(Episode 364; 14 minutes 06) The Australian Industry Group and Deloitte have just released a survey of 500 Australian CEOs. “Skilling Business in Tough Times” looks at attitudes to employment and training during the downturn.
Whilst cuts in employment are not as severe as in previous downturns, a third of businesses have made cuts in their training expenditure, with most cutting it more than 20 percent. There’s also a cut in the number of apprenticeships.
So what picture does this paint for Australia’s ability to meet the demand for skilled labour? I talk to David Brown, Human Capital partner at Deloitte.
Do you think cuts in training budgets are a short sited move by some organisations? Tell us what you think in the Talkback section at the end of this post.
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