Developing employee skills in challenging times
Developing employee skills in challenging times

Summary/Abstract: In the contemporary business context, the significance of employee skills and competences is widely acknowledged. Investments in formal and continuous training have become inevitable need both for employees and businesses. In challenging times, however investments in employee skill development are hindered by cost-cutting measures imposed by companies as a response to the rising impediments. Therefore, the primary aim of the paper is to assess recent developments in employee training policies in Macedonian businesses and the potential impact of the economic downturn on training investments. A research was conducted in 24 medium-sized companies in different industries in R. Macedonia covering employee training issues. The overall findings point to a reduction in training investments and companies’ focus on in-house, job-specific employee training.

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