Skip nav

London, UK – May, 2021: Avado, the professional academy, has unveiled research identifying a dramatically widening gap between business needs and people capabilities over the course of 2020.

Businesses that had previously invested in employee development, however, were somewhat protected from the worst effects of the pandemic: of those surveyed, 71% that saw growth over the last year had increased their training budget. Among businesses that saw a decline, 61% said they did not have a training strategy or that their strategy was not fit for purpose. This research comes at a pivotal moment as the government announces a new skills loan, giving all adults the equal opportunity to upskill and retrain in future.

The research surveyed over 1,000 executive leaders and senior HR staff from progressive UK and Asia Pacific (APAC) organisations. The research was further analysed by ambassador Miatta Fahnbulleh, Chief Executive of the New Economics Foundation....

Read full release