News: Performance Management
Training investment 'provides a higher calibre of employee'
20 April 2009
Companies should invest in training as this provides them with a higher calibre of employees, an expert asserts.
Will Cookson, head of skills at Working Link, claims that businesses which invest in their staff are more likely to retain them as they will feel a higher level of engagement with their firm.
He says sectors with a traditionally high turnover such as retail have the most to gain from training, as these employees are more likely to stay with their employer.
"If you continue to not train people and leave them with the same skills you would have had ten years ago, those skills are going to become obsolete," he asserts.
Mr Cookson says effective investment will enable members of staff to progress within the company and allows the business to succeed in the marketplace.
The Leitch Review of Skills in 2006 emphasised the importance of skills development to companies aiming to compete on a global scale.
It suggests that training can act as a key lever to create change in society at large.
