Building strength through training

November 1st, 2012 Posted in: Business Development

When the going gets tough, the tough keep training and many will agree that the decision to reduce or even abolish staff training budgets is a false economy and can cause more problems than it solves in the long run. However difficult current trading conditions are, the businesses that will survive the downturn are those that plan for the upturn by ensuring that their workforce is the best it can be. Making the most of your workforce will also help them get the most out of working for you and in such times of uncertainty, looking at ways to help improve staff motivation is vital.

There can also be a financial benefit to maintaining training programmes. By encouraging existing employees to fulfil their potential and to learn new skills, companies can create a pool of talented workers that grow with the business and reduce the need to find external candidates to fill vacant or new positions. Investing in training to help reduce the expense and hassle of recruitment is undoubtedly a business strategy that can benefit the construction industry across the board.

As people power is often the most effective force in difficult market conditions, the training and development of staff can give your company the talent, creativity and productivity it needs to retain a competitive edge and adapt to new challenges. This theory has played a vital role in Lakesmere’s own business development as by moving towards more complex, multi-product and larger value projects, the company had to ensure that its workforce, including its large number of subcontracted workers, possessed the appropriate skills and qualifications to meet this new challenge. Ongoing investment in this area has resulted in 100% compliance to the CSCS and CPCS scheme for approximately 500 site workers, both directly and indirectly employed.

Despite the clear value of implementing and maintaining a training programme, at a time when budgets are so tight, cost is still understandably an issue for some companies. Fortunately, help is at hand with funding available from organisations such as the Construction Industry Training Board (CITB). It may not feel like a time to ‘speculate to accumulate’ but in these challenging times, training is perhaps still the safest of all investments.

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