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A Practicable Implementation of Training and Development in Professional Services: The Case of Accountants in Cyprus

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The Synergy of Business Theory and Practice

Abstract

The aim of this empirical research is to identify whether the investment of organisations in training and development (T&D) practices affects the retention of professional accountants in Cyprus by their current employers. The results show that the congruence between employee interests and training programmes and the level of investment in T&D are the two major elements of T&D that have a significant positive impact on employee retention. Congruence between employee interests and training programmes in comparison with the level of investment in T&D affects employee retention more. However, both elements are significantly important. This study provides guidelines to practitioners in order to develop and implement their HR and T&D strategy that will assist them to achieve the desired sustainable competitive advantage.

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Acknowledgements

The authors are grateful to Professor Warren Smith, dissertation supervisor, for his helpful comments during the development of this study.

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Authors and Affiliations

  1. University of Leicester, Leicester, UK

    Loucas Theodorou

  2. Department of Marketing, University of Nicosia, Nicosia, Cyprus

    Demetris Vrontis

  3. University of Nicosia, Nicosia, Cyprus

    Michael Christofi

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  1. Loucas Theodorou
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  2. Demetris Vrontis
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  3. Michael Christofi
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Correspondence to Michael Christofi .

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Editors and Affiliations

  1. Department of Marketing, University of Nicosia, Nicosia, Cyprus

    Alkis Thrassou  & Demetris Vrontis  & 

  2. School of Business Administration, College of Management, Rishon Lezion, Israel

    Yaakov Weber

  3. Newcastle Business School, Northumbria University, Newcastle Upon Tyne, UK

    S. M. Riad Shams

  4. Department of Accounting and Finance, Hellenic Mediterranean University, Heraklion, Crete, Greece

    Evangelos Tsoukatos

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Theodorou, L., Vrontis, D., Christofi, M. (2019). A Practicable Implementation of Training and Development in Professional Services: The Case of Accountants in Cyprus. In: Thrassou, A., Vrontis, D., Weber, Y., Shams, S.M.R., Tsoukatos, E. (eds) The Synergy of Business Theory and Practice. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17523-8_4

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