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The Way Ahead
Tax-incentivized training is a poor model
Tax-incentivized training models, in which companies are awarded additional
income tax rebates, on the funds they have outlaid for training employees, are
fundamentally flawed, for two reasons.
Firstly, the underlying purpose of training is to develop particular skills, not
to acquire tax credits; and secondly, when the economy dips, times get tough and
the need for tax perks falls away, while the need to embark on focussed training
in areas like improving productivity or increasing sales in a recession,
actually increases.
A new approach is long overdue
Until corporate training is fully focussed on uplifting the company’s market
performance, in exclusively measurable terms, it will largely remain a waste of
expensive company resources. A new
approach to the whole question of employee development is long overdue.
A more productive training model
A wiser, more productive and assured incentive to clients, would be a training
model that was founded on a guaranteed specified increase in the company’s
bottom line performance, in specific areas of the client’s business.
This new approach of ours will provide our corporate clients with a very much
more relevant-to-the-times, professional service that is guaranteed to deliver
measurable returns in the process, creating in due course, sustainable, high
performance companies along the way.
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