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BizHelp24 Edition No. 177
Friday16th March
2007

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March 2007 - Small Business News

 

Are You Aware of Free Training Opportunities?

You probably know how useful training can be at improving the skills and effectiveness of your employees; but you probably also know that the costs are usually high. However, both you and your staff may be able to benefit from training in the Further Education sector.

Nearly two-thirds of small businesses lose-out on increased productivity and profitability by ignoring free or low cost training according to new research from the Learning and Skills Council (LSC).

The research, which examined the training policies of more than 450 small businesses, found:
 

  • 57 per cent of small business do not use the further education (FE) sector to train their employees although it offers a wide range of free courses
     
  • 43 per cent of companies are not aware they could secure free employee training at their local FE colleges

It showed that thousands of small companies are missing out on the business benefits of FE training as those that used it reported a wide range of positive impacts:

  • 87 per cent of small businesses said using an FE college to train its employees had benefited the company
     
  • 45 per cent of companies claimed it had increased productivity
     
  • 11 per cent claimed it had directly increased turnover
     
  • 58 per cent said it had boosted employee motivation and job satisfaction
     
  • 47 per cent believed it had helped employee retention

The research, which was carried out by YouGov and covered large and small companies from a number of sectors, revealed that many businesses have a narrow perception of the FE sector and lack a clear understanding of the vast range of vocational courses and qualifications available at FE colleges.

Bill Rammell, Higher and Further Education Minister said: “The findings clearly highlight the competitive benefits to employers of using Further Education training. Since 1997, FE funding has increased by £2.5 billion, a rise of 48 percent in real terms. The challenge for FE providers is to engage with business so they make best use of this, and be aware of the choice, value, and relevance of training on offer. Providers must adapt to meet the needs of employers.”

For more information visit the Learning and Skills Council website here.

Find out more about Training and Learning Online with our free article here.

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