IT Distance Learning News

Training essential for economic recovery

Investing in training in the downturn will prepare people well for economic recovery, it has been claimed.

In news which may be of interest to those undertaking IT training courses, Daniel Pedley, public affairs manager for the Chartered Insurance Institute (CII), revealed 70 per cent of employers report that a shortage of skills is currently a problem.

He added: "We would certainly advocate not cutting training in times like this. We believe that investing in training now, during a downturn, will help you come up in a better position when the recovery comes."

Mr Pedley went on to say redundancies in the financial services sector remain low when compared to banking.

Earlier this month, the third CII Annual Skills Survey indicated financial services firms are concerned about the basic skills of new recruits as they leave school or university.

According to the report, the proportion of firms reporting that skills had been discussed at board level jumped by more than ten per cent to 90 per cent over the year to 2009.