The ongoing effects of the credit crunch have made it "extremely important" to develop skills, it has been suggested.
The current turbulence in the economic climate has made the development of new skills "extremely important", according to an expert.
Claire McCartney, an advisor for organisation and resourcing at the Chartered Institute of Personnel and Development (CIPD), explains that the ongoing effects of the credit squeeze have made it more necessary for businesses to invest in people.
She continues to note this is of benefit to firms, as it helps them to develop individuals' specific skills for a company's needs and objectives.
However, it is not just organisations that need to enhance their skill development measures as a result of the crunch.
"I think it is even more important for individuals as well because to ensure that they are marketable. There will be more people in the job market so they need to be able to ensure that they can compete," she explains.
Ms McCartney states it is "really important" for people to keep themselves updated with regard to their abilities, suggesting that transferable skills are particularly useful.
She concludes by noting that these are likely to prove valuable as firms may well have to change their operating methods in order to adapt to the economic downturn - and as such, it may be of benefit to employees who are keen to keep pace.
Ms McCartney's comments follow those of Alison Church, senior conference and marketing manager at educational event World of Learning - which took place earlier this month - who said it is "crucial" for employers to concentrate on skill development given the current financial climate.
learndirect can help employers nurture talent of their employees. Get tips and advice and browse courses that could be useful in your business, for staff development.
