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Analyzing the Impact of Companies’ Investment on Skill Upgradation in Improving their Resilience amidst COVID-19

Author

Listed:
  • G.K., Chetan Kumar
  • K.B., Rangappa
  • S., Suchitra

Abstract

On the job training has always been viewed as an avenue to improve the production and productivity of companies. In the dynamic world that we live in on the job training and skill upgradation has become very important for all the companies to stay relevant in their domain. This holds true independent of the size of companies in question. It is more so needed in India, wherein what academia offers to our graduates is not in line with Industrial requirements. In our study we have analyzed the impact of on-the-job training and skill upgradation on company’s ability to overcome the demand shock caused by pandemic. To understand the same, we have used GARCH model to analyze the rate at which shock caused by COVID-19 subsided among large, mid, and small cap companies. Through our empirical analysis we were able to conclude that, large cap companies who were spending substantial amount on skill upgradation of their employees were able to revert to normalcy at a higher rate as compared to mid and small cap companies.

Suggested Citation

  • G.K., Chetan Kumar & K.B., Rangappa & S., Suchitra, 2022. "Analyzing the Impact of Companies’ Investment on Skill Upgradation in Improving their Resilience amidst COVID-19," MPRA Paper 112425, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:112425
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    References listed on IDEAS

    as
    1. Ravi Bapna & Nishtha Langer & Amit Mehra & Ram Gopal & Alok Gupta, 2013. "Human Capital Investments and Employee Performance: An Analysis of IT Services Industry," Management Science, INFORMS, vol. 59(3), pages 641-658, November.
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    More about this item

    Keywords

    On the Job Training; Skill Upgradation; GARCH model; shock subsidence;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C4 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling
    • C58 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Financial Econometrics
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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