News Article - 07 April 2009
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While management teams in the UK may be keen to control costs during the recession, one sector commentator has advised that investment in training was still important if they wished to survive the economic downturn.

Ruth Spellman OBE, the Chartered Management Institute's chief executive, said the current low level of management skills in the UK - with only one in five managers having qualifications for their role - was "unhelpful".

"Now more than ever, is the time to invest wisely because if organisations think that developing competence is expensive, they should consider the cost of incompetence," she added.

Ms Spellman went on to note that a thirst for knowledge and professionalism could only be a good thing for gross domestic product.

According to a recent CBI/Nord Anglia report, in response to the recession, over half of employers (51 per cent) claim that they want to target their training more effectively to get maximum return on their spend.

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