Now is the time to train – and retain staff

In these tough times, it should be recognised that training and skills development are a company’s future guarantee of success, according to Carol Knox, skills programme manager for the Institute of Chartered Shipbrokers (ICS). “Experts advise companies not to cut training budgets when cost-cutting,” she told FTW. “It remains imperative to the success of most companies. “Not developing skills in the short run leads to major expense in the long run. “ Knox also stressed that it was generally accepted that training and development led to improved profitability and more positive attitudes from staff. “It also helps in creating a healthy working environment where employee relationships are improved and individuals can align their personal goals with those of the organisation,” she said. “Training may just be the saving grace of companies during these tough economic times due to these variables.” With skills development levy revenues set to rise to R9-billion by 2010/11, Knox says it’s clear that the government remains as committed to training and skills development as ever – and now is the best opportunity for companies to train and retain their staff. “Companies should also invest in a workplace skills audit,” she added. “When completing a workplace skills plan, companies will qualify to claim back 50% of skills levies if the training is done in accordance with this plan, and they use accredited providers offering accredited courses.”