A recent study by IMC Learning an International Training Firm, shows that nearly nine out of ten HR professionals (88%) believe properly planned staff training can play a major role in addressing the challenges created by an economic slowdown.

Despite this, over half (57%) of those questioned say staff training is one of the first budgets to be cut during bad times.

Key findings emerged when HR professionals were asked about the effect of the economic downturn on training budgets.

An overwhelming 80% agree that cutting training budgets at this time causes more problems than it solves, while 83% acknowledge that staff training is just as important during recession as when times are good.

Commenting on the research managing director at IMC Learning, Dr. Dirk Thissen, says: “The research clearly shows that HR professionals place a high value on training staff whatever the economic situation, which is extremely encouraging. During times of economic uncertainty more than ever it is essential to have a competent, skilled workforce.

“What is worrying, however, is that training budgets are high on the list of cuts when streamlining a business operation.”

Adaptability is also seen as a key requirement from training when times are challenging.

Over four in five (87%) respondents agree that it is important for training to adapt quickly and efficiently to organizations’ changing needs during an economic downturn.
A similar number (88%) say that the ability to train both large and small numbers of staff cost effectively is important.

So what can you do as an HR trainer to ensure you have a competent and skilled workforce?  Look for fiscally responsible ways to train your staff, from e-learning to adaptable and versatile training modules. With the growing availability of online learning opportunities and Learning Management systems, HR managers can quickly and effectively maintain their employees certification and education.

For more information on our Learning Management System, and the many training module opportunities, we invite you to visit our website at www.morrisinteractive.ca.

Article Adapted from Press Release by IMC Learning, November 2008.