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Explain why some UK companies are reluctant to invest in training and development. Do you consider these reasons to be valid?
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| Submitted: Mon Jun 06 2005
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Explain why some UK companies are reluctant to invest in training and development. Do you consider these reasons to be valid? The rapid development of technology and in other areas have led companies' ability to replicate products more easily, and the rapidly expansion of the service sector has led the nature of consumers to demand high quality at the lowest prices. Both of these highlight the importance of gaining the competitive advantage through the labour force. A method through which a company could obtain this edge, is through training and development of their various skills. Its implementation and management concerns many concepts, esoteric and thus hard to emulate. Training and development can have many benefits to the organisation but they may be reluctant to do it as many barriers or factors that could prove the investment to be uneconomical exist. These factors are explained below, following a brief description of T&D and...
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