The impact of the recession on training
CFE commissioned a poll, carried out by ICM of over 500 businesses looking at whether staff training and development is suffering because of the economic climate.
The research revealed some interesting findings including that almost three quarters of respondents (73%) agreed with the statement that has been made by several government ministers, including Lord Mandelson, Secretary of State of the Department for Business, Innovation and Skills (BIS), that ‘businesses that invest in training are less likely to fail’.
Other findings included:
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73% of businesses indicated that they had undertaken some form of work related training in the preceding 6 months
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63% said that they would maintain the same levels of training during the recession
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16% reported they would increase levels of training and a further 16% reported they would decrease the levels
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57% of employers said they carried out training as part of a long term strategy to up-skill employees
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72% of businesses felt that government should be doing more to help businesses invest in training during a recession
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52% wanted additional government support to be ‘financial assistance / support’ and only 1% wanted more initiatives
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84% (including don’t know responses) of businesses reported they were not aware of any government-funded initiatives to support training and development in the recession
A summary report with the findings can be found here.
For more information about this research please contact Carole Sanchez.
For press enquiries please contact Lucy Bartram on
0116 229 3300.
July 2009