Training out of a Recession
Companies and organisations need to redouble their commitment to job training, a new report has revealed.
The survey, Training out of the Recession, commissioned by interactive technology company, Promethean, has said that enhancing the skills of employees is a vital component to increase productivity and profits.
Many of the business executives and public sector workers found that high unemployment has taken a toll on job prospects, skill and training of the working age population in the country. Companies said that a more efficient and better trained workforce would lead to an increase of 20 per cent or more in profit.
Just less than 50 per cent of UK executives think that the government needs to work with the private sector to offer more training. Employee productivity was another area that could improve as a result of the training, 90 per cent of respondents said.
Jim Wynn, Promethean's chief education officer, said: "The findings of the analysis confirm that training not only leads to increases in productivity and customer satisfaction, but a 20 per cent jump in profits.
"Skills training is not just a growth issue, but a vital component for companies in surviving this recession. The challenge is that fewer employers are devoting adequate resources to training yet the benefits of training are hard to ignore."
"During this challenging time we are all making strides to combat unemployment so we must all recognise that training is a key component to stimulate growth, and therefore an issue for employers, employees and the nation."
"Improving the quality of training starts with increasing collaboration and interactivity to support a more personalised training experience. As a result, we will see a boost in productivity, the strengthening of our businesses and benefits to the economy as a whole."
Article from The Training Journal
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