Training and development investment will increase by a fifth over the next 12 months

Share this page

Written by Mary Isokariari on 27 October 2016 in News
News

Nearly two-fifths of financial employees are planning to spend more on staff development next year, according to recruitment consultancy Robert Half. 

 

The report, which surveyed 100 executives, revealed that investment in training and development will increase by a fifth in the next 12 months. 
 
Employees favoured external courses (49 per cent) and mentoring (48 per cent) over on-the-job (39 per cent) training and post-graduation education (34 per cent). 
 
More News 
 
However, only 8 per cent thought reverse mentoring – an initiative in which older executives are paired with and given feedback by younger employees – would be beneficial. 
 
Luke Davis, Vice-president, Robert Half Financial Services said: “The planned increases highlight the importance of attracting and retaining the best people, particularly in light of the current skills shortage. The success of any business depends on its people. As employers continue to seek ways to improve their staff’s motivation, engagement and productivity, they should not overlook reviewing their training and development plans. 
 
“Professionals today are eager to find ways to advance their career and professional development. The most successful training and development programmes are those that are tailored to the individual and their personal career path within the business.” 
Tags
Topics and tags
Assessment
Performance management
Categories
Business and industry

CONTRIBUTIONS FROM READERS

Please login to post a comment or register for a free account.

Related Articles

Is remote onboarding possible?
29 November 2022

John Nicklin looks at the four Cs of successful remote onboarding

Related Sponsored Articles

YUDU releases corporate training white paper
30 January 2015

Mobile App developer YUDU Media have released a white paper outlining technological trends in the training industry, as an overview of how this impacts strategic planning for HR and Training...

Objective evidence of the behaviours that matter
20 May 2017

Trevor Wheatly discusses how 360° profiling can turn routine appraisals into practical assessments of performance based on the behaviours that matter in business.

LinkedIn, Coca-Cola and Capital One to attend World of Learning 2015
10 June 2015

L&D experts from LinkedIn, Coca-Cola and Capital One International are set to share their expertise at the renowned World of Learning Conference.

Categories

Tags