Training in an economic downturn

Whilst training is always important for businesses, it's even more vital during an economic downturn. Cranfield School of Management's Dr Emma Parry, one of the UK's leading experts in HR policy and implementation, outlines why for some companies training is the first thing to be cut. However as building talent is cheaper than recruiting, and is the way to maintain skills and boost staff morale, you might want to reconsider cutting the training budget in preparation for the economic upturn.