30-09-2008
Training should be viewed as an investment
Training should not be seen as an extra cost but as an investment, one business expert has claimed.
According to the Institute of the Motor Industry (IMI), when economic conditions become tough and budgets are reduced it is often training opportunities which go first.
Cutting training budgets is not something to recommend as people are often required to do different jobs, said the body.
A spokesperson for the IMI said: "Businesses shouldn't necessarily forget about training in this tough time because the market will pick up again and they want to ensure that all their extra staff are adequately trained to cope with the future."
In industries across the country firms are looking to see where they can make savings in their business due to the effects of the economic downturn, he added.
Figures from the IMI reveal that 40,000 'home grown' apprentices are needed in the automotive sector by 2013.
Over 600,000 people are currently employed in the industry with 20,000 apprentices currently being trained.
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