Training and Development Practices in Bangladesh: A Case Study on Asian Lubricants Bangladesh Ltd

Abstract

In this competitive arena of business organizations are trying their level best to wrap up the best feedback from the marketplace. Asian Lubricants Bangladesh Ltd. is a growing company that has not expanded its business unit yet. They are focused on the great demanding sector – the lubricating oil sector of Bangladesh. As the population and urbanization grow rapidly the demand for production rises as well. Meanwhile, the existing companies are not capable of fulfilling the increasing demand. To enter into the market strongly, skilled human resources are very much vital. As we all know human resources is like the life and blood of every company because skillful talents are the sources of competitive advantages. They need continuous upgrades of their skills, knowledge, and attitudes as per the nature of the products and services. Training them to bring them on par with the organization's goals and in tune with the business trends is necessary, which will also ensure optimal performance from the employees. Asian Lubricants Bangladesh Ltd. defines different reasons or goals for conducting training among employees. Their first target is to ensure job satisfaction, motivation, and morale among employees. Then to increase the efficiencies and the capacity of adopting new technologies and methods among the employees, which will also result in financial gain. Asian Lubricants Bangladesh Ltd. also brings innovative culture in strategies and products through the training. Ultimately that will reduce employee turnover and enhance company image. Introducing training for employees is beneficial to get new skills and knowledge as well as develop the level of expertise. But they should find a better combination of training and development. Because in Asian Lubricants Bangladesh Ltd. the employee’s career development issues still get ignored, where the main concentration is given only in the training part. So, the part of development should get more precedence and concentration than the present time.