themselves.

References

Ft.lk. Sampath Bank wins two national HR Excellence Awards for 2013. [online] Available at: http://www.ft.lk/hr/sampath-bank-wins-two-national-hr-excellence-awards-for-2013/47-166107 [Accessed 2 Jun. 2019].

Island.lk. (2013). The Island. [online] Available at: http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=85030 [Accessed 19 May 2019].

Island.lk. (2016). The Island. [online] Available at: http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=149491 [Accessed 2 Jun. 2019].

Raheja, K. (2015). Methods of training and development. Innovative Journal of Business and Management, 4(2), pp.35 – 41.