A report recently released by the Chartered Management Institute (CMI), based on an analysis of The Labour Force Survey, revealed that those with professional qualifications can benefit from additional earnings and job security.
Independent professionals are tightening their belts at the moment so spending money on qualifications and training may not seem like a good idea.
However it is interesting to see that this CMI report has indicated a nine percent increase in long term employment prospects for individuals that engage in professional qualifications.
As we know, in times of economic turbulence job security can be a real issue. Ensuring that regular training and learning is undertaken keeps individuals, and companies, ahead of the game and of course quality of work is either improved or maintained to a high standard.
The report also highlights the importance of engaging with appropriate training and qualifications during a downturn.
Although businesses are invariably cautious about expenditure, they are aware that investing in training and professional development will motivate and retain top staff. Plus recessions do not last forever; organisations that invest in their people will keep key staff well motivated and professionally trained in order to pick up the new business wave and retain existing clients.
Globalisation has accelerated the rise of outsourcing. While this brings opportunities, it also brings some challenges. Until now, there has been no common best practice standard or benchmark for outsourcing.
A professional’s career or a company’s credentials must stand out in order to attract the attention of employers or clients. A structured, academically accredited set of programmes, such as those offered by NOA Pathway, can only help to show that an individual or organisation is willing to go the extra mile to assimilate best practice and innovative working practices.
End users will be looking for the best value for their money, especially now. If a vendor can show that their employees are being (or will be) trained to an accredited standard and are undergoing continuous professional development, then any end user will undoubtedly feel more comfortable spending money with that firm, rather than one with no accreditation at all.
So when it comes down to it, who would you want to put your company’s trust (and money) in? Organisations whose staff CVs are peppered with ‘world expert in’, ‘thought leader’ and other unquantifiable phrases? Or with an organisation whose staff are pragmatically working their way through an accredited series of professional qualifications in outsourcing, with known quantifiable steps?
I imagine the answer is pretty obvious.