Mon, 8 Dec 2008
Invest in training, say business experts.
Business gurus and union bosses have called for firms to recognise it would be foolish to slash training budgets.
Company heads - including Marks & Spencer chairman Sir Stuart Rose and union officials including TUC general secretary Brendan Barber - signed a joint open letter in support of training investment.
They suggested it should be "maintained, or even increased", according to reports.
The economic downfall means that some companies will be considering ways in which they can save money.
But an extract from the letter reads: "Now is precisely the time to keep investing in the skills and talents of our people.
"It is the people we employ who will get us through … it is their commitment, productivity and ability to add value that will keep us competitive."
At a forthcoming conference in London, deputy general secretary Graham Goddard is expected to say the current economic climate makes it crucial for companies to make the right decisions best for the survival of their businesses, Associated Press noted.
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