Categorized | Education

Skilled employees key in a recession

skillsdevelopment

The economy is stressed, those well-versed in financial matters, say, and what comes to the minds of majority entreprenuers is reducing budgets of some areas that they view as non-core to their operations. But this exercise can backfire extended to skills development, Transform SA Online learns from Gizelle McIntyre, director of The Institute of People Development (IPD).

Skills development is an investment which offers both short term and long term benefits, giving an organisation a competitive edge, says Mc Intyre, adding that there is no alternative. “Yes, skills development takes some investment, but compared to the cost of unskilled labour, it is worth every penny.”

Thus, the worst mistake that an organisation can make during a recession is reducing or stopping financing skills development initiatives.  A recession calls for increasing the level of productivity to enable the organisation to cope with challenges in the market.

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