Open AccessA review on training and leadership development: its effectiveness for enhancing employee performance in Indian construction industry
Author(s) -
Pramod Kumar Misra,
Jitendra Mohanty
Publication year - 2021
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/1045/1/012020
Subject(s) - business , government (linguistics) , workforce , real estate , private sector , value (mathematics) , construction industry , labour economics , marketing , industrial organization , finance , economics , economic growth , engineering , philosophy , linguistics , machine learning , construction engineering , computer science
The second largest contributor to Indian GDP is the construction industry. It is the largest employing industry having huge economic potential which was valued over $126 billion in 2016 and it continues on a steady growth path. It is expected that the value of the real estate and construction market will increase seven-fold by 2028. Growth is likely to be underpinned by stable government support for infrastructure development, as well as through expanded private sector involvement. However, the industry suffers from inefficiencies that result in time and cost overrun in their projects. Some of the potential causes of inefficiencies originate from the underdeveloped labour market and poor organizational structures that operate in the industry. An exhaustive list of factors found to drive the industry to its inefficient operation resulting invariably to failures. If we put all these factors in one basket, they reduce to one single word; “lack of training of workforce and poor management”, whether it refers to the skilled, semi-skilled or unskilled labour force and/or the poor project management from the organizational side of the project. The present study extensively reviews problems of construction company that originate from the labour market.