NECESSITY OF TRAINING AND DEVELOPMENT IN ANY ORGANIZATION Introduction As organizations try to survive in the turbulent dynamic market, strong emphasis must be laid on human capital in order to be competitive and financially solvent. However, there are other factors that affect organizations’ success; organizations must possess productive (i.e. effective and efficient) employees. In addition, organizations differentiating on the basis of human capital due to its intangible characteristics such knowledge, skills and motivation of workforce increasingly sees it as invaluable in order to remain sustainable in the market. Thus organizations should have employees that have capability of adjusting to swift dynamic business environment. Seylan Bank PLC, (2017) in spend more than Rs. 6 Million and 369 training program and 78,610 hours and it cost the profit per employee was Rs. 1.38 Million annually on employee training and development. In an environment where t...