Training and development in uncertainty?

When the economic future is filled with uncertainty and potential opportunities, there is always a temptation to cut spending on training and development to reduce costs.  This initial “saving” can look like a simple way to cut costs quickly, but nothing could be further from the truth than this strategy. Research has shown that companies that don’t train are two and a half times more likely to have a substantial business downturn than those that do.   It is in this current environment, more than ever that organizations need people who are developed, trained, committed, motivated, innovative and driven in what they do for the company.    When markets are shrinking and orders are falling, it is employee commitment, productivity and the ability to add value that will keep your organizations competitive.  This is one of the critical solutions for ensuring businesses survive and stay relevent when the odds are against them, together with strategically being ready to embrace the opportunities as the upturn arises. 

Recent surveys conducted by the American Training Council, City & Guilds Centre for Skills, and the Cranfield University School of Management, all reported that companies who investing in training rather than reducing spending during a previous downturn had a positive impact on the business in both the short and long term, with a critical retention of top talent being a significant trend reported.  “Evidence shows that companies who invest in the area of training during uncertainty are better placed to grow their business and retain top talent as soon as the economy starts to recover. Cutting training cost in the short term is a serious mistake that will cost organizations dearly in the future”, says Hanan Nagi, Founder and CEO of HNI Training & Coaching.  

About HNI Training & Coaching - HNI Training & Coaching, a Dubai based training organization, is an innovator and leader in human capital development, providing world-class corporate training solutions and services in English and Arabic to organizations in the Middle East and North Africa. In a short span of time, HNI Training & Coaching has become one of the leading regional players in training and development.  HNI has a wide array of soft-skills development programs for all organizational levels – from management all the way to front-line employees. They do not provide, nor support, the typical mundane class-room training delivery. Their training takes interaction to another level. They provide only experiential, inspirational, practical, power-packed learning experiences based on behavioral competencies. Participants gain hands-on skills during the sessions, ensuring that knowledge is truly gained and retained.  Their training solutions are highly customizable, thoroughly researched and designed specifically for the Middle East & North Africa. They take great pride in always being rated as the Best Training Partner, by their clients.  Their continued success is attributed to their loyal, quality-driven customers and their recommendations to businesses region-wide.  With a strong foothold in Dubai, Abu Dhabi and Qatar, they also provide bilingual training solutions in Saudi Arabia, Bahrain, Kuwait and Oman, with plans to expand further. There is really no stopping us!