Business insurance holders are prioritising training in management and leadership in reaction to the economic downturn, an organisation asserts.
Claire McCartney, learning, training and development adviser at the Chartered Institute of Personnel and Development, claims additional pressure is being put on already-strained budgets by the continuing recession.
She suggests that business insurance holders are taking action to ensure their employees' skills do not stagnate during the downturn.
"The importance of training line managers will also be crucial to building the resilience needed to emerge in good shape for recovery," she asserts.
Ms McCartney calls on the government to spend more on supporting these areas for small and medium-sized enterprises, as well-trained executives can have a strong impact on staff and company performance.
Kevin Yates, managing director of Mitchell Phoenix, recently warned business insurance owners and their executives to avoid management fads.
He stated that these often seduce by promising to structure change in a mechanical manner, but are too inflexible to be useful ways of dealing with problems.
