Carson City, NV - June 9, 2009 – As the current recession deepens and officials search for a way to staunch the financial bleeding, retraining and education in the workforce have begun to take center stage. Shifts in the economy and the demographics of the working population have caused an increased need for skills-focused, short-term training. But states are choosing to focus funding and resources on traditional, long-term and credit-based institute training (such as collegiate programs), leaving businesses to foot 90% of the bill for continuing education and retraining or workers.
So just how important is this continuing education and retraining for businesses and their employees? Online learning and training provider The Knowledge-Mart is looking to answer that question with its latest project – a formal study of the effects of retraining and continuing education in the workplace. The purpose of the study is to find out how, if at all, retraining affects work productivity, morale, sales and employee retention. The findings of the study may also help businesses currently seeking help and funding for retraining and continuing education efforts.
“We know that many businesses are hurting right now,” says Dave Shah, founder and president of The Knowledge-Mart. “The landscape of the workforce is changing, causing an increase in the demand for non-credit education. The growth rate of the workforce is expected to slow to as low as 0.3% in the next couple of decades. Without the proper programs and assistance for retraining continuing education, businesses will be hard-pressed to maintain their talent pools.”
Shah hopes that the findings of the study will eventually encourage states to be more financially supportive, allowing more businesses to create retraining and continuing education programs from online training classes and skill development courses like his. “The IT industry, as well as several other fields, are growing and producing new technology at a phenomenal rate. We provide courses taught be experts in those fields that can help workers adapt and evolve at the necessary pace. State funding could help make building programs with courses like these more affordable for businesses, and hopefully increase their productivity and sales.”
The 2-part study will gather information from both workers and employers, and will be conducted throughout the month of June 2009. For the employer survey, please visit http://tinyurl.com/workforce-education-employers . For the employee & worker survey, please visit http://tinyurl.com/workforce-education-employees
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For more information: http://www.knowledge-mart.com
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