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$171bn: the cost of poor pom productivity
27/12/06
$171bn: the cost of poor pom productivity
Link: http://www.humanresourcesmagazine.com.au/articles/41/0C042E41.asp
UK EMPLOYERS have been urged to radically overhaul their training processes after it emerged that poor productivity cost them more than $171 billion last year.
Employers in England alone spent a record $81 billion on training last year to boost the performance of their workforces, according to statistics from the Learning and Skills Council.
But the effectiveness of this training has been called into question by separate research from Proudfoot Consulting, which revealed that poor productivity cost UK employers more than $171 billion in 2005 – equivalent to 36 days per worker, per year.
Our guess is that this would reflect in Australia as well...is that your experience?
WHat have you seen to make you agree?
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