Private-sector businesses across the country are failing to invest in employee training programs and missing out on the opportunity for increased productivity as a result. The question is whether your company is one of them.
Canada spends far less on job-specific programs than other Western nations, and in a new report released by Industry Canada and Statistics Canada it was found that Canadian private firms came in 20th place in the world behind the US, Germany and the UK when it comes to providing appropriate training and advancement opportunities.
Yet as employers confirm their hiring strategy for 2012, HR experts have warned businesses to re-evaluate their training programs because it remains a key part of the recruitment process. “Companies are looking to hire employees with a certain level of skill and knowledge. However, most companies are not injecting the time or money into on-the-job training,” Sandra Miles, president of Miles Employment Group in Vancouver commented recently.
The report also found:
Just 30% of Canadian employees aged 25 - 64 felt that they were receiving enough training to be able to do their job to the best of their abilities.
The Canadian figure sits far lower than that of the US, where 45% of employees reported receiving adequate training.
US businesses spend an average of 50% more on training their employees than Canadian companies do.
According to recruitment firm Randstad, under-investing in training is an alarming trend, as the flow-on effects such as lower performance levels and productivity can be highly damaging in the longer term. "The reoccurring problem that employers and employees are facing is that there is a gap in the workplace in terms of expectations,” Miles added.
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