Why Invest in Skills?
We live in a global economy with China and India becoming major economic powerhouses, and Asia likely to rival America as the world's dominant economy by 2020. The competition the UK faces is no longer based just on cheaper labour, but also on higher skills.
Investment in skills can help employers to:
- improve their service to customers so that they sell more products and services
- move into new markets and develop new products and services
- improve the way their organisation is managed
- identify areas of complacency and weakness and how these affect their organisation's performance
- recruit and retain the people they need
- improve their productivity and their bottom line.
Investment in skills can help individuals to:
- get a job
- access more and better opportunities
- be more effective at their current job
- be a better manager
- progress their career