Is Canada falling behind because of lack of training investment?
HR Directors should raise the alarm! Canada is falling behind in productivity and innovation and it is due to lack of training and development for employees.
Statistics Canada has identified Canada as ranking in 20th place in the world for investment in employee training. That is shockingly low for such a great country.
HRM ONLINE reports:
- Just 30% of Canadian employees, aged 25 – 64, felt that they were receiving enough training to be able to do their job to the best of their abilities.
- The Canadian figure sits far lower than that of the US, where 45% of employees reported receiving adequate training.
- US businesses spend an average of 50% more on training their employees than Canadian companies do.
Think about it; we all know, in order to improve your organization you must develop your employees. The United States is training their employees and Canada is not! No wonder Canada is not improving our productivity, we are not investing in development or innovation.
Maybe the province of Quebec has got it right with all organizations with over $1 million in payroll have to invest 1% into employee training. It is too bad that other organizations don’t see the writing on the wall – If you don’t invest you don’t succeed!
HR Professionals must take a lead, raise the alarm, and get corporate training and development on the radar of corporate executives. Canada should be embarrassed that we are not in the top ten ranks for development. Corporations should make a conscious effort to invest more in corporate training and improve our productivity.
- As a HR Professional, what arguments would you make to get increases to employee training?
- How serious do feel the lack of employee training investment is to Canada’s growth and productivity?