Nearly a third of UK employers plan to cut their investment in skills, according to a survey by the CBI.
Not a good move.
At least there is some good news in the survey: 58% plan no change in their investment. 14% plan to increase their investment.
Yet 63% consider it vital to their business objectives to invest in skills. They can’t have it both ways.
The biggest impact on skills is through training, not hiring. And 69% want a more cost-effective way of training. They need look no further than e-learning. But to make it a success the organisation has to get senior management to buy in. Some senior managers do not yet see e-learning as a viable option.
Hopefully the financial squeeze will force them all to look seriously at it. If, that is, they really do want to invest in skills.