A firm is advising those with commercial insurance that improving employee efficiency is a key way of saving money during the recession.
Kevin Yates, managing director of Mitchell Phoenix, has emphasised the importance of training staff to improve their productivity.
He says this should focus specifically on changing the company culture to encourage those behaviours which are most helpful for commercial insurance holders.
"Training which concentrates specifically on producing results and focuses overtly on the creation of culture within an organisation will release the latent potential in staff," he states.
Meanwhile, Stuart Taylor, managing director at HSBC Private Bank, claims offering skills development of this sort has increased awareness of adding value and the importance of planning and preparedness.
Richard Lambert, director-general of the Confederation of British Industry, recently called on the government to do more to show commercial insurance holders what it is doing to tackle the economic downturn.
