Team Investment -- Survey: Approximately One-Quarter of Executives Say Their Companies Scaled Back Professional Development in Last 12 Months





    TORONTO, Aug. 12 /CNW/ - In tough times, employee training is often among
the first areas to face the budgetary chopping block. Indeed, roughly one in
four (23 per cent) senior executives interviewed said their companies'
professional development programs have been reduced from a year ago. But while
some companies are making cuts, others are making enhancements: 31 per cent of
respondents indicated that their firms have actually bolstered their training
initiatives during this time.
    The survey was developed by Accountemps, the world's first and largest
staffing services firm specializing in accounting and finance. It was
conducted by an independent research firm and is based on telephone interviews
with 100 senior executives in Canada.
    Executives were asked, "Compared to 12 months ago, how, if at all, have
your company's professional development programs changed?" Their responses:

    
               Expanded significantly ................... 10%
               Expanded somewhat ........................ 21%
               No change ................................ 45%
               Been reduced somewhat .................... 17%
               Been reduced significantly ...............  6%
               Don't know ...............................  1%
                                                         ----
                                                         100%
    

    "While companies are looking for ways to manage expenses, they should
carefully consider all their options before eliminating or scaling back
training," said Dianne Hunnam-Jones, President for Accountemps' Greater
Toronto operations. "Keeping employees educated can help your firm maintain a
competitive advantage and also bolster recruitment and retention efforts."
    Hunnam-Jones added, "Providing employees relevant training will help them
enhance their skill sets and subsequent contributions to the firm.
Additionally, employees who feel supported professionally are more likely to
remain loyal to their firms when an improved economy stimulates new job
opportunities."

    Accountemps has more than 360 offices worldwide and offers online job
search services at www.accountemps.com.





For further information:

For further information: Kristie Perrotte, (416) 350-2330,
kristie.perrotte@rhi.com


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