CHANGES IN FINANCIAL STATUS HAVE IMPACT ON UNDERTAKING TRAINING PROGRAMS; A MULTI-ORGANIZATIONAL CASE STUDY

Purpose of research; Corporate are always boasting of conducting such programs irrespective of their financial status. While analyzing such practicality and rationality was the base purpose of this research but the result appears somewhat different. Result of organizational performance and status interpretation in this research displayed a dismal state of affairs as far as the HR function is concerned. Methodology; Four organizations were taken into consideration. Tata Steel Jamsedpur, NALCO Damanjodi Odisha, FACOR Balasore and Visa Steel of Kalinga Nagar in Odisha were considered as sample organisations. Descriptive analysis were done to assess the profitability ratio of these companies by taking ratio analysis from their annual reports of five years from 2009 to 2013.Data were collected regarding their training programs conducted both in-house and out-house. A statistical observation was done to see the relationship between the profitability and no of training programs conducted. Expected result; Ho-1:-Changes in financial status has no impact on undertaking Training Programs. This null hypothesis was taken considering the relationship between the financial status and the no of training programs conducted in the companies.