Workforce Development Getting Cut Back

Thu, Sep 13,2012 @ 06:18 AM
by Suzanne Kart |

continuing educationIt's not good news: Workforce Development training is still getting cut back.

“Companies have dramatically cut training programs for new employees, experts say, worsening a skills gap,” says the front page article in USA Today of August 10, 2012.

The story quotes Wharton School management professor Peter Cappelli saying employers “Don’t want to train anybody.”

Data from the Society for Human Resource Management (SHRM) confirms the downward trend in training from employers.

An Accenture survey found only 21% of employees acquiring new skills through company-provided training over the past five years.

This short-sighted view of training is part of an overall lack of investment from companies. LERN predicts companies will again invest beginning around 2015, but until then the news is not good for training.

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