McDonald's: Training workers will aid recovery

13 January 2009

Firms should invest in training as this will help them recover from the current downturn, according to one expert.

Categories: People management  |  Learning & development

Companies which invest in the future of their workforce will recover quicker once the economy picks up, according to one business leader.

David Fairhusrt, senior vice-president at fast food giant McDonald's, explained that providing training to people not only improves their skills but also boosts the firm they work for.

"It has never been more important to continue investing in skills and all the evidence shows it will lead to a faster recovery from the downturn," he said.

By improving the skills base of a workforce firms will also be helping the UK economy as a whole, Mr Fairhurst added.

Companies can also collaborate on the matter to boost the sector they are involved in, he stated.

Last month, Alex Farrell, managing director of the IT Jobs Board, stated that staff value training and development more than a pay rise.

According to Ms Farrell, offering education also helps companies retain their best workers.ADNFCR-1459-ID-18970790-ADNFCR

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