UKCES chairman warns “Slash training at your peril”
In an open letter published in the national press today a coalition of the UK’s most senior businessmen and union leaders called on UK employers not to slash staff training in a bid to cut costs as the effects of the recession are felt.
The UK Commission for Employment and Skills (UKCES) chairman Sir Mike Rake together with Sir Stuart Rose, Chairman of Marks & Spencer and Business in the Community, Mervyn Davies, Chairman of Standard Chartered plc, Richard Lambert, Director General of the CBI, and Brendan Barber, General Secretary of the TUC, urge employers to sustain or even increase their investment in training, saying: “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. When markets are shrinking and order books falling, it is their commitment, productivity and ability to add value that will keep us competitive. Investing now in building new skills will put us in the strongest position as the economy recovers.”
You can read the UKCES press release here.
