The last word

first_img Comments are closed. The last wordOn 1 Feb 2004 in Personnel Today Related posts:No related photos. It’s all systems go, say the economic forecasts. But trainerand writer John Charlton is guarded in his optimismAre you feeling upbeat? If so, you are in tune with many who track the UKeconomy’s fortunes. Economic optimism, according to my Moodometer, is soaring – a view shared bymore business confidence surveys than you can shake a stick at. Big business isoptimistic, says Goldman Sachs; small businesses are even more optimistic,claims the Bank of Scotland; and even the moribund IT industry’s outlook isvirtually optimistic, reckons the International Data Corporation, going out ona limb to proclaim: “Things will be fairly upbeat in 2004”. Heck,even the FTSE 100 index is set to hit 5,000 by year-end. The Chartered Institute of Personnel and Development has also caught thebug, predicting the number of people in work will jump by 250,000 this year. Only in bus queues is pessimism rife. Oh, and among some providers oftraining materials and services that rival transient high-street retail outletsin the scope and duration of their sales and special offers. So what does all this business optimism mean for the training manager? Well,it could herald a major change in the mood music that accompanies trainingdepartments’ fortunes. Perhaps Rags To Riches instead of Buddy, Can You Spare ADime. As organisations’ fortunes rise, so in many instances do headcounts. Thehigher the headcount, the greater the training budget. The more difficult it isto recruit, the more pressing the need to upgrade skills and raiseproductivity. Training is the key to staff productivity – the more productivestaff are, the less likely it is that total wage costs will spiral. The miracle of the virtuous training circle is set to happen. So dust offyour five-year plan to launch that in-house, corporate online university youhave always promised yourself. There can only be one candidate for thevice-chancellor’s job, can’t there? But business optimism is a fragile flower. Just hope the soothsayers got itright, and Bin Laden stays in his cave. Previous Article Next Articlelast_img read more