Firms ignore the ‘knowledge is power’ mantra in the recession
Posted by Mary Clarke in In business on Tue, 30/06/2009 - 13:27
- US and UK companies have scaled back investment in employee training and knowledge development
- Emerging economies are boosting their investment in this area
- In order to remain competitive, companies should be focussing more on staff investment
- Employee assessments are a good way to measure the skills and competence of the workforce
With many businesses under immense economic pressure to increase efficiency and cut costs, some are neglecting employee training and knowledge development, but this could be a costly mistake says Mary Clarke, CEO of Cognisco.
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