Are we paying the price for a lack of investment in training our employees?
The Recruitment and Employment Confederation (the REC) released a press release last week highlighting that almost a half of the employers they interviewed stated they were expecting a shortage of candidates for roles and 42% said they had increased the salary on offer to get the positions filled.
The Chief Executive of the REC stated that
‘We need to train people up by embedding employability skills in schools, providing effective careers guidance and promoting apprenticeships. Employers should take responsibility for investing in training – it will help them retain staff and grow their own talent’
The REC report was almost tame compared to the Armageddon scenario the Chartered Institute of Personnel and Development (CIPD) released on the 19th April, that the UK was sleepwalking into a low-value and low-skills economy due to a continual lack of investment over two decades into skills development.
The authors of the CIPD report said that
‘while efforts are being made to reform education, it’s clear that there needs to be a much greater emphasis on learning and development in the workplace’
In our experience, many organisations treat training and development as a cost to the business using reasons ranging from,
‘We’re a small business and everyone knows their job’ to ‘We’ve been doing the same thing for years’
and while these may be legitimate reasons to a certain extent, it’s a small comfort when the company is struggling to survive in today’s highly competitive environment.
The Association of Accounting Technicians (AAT) put the solution bluntly; Want your staff to stay? Make training a priority!’ In their ebook of the same name, they identify some great reasons;
- Increased Productivity
- Improved Morale
- Business growth
- Future-proofed workforce
How will you look at this list though?
Is it a simple list of all the reasons that you know but don’t have time to do, or something that will encourage you to join the growing number of companies that are starting to reinvest in training and competency?
Fortunately, we can help.
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