Tag: recession

Management

Upskilling Your Workforce: A Cost-Effective Solution in Challenging Times

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As the economic landscape grows more challenging, UK employers are facing increased financial pressures. From the pending rise in employer’s National Insurance contributions to higher minimum wage thresholds, the costs associated with recruiting and retaining staff have surged. For many organisations, this has led to a freeze in hiring or, in some cases, workforce reductions. […]

Management

Navigating Economic Uncertainty: The Critical Role of Employee Training and Development

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a corporate training session in a modern office, with a diverse group of employees actively participating in a workshop led by a professional trainer, whiteboard with graphs, business casual attire, a concept of investment in employee development during economic uncertainty

Introduction In the face of economic uncertainty and rising staff turnover, businesses are faced with a crucial decision: to cut costs or to invest in their most valuable asset – their people. While tightening the financial belt is a common reflex, evidence suggests that investing in employee training and development can be a game-changer during […]