The latest employment survey by the UK Commission for Employment and Skills (UKCES) shows that employers are continuing to invest in training and development. On average, 62% of the workforce has undertaken training, equating to £42.9bn of employer expenditure - an average of £2,550 per person.
Increasing amounts of employees are being trained, and a significant amount is being spent on training by employers looking to gain a competitive edge. Many firms report that the market is increasingly dictating the price of goods and services, so the route to profitability and competitive advantage lies in internal productivity and efficiency - driven by high-performing staff.
However, it is not enough for employers to engage in training for training’s sake. In order to maximise return on investment, it must be the right training, at the right time, for the right people.