Training and development: a key variable to faculty retention

Talent management is the systematic attraction, identification, development, engagement/ retention and deployment of those individuals with high potential who are of particular value to an organization. Management education in India is considered as professional education and hence it comes under the purview of AICTE which is a regulatory and quality maintenance body of Govt. of India. The guidelines for faculty recruitment are prescribed but their other service related benefits are not ensured by the promoters of these institutions. Moreover only few institutions adhere to the norms laid by government bodies and most of the institutions refrain from following them. These organizational conditions lead to faculty turnover intentions that cause serious damage to management education and its quality and credibility. Faculty turnover as an education problem has received more attention recently as business schools failed to attract and retain talented faculty members which resulted in deteriorating the quality of business education. The present research is an attempt to find the relation between training and development and faculty retention. The study implies that training and development as an important human resource factor for the retention of faculty members in self-financed institutions offering professional education like management programme.