Abstract:
This empirical study examines labour turnover and human resource development (HRD) in
private sector companies in Sri Lanka in comparison with Japanese companies. Case study
was based on 4 companies in financial sector, 2 from each country. In-depth interviews and
structured questionnaires were administered to collect data from sample of executives. The
qualitative and quantitative data were analyzed using contents analysis and grounded theory
and %2 test, t test, etc. Labour turnover is higher at 5% significance level in Sri Lankan
companies compared to that of Japanese companies. HRD systems of Sri Lankan companies
have major differences where as Japanese companies' systems are similar. HRD systems
and practices are changing in both the countries. The possibility of revamping the HRD
systems of the private sector companies of Sri Lanka should be investigated in future
studies. Further due consideration should be given to study the possibility of formation of a
training institution of HR in national level.
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