Companies have to find more innovative ways in training and developing their workforce
Most organisations are suffering budget cuts that are having an affect on training and development in the workplace. Staff retention and development has become increasingly important as it has become too expensive to take on new employees.
The latest figures from the Chartered Institute for Personnel and Development (CIPD) show that training budgets are been reduced. Of the 601 organisations polled, 78% of the public sector managers said they had less money to spend on training in 2011 compared to previous years. Of these, many believed that training budgets in 2012 would fall again.
Government sources are reporting that there has been a reduction in workforce training and development as departments are faced with the choice between cutting training budgets or cutting staff.
"It's clear from the figures the balance of pain is being loaded more on the public sector than any other," says John McGurk, the CIPD's adviser on learning and talent development. "But this doesn't mean there is less learning and development going on, just that it's being delivered differently."
"The skills and expertise of existing staff has become an even more valuable resource to develop other staff through mentoring and having powerful conversations. There has to be an increase in project-based learning, allocating learning time for each employee and creating an atmosphere where staff want to learn."
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