Content area
Full text
Looking to support your staff with specialised training? Joanne Douglas explains the pros and cons of training bond agreements.
It's often said that the people in an organisation are what make the difference. And where staff are qualified, competent and skilled the business is more likely to be successful.
Training can therefore represent a considerable investment in your staff.
Of course, a wide range of training and study options are available, some of which will add value to your business, while others won't. In tight economic times, many employers are not willing to spend the extra training dollars unless they know they will get the return on investment (ROI).
One way of ensuring your ROI is to use a training bond agreement, which will be suitable in some situations and not in others.
Training: whose responsibility?
Some jobs require an actual qualification as a pre-requisite - for example nursing, teaching, law and architecture. Generally, in these roles we expect our employees to come to the job already qualified.
Other roles may only require on-the-job training, if the job is mostly labour intensive and lower skilled. In these positions often the employer will invest in the time and resources to...