| 'Investment in staff training essential' |
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 It is essential that employers invest in staff training, according to the Chartered Institute of Personnel and Development (CIPD).The body added that training and learning are vital for businesses who wish to remain competitive. A recent survey by business advisory firm Deloitte found that 31 per cent of businesses identified a shortage of "quality people" as a barrier to growth. Martyn Sloman, learning and development advisor at the CIPD, said the report highlighted that an investment in "relevant knowledge and skill" for staff is "essential". "In the modern economy, and the phrase we like is 'service led', knowledge driven economy, organisations compete through the knowledge and skills of their staff - they're providing the staff the opportunity to deploy them effectively," he added. Research from Abbey Business Banking has recently found that 51 per cent of business owners have not given themselves a pay rise over the last year, but only 15 per cent have denied one from their staff.  |
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