Value of Training and Development during Recession to Employees: Evidence from Nigeria

Abstract

Training and development is an important aspect in organizational studies. The focus of this research is to investigate what value employees place on training and development during recession, particularly their views on the impact of recession on the level of investment. Therefore, in order to maintain the focus of the study, the researcher has taken Adama Beverages Ltd as a case study. The methods of investigation consist of the secondary data comprised of literature review and primary data which cover the case study. The methods aim at drawing out the key issues relevant to the research, and then relating it back to the literature review. The findings conform to the previous studies which state that recession has a potential impact on the level of investment. However, the analysis illustrates a strong reluctance by employers of Adama beverages Ltd to slash on training budgets. As a result, the company struggled to maintain the trainings by selecting the type of training programs and prioritizing the trainings when necessary. Yet, regardless of the employers' efforts to provide adequate training, more than half of the employees are still unsatisfied. The implication of this perception can lead to low morale, low commitment and low productivity. Therefore, the study concludes that employee training and development is something employers increasingly need to maintain during recession. During such times, competition still exists and for any company to sustain a competitive advantage, employees need to be trained and satisfied, in order to respond to change in the challenging environment.