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

Elena Cristina Cernatescu (), Andra-Nicoleta Ploscaru () and Simona Dumitriu ()
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Elena Cristina Cernatescu: University of Craiova
Andra-Nicoleta Ploscaru: University of Craiova
Simona Dumitriu: University of Craiova

Ovidius University Annals, Economic Sciences Series, 2021, vol. XXI, issue 2, 623-628

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.

Keywords: training; personal development; productivity; performance; profit (search for similar items in EconPapers)
JEL-codes: M53 (search for similar items in EconPapers)
Date: 2021
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