Saturday, November 1, 2014   




Firms raise staff training budgets

Friday, May 23, 2014

Staff training budgets grew to 3.1 percent of annual salaries last year - the highest since 2009 - as companies want to develop and retain staff, a survey by personnel experts shows.

This is the second-biggest proportion since 2004, the study by the Hong Kong Institute of Human Resource Management found.

A total of 79 companies with 45,225 employees were polled in November and December last year.

The study found, however, that though 74.7 percent of the companies had a training budget last year - this was down from 79.7 percent in 2012.

More companies are using e-learning for training, said Ip Wah-shun, vice chairman of the IHRM learning and development committee.

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"E-learning is more interesting for increasing employees' sense of belonging," he said.

ALVIN WU


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