Don’t cut training in tough times: An article by Alistair Barnwell
The current tough economic climate is obviously putting increased pressure on business budgets, and as firms look at ways of reducing costs, training is often one area where cuts are made.
But the reality is that, for a number of reasons, reducing your investment in training is often a false economy. For a start, failing to keep yourself and your team up to date with the latest business knowledge and techniques can often mean that you miss out on developments which can help you to reduce costs in other areas – for example, if new software or machinery is available which can help you to be more efficient.
You also risk the prospect of having an under-skilled workforce in place when the economy does start to pick up, so while your rivals may be in a position to take advantage, you will be lagging behind.
And at a time when client service is a crucial element in retaining customers, you can’t afford for your team not to be able to give the best possible advice, service and support.
It’s an ethos we’ve always understood at Bird Luckin, where we’ve made sure that, whatever the economic climate, continuing professional development (CPD) is a priority for members of the team.
So rather than reducing training budgets, the issue for most businesses should be to identify the most effective training which represents the best value for money. And while the Government has come in for criticism in a number of areas from the SME and business sectors, training initiatives have been one of the more successful developments over recent years.
The national skills service, Train to Gain, is there to help business of all sizes identify training needs, find suitable training providers and get access to funding. The aim of the service is to improve the skills of your employees as a route to improving your business performance. Train to Gain can give one-to-one advice and develop a training package that is tailored to your business, whatever its size, offering skills advice on everything from Investors in People and basic skills through to leadership and management training. Businesses can get access to the Train to Gain service by contacting the agency direct (www.traintogain.gov.uk), or use the service’s college and training provider to find a local organisation to work with.
As I’ve highlighted many times before in this column, one of the key issues for business leaders is making sure they have the time to work ‘on’ their business, rather than being swamped with working ‘in’ their business, and organising and implementing training can be challenging and time-consuming for any employers. A skills broker, college or training provider can take on much of the hard work, identifying quality courses, provision and business support, helping you schedule your training and, crucially, helping you to access any funding that you may be eligible for.
So while all business are looking for ways to reduce costs, you can make sure that when it comes to training, the efficiencies you introduce actually put you in a stronger position to survive the tough times, and to make the most of future opportunities.
For more information please contact Jenny Cook at Bird Luckin Chelmsford Office on 01245 254241 or e-mail jennycook@bird-luckin.co.uk




