For most organisations the economic downturn has had an effect on business. This means that for most there has had to be job cuts and budgets have had to be slashed. In most organisations the first budget to be cut is training, as it is seen as a nice to have and not priority.
However i think that if the business is stable during a time when business is slow it should be on a list of priorities to make sure that skills gaps are highlighted and filled for when the business is busier. This is the perfect time to undertake any training courses. Internal training course are cheaper and if they can be carried out by a senior member of the team this can boost morale.
External training programmes like management courses and training to for staff members will help retain employees and improve employee relations. The courses are designed to help improve management and leadership excellence, it helps to improve the company bottom line and helps managers increase employee performance.
For those who are unemployed attending management training courses will help to fill in the gaps in your employment history and may help you in becoming more employable in a large pool of applicants.