The main purpose of this study is to find out how a training program can be evaluated from the perspectives of the employees.The literature reviewed highlighted that the effectiveness of a training program can be fairly measured by comparing pre-training expectations with post -training experience. It examines the effectiveness of a training program offered to 108 trainees of a leading private sector bank .The data was extracted from the employees through a questionnaire based on Kirkpatrick's model of training evaluation. A chi-square test revealed that the demographic variables are independent of the efficacy gap. A paired sample t- test was conducted and it has been concluded that the trainees did not find the program effective. The factor analysis indicates that the grouping of the variables into factors fairly matches with the Kirkpatrick's model of training evaluation with certain exceptions. Finally, a multiple regression analysis was conducted which revealed that the factors extracted in factor analysis are significant in explaining training effectiveness.