HR profession tells Industry--"Spend more on Training"

August 2004
Management Services;Aug2004, Vol. 48 Issue 8, p4
Academic Journal
This article discusses the results of a survey conducted by Croner, which revealed that 85 percent of employers in Great Britain may not be investing enough on developing their staff as of August 2004. Research by Croner in 2003 revealed that 52 percent of organizations had cut their training budgets. Richard Smith, employment law expert at Croner, believes that with a general shortage of key skills, especially in the areas of creativity, knowledge, and new technologies, training is an essential tool and cutting the training budget could affect companies' prospects of future success. Training that encompasses personal and career development of employees is essential to attracting, motivating, and retaining staff, and is therefore critical to business success. Investing in people can make employees feel valued and therefore increase job satisfaction and security, and loyalty to their employer. Croner is advising employers to assess the training and development needs of their staff to gauge whether managers have the necessary skills to deliver effective training. With many professionals concerned about management skills not keeping pace with organizational change, Croner is offering a free in-depth training package that provides valuable insight into three key areas: leadership, employee development, and equal opportunities training.


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