Recession has not affected training budgets

Article Abstract:

The American Society for Training and Development conducted a survey on the amount of corporate training and development in the US in 1991. The survey indicated that 70% of the firms maintained or even raised their budgets for training and development. Only 29% disclosed that they lowered their training budgets as part of an across-the-board decision concerning all departments. Training expenditures for total quality management schemes and management development programs have also increased steadily.

Surveys, Corporations, Total quality management, Corporate finance, American Society for Training and Development

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NAM passes training resolution

Article Abstract:

The National Association of Manufacturers (NAM) board of directors called on members to support proposals to improve the training and education of present and future employees. NAM believes that employee training is vital for a company to enhance its competitiveness and growth potential, for local communities to succeed, and for individual citizens to excel in their careers. The proposal focuses on educational performance and vocational skills standards supported nationally.

Employee Training, Planning, Economic policy, National Association of Manufacturers

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Training as a potential profit center

Article Abstract:

Minnesota-based Short Elliott Hendrickson Inc. (SEH) views the concept of training as a potential profit center. SEH is a multidisciplined firm of engineers, architects, planners and scientists that provides a wide array of services to both public entities and private sector clients. The company allots 3.5% of its annual operating budget for training purposes, in its financial commitment to employee development.

Human resource management, Services industry, Service industries, Short Elliott Hendrickson Inc.

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