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Why you should invest in training
Terry Morris • August 7, 2024

In today’s rapidly evolving business environment, to stay relevant, meet changing customer needs, and remain competitive, investing in employee training is crucial. 


The Importance of Investing in Training:

  • Adapting to Change With an ageing workforce and new government regulations, it's essential to keep your team updated with the latest skills and knowledge to maintain compliance and productivity. The Chartered Institute of Personnel and Development (CIPD) highlights that continuous training and development are key to managing an ageing workforce and ensuring they remain productive and engaged.
  • Employee Engagement and Retention The trend of "quiet quitting," where employees do the bare minimum, can be mitigated through active engagement and development opportunities. According to a Gallup study, employee engagement in the UK remains crucial for improving job satisfaction and reducing turnover. Training and development programs can significantly boost morale and loyalty.
  • Meeting Customer Needs Customer expectations are continuously evolving. A well-trained workforce ensures that your business can meet these needs effectively. Research from Deloitte indicates that businesses that invest in employee training are better positioned to adapt to customer demands and market changes.
  • Maintaining a Competitive Edge Continuous innovation and improvement are necessary to stay ahead of the competition. The UK Commission for Employment and Skills (UKCES) notes that a well-trained team is essential for driving business initiatives and maintaining a competitive edge.

Investment in Training: A Necessity, Not a Luxury

If your current investment in employee training is "not enough" or if you believe "we can't afford it," there is good news.


UK Shared Prosperity Fund

The UK Government has recognised the importance of upskilling the workforce and has allocated significant funding through the UK Shared Prosperity Fund. This initiative offers up to £8,750 in grant funding for training purposes, aiming to support businesses in enhancing their capabilities.

How We Can Assist

  1. Application Assistance We provide guidance through the application process to help you secure the grant funding. Our expertise increases your chances of a successful application, ensuring you can access these vital resources.
  2. Training Needs Diagnosis We help identify the specific training needs of your business, ensuring that the training provided is tailored to address your unique challenges and goals. This bespoke approach maximises the impact of your investment.
  3. Training Delivery Our team delivers high-quality training programs designed to equip your employees with the skills they need to drive your business forward. From Leadership Development to Technical Skills, we cover a wide range of training needs.

No Catch

This opportunity is designed to support UK SME businesses. There are no hidden conditions or obligations. The aim is to help you invest in your workforce to ensure your business thrives in a competitive market.


Take Action Today

Don’t let financial constraints hold your business back. Leverage the UK Shared Prosperity Fund to invest in your employees, enhance your capabilities, and secure your market position.


Contact us today to start your journey towards a more skilled, engaged, and competitive workforce.



Sources:

  1. CIPD. "Managing an Ageing Workforce." Retrieved from CIPD.
  2. Gallup. "State of the Global Workplace 2022 Report." Retrieved from Gallup.
  3. Deloitte. "The Deloitte Global Millennial Survey 2020." Retrieved from Deloitte.
  4. UKCES. "Employer Skills Survey 2019." Retrieved from UKCES.
  5. Gov.uk. "UK Shared Prosperity Fund." Retrieved from Gov.uk.


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