When businesses don’t invest in training up and developing the skills of their workforce, everybody loses. It means lower productivity and fewer opportunities to progress and climb the ladder. It means the ‘Great Resignation’ continuing and ‘levelling up’ stalling. But where is the UK currently at when it comes to adult reskilling? And, as important, what does the future hold and how do we get there?
The most recent report from the Learning and Work Institute provides a stark reminder of where we are. Employers across the UK are investing less and less in training. Their data analysis (from 2005 onwards) found a 28% decline in the amount of money being invested per employee in work-based training.
Not only is the UK slipping behind in terms of employee investment, but the gap between the UK and Europe is getting wider too. Businesses in Europe now invest twice as much in training as businesses in the UK.
