chapter  7
27 Pages

Training in practice

This chapter analyses in greater depth the amount of training expenditure undertaken by companies and, in particular, identifies areas where training expenditure is concentrated and the ways in which it is allocated. It examines the extent to which training is being treated as an integral part of personnel policy and identifies instances of where training feeds into a more investment-orientated role for the treatment of staff. Overall expenditure on training was said to have increased, particularly among larger concerns and a substantial majority of these respondents expected to make further increases in the coming year, though the looming recession may place these plans in jeopardy. The survey shows that very few small companies undertake the managerial training which might endorse the entrepreneurial flair of their founders with managerial skills needed for organisational consolidation and stability which might help smaller companies to survive during periods of economic uncertainty and recession.