NANSENSE

Is it wise to cut training when the market is going down ?

When the market is going up, the stakeholders are usually happy and the budget for training is usually higher. However; when the market is going down, the stakeholders are not normally happy and one of the main focus is to cut the costs and budget down. When the axe falls on the budget, the training cost may be one of the costs that may be impacted.

If the goal is to reduce costs then cutting the training cost may be a wise move. However; there are times when training is necessary to keep the business moving forward. During such times, the cost of the training is a cost the organization cannot really cut down because of the risk involved. Lack of training could cause a lower quality of the product or delivered to the end customer that could result in a dissatisfaction to the customer.

The bottom line and the deciding factor may the strategic direction and the goals mapping the strategic direction of the organization.

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