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Investment in training 'benefits employers and staff'

Published: Monday, 12 January 2009   Category: Life after graduation

Companies which invest in training now will recover faster from the economic downturn, it has been claimed.

David Fairhurst, senior vice-president of McDonald's, says that companies have already seen "sustained benefits" from making provision for the continuing professional development of their staff.

He adds: "Times are tough but it is important for those businesses that can, to keep investing in the people. It has never been more important to continue investing in skills."

Mr Fairhurst claims that training and education plans aid employees, their employers through increased productivity and the industry sector as a whole.

A press release entitled 35,000 additional apprentices to help beat downturn and take advantage of the upturn, published last week, outlined the government's immediate plans for greater workplace training.

Prime minister Gordon Brown announced an extra £140 million for staff development schemes in England during a visit to Rolls-Royce in Derby on his regional tour.