I am a final year student in the UK. I am currently in the process of starting my dissertation on the topic of Training and Development: Critically Examine the Impact of Recession on Learning and Development Provisions in Organizations. If anyone can help me in any way possible with some materials or ideas on how to structure it, I will surely appreciate it.
Thank you.
From Romania, Pitesti
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2Thank you.
From Romania, Pitesti
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Well, the recession has done terrible damage to the Training & Development sector. When a recession hits, companies cut back on trainers and the training budget—which is understandable—as companies have to minimize their risks and secure themselves for 'hibernation mode'.
But companies lack the courage to pursue the risk of maintaining their training budget or even increasing it during these times. You see, 70% of a business's untapped potential lies in its people. By exploring and capitalizing on the potential your staff has to offer during a recession, you actually give yourself a competitive edge.
Leveraging Staff Potential Through Training
Companies need to learn how to leverage the value that their staff offers more effectively, and this can be done through training.
Conditions for Effective Training During a Recession
However, it must be noted that training can only have a positive effect during a recession if:
- The training has a strong bearing on the bottom line/productivity.
- The training provided is quality-focused.
- Follow-up programs are conducted to ensure the impact of the training program.
This is just a basic off-the-bat opinion—hope it helped.
From India, Bangalore
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But companies lack the courage to pursue the risk of maintaining their training budget or even increasing it during these times. You see, 70% of a business's untapped potential lies in its people. By exploring and capitalizing on the potential your staff has to offer during a recession, you actually give yourself a competitive edge.
Leveraging Staff Potential Through Training
Companies need to learn how to leverage the value that their staff offers more effectively, and this can be done through training.
Conditions for Effective Training During a Recession
However, it must be noted that training can only have a positive effect during a recession if:
- The training has a strong bearing on the bottom line/productivity.
- The training provided is quality-focused.
- Follow-up programs are conducted to ensure the impact of the training program.
This is just a basic off-the-bat opinion—hope it helped.
From India, Bangalore
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Training and Development.doc
Special Issues in Training and Development - PPT 10.ppt