A study by the Institute of Directors reinforces the view that investing in skills and training now will help combat the effects of the recession.
The report reveals that 88% of directors were planning to maintain or increase training investment meaning that they see the downturn as an opportunity that will reap rewards when the upturn comes.
The study found:
• 76% say it boosts staff morale
• 74% say it improves productivity and/or profitability
• 69% see how it increases customer satisfaction
• 62% have noticed its positive effects on staff retention
Train to Gain scheme from Business Link offers access to funding support. Of interest to practice owners (with 5- 250 employees) is grant support of up to £1,000 for skills development. If you think about marketing for accountants, this could cover some training and coaching via our Marketing Mentor programme.