Midland bosses are continuing to invest in training despite the
recession and downturn in profits.
According to the West Midlands branch of the Institute of
Directors, eight out of ten employers canvassed in a new survey say
their organisations have maintained or increased training spend in
the past six months
The majority think it is a positive way to boost staff morale
and even increase productivity as businesses innovate to fight the
recession
They are looking to reduce other expenditure such as hospitality
spend, staff bonuses, entertainment and events.
The IoD survey of nearly 1,000 business leaders reveals that
training has been maintained or even increased in eight out of ten
organisations over the six months to May 2009.
Nearly nine out of ten companies plan to maintain investment in
training over the next six months.
IoD members identified improved staff morale, better
productivity, improved customer satisfaction and longer staff
retention as the main benefits of investment in training.
Employers say that they are focusing most on 'essential'
training. These are likely to be short courses designed to meet
immediate business needs, rather than strategic aims such as
degrees and professional qualifications.
The recession has also spurred organisations to deliver training
in new and innovative ways.
Many employers are taking training in-house, using experienced
staff to train others, looking to share training expertise with
other companies and turning to online training courses.
Richard Boot, the IoD chairman in the West Midlands said: "These
results show the fundamental importance of skills training.
"IoD members think that maintaining training now will help
position their organisations well for the upturn. The mood is
firmly one of innovation and determination, not defeatism."
"The survey also sends an illuminating signal about the wider
skills system, whose labyrinthine complexity is a nightmare for
employers.
"Train to Gain includes some well targeted initiatives, notably
the leadership and management support.
Seventy per cent of those who use the service are satisfied with
its quality, but it remains a minority pursuit for most IoD members
- many of whom are put off by excessive bureaucracy and a lack of
flexibility.
"These issues must be addressed: they are a brake on greater
employer engagement."