Training "key" to business prosperity and growth

26 November 2008

Businesses which train their employees properly can gain an advantage over their rivals, according to an expert.

Categories: Talent management

It is vital for businesses to offer adequate training to employees as it can improve not only the productivity and efficiency of workers, but also staff retention rates, one expert has said.

Jaine Clarke, director of communications at the Learning and Skills Council, claimed that "progressive" companies are able to understand the importance of training staff, which can help them to outstrip their rivals in the marketplace and survive economic difficulties.

"Training is key if businesses are to prosper and grow - whatever the economic circumstances," she remarked.

Statistics from Evaluation of Train to Gain showed that 43 per cent of workers received pay rises as a result of training, while 42 per cent of employers claimed it boosted their productivity and profitability, Ms Clarke added.

Learning strategy director Kevin Lowell wrote for Personnel Today last month that companies should not cut back on their training budgets as a result of the credit crunch.ADNFCR-1459-ID-18897094-ADNFCR

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