RPO and Talent Management Blog by Ochre House | Ochre Talk

Investing in People or Ticking the Training Box?

KnowledgePool have a very interesting article on workplace training, which struck a chord with me. It made me think how a much more fluid workforce, the availability of specialist outsourced providers and the ready supply of contractors had changed the ‘requirement for training’ dynamic for organisations in 2010.

The article states:

“By combining the nine percent and the 16 percent, we get 25 percent, so we can conclude that a quarter of all training fails to deliver a significant performance improvement,” said Kevin Lovell, Learning Strategy Director at KnowledgePool. “Figures from the Learning and Skills Council show that UK organisations spend around £38bn on training annually, so that means they could be wasting £9.5bn of training investment each year.”

I have to say that I agree. How often is training used as a ‘perk’ or form of bonus for the employee – rather than a tactical response to a commercial requirement?