A standards-based approach to training

摘要

THE REPERCUSSIONS OF the sharp decline in oil price are being felt globally but, in this new era of cost-cutting and increasing efficiency, the industry must ensure it keeps its people safe and continues to develop the skills of the workforce. In times of cost reduction all too often, and wrongly, training and development budgets are prime targets for budget cuts. But sweeping cuts in these areas are often born from ignorance of the real harm they cause and only serve as short term measures. History shows that the true cost of cuts in training come back to haunt us later in the form of skills shortages and wage inflation.