According to research by the Chartered Management Institute (CMI), companies are not providing adequate training, with the number of managers focusing on developing staff falling 20%,.
The CMI poll found that the number of business managers focusing on developing core staff declined from 44% in September 2008 to 22% at the end of March 2009.
46% of those surveyed think that their firm will lose future leaders of the company by not providing sufficent training and career opportunities because of the recession.
"Where possible organisations should look at other areas of the business before cutting back on training as skills development is essential if they are to be well placed when the economy eventually picks up," said Petra Wilton, director of policy and research at the CMI.
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