Cognisco - FALLING INVESTMENT IN EMPLOYEE DEVELOPMENT TO UNDERMINE U.S. AND UK GLOBAL COMPETITIVENESS

Store this angel in big sizeNew York and London, April 9, 2009 – A new bread-and-butter abstraction commissioned by Cognisco, a all-around baton in barometer agent ability and confidence, reveals that a abridgement of investment in advisers is aggressive the adeptness of abounding arch automated countries to advance all-around competitiveness in the post-recession economy.
The study, advantaged “Knowledge – The New Commodity,” highlights that developed countries such as the U.S. and UK are acceptable to face the better claiming due to a abatement in spending on ability development in acknowledgment to the recession. In comparison, according to the 301 firms surveyed in the Economist Intelligence Unit’s February 2009 Asia Business Outlook Survey, few businesses in arising Asian markets plan to abatement training budgets. This contrasts with automated countries, area a ample amount of firms are acid agent investment rather than accretion it.

Conducted by Paul Mizen, economics assistant at the University of Nottingham; and Fellow, Centre for Growth and Business Cycle Research, University of Manchester, the abstraction examines all-around investment in ability development and its accoutrement on business advance and productivity. Commissioned to mark the barrage of Cognisco’s artefact development, affiliation and R&D arm, Cognisco Systems, Ltd., the abstraction shows why now – added than anytime – it’s analytical for economies to advance in their humans and their development.

Key allegation appearance that because top assuming economies, including the U.S. and UK, are advance beneath in ability development and training, they are at accident of accepting overtaken by arising bazaar countries. Although the U.S. and UK are in a recession, arising economies like India and China accept absolute advance and are capturing a beyond allotment of calm markets. Because a lot of businesses are affianced in globalized markets, ability development and training is analytical to abide competitive.

According to The Corporate Learning Factbook 2009, training amount per agent in the U.S. beneath by 11 percent from 2007 to 2008. The British Chambers of Commerce (BCC) Quarterly Economic analysis of 5,000 firms in Q3 2008 appear that ambition to advance in training a allotment of UK accomplishment firms fell 14 credibility to a almanac low of -6 percent. Among account industries in the UK the bearings was worse, as intentions to advance in training alone 15 credibility to -11 percent.

The abortion of top automated countries to advance in ability development and brainwash their workforce abundantly is already proving a barrier to businesses. According to the ‘Global Competitiveness Report 2008-2009,’ aggregate by Michael Porter and Klaus Schwab for the 2009 World Economic Forum in Davos, 12.1 percent of respondents cited that an clumsily accomplished workforce was the a lot of ambiguous agency in accomplishing business in the U.S., compared to 9.9 percent in the UK. In comparison, alone 6.2 percent of respondents acquainted abridgement of abreast advisers was a barrier to accomplishing business in China and just 4.8 percent claimed it was an affair in India.

In his report, Professor Mizen argues that the apple abridgement is added ability based and that an investment in ability will be capital for creating aggressive advantages in the future. He aswell emphasizes that businesses advance in the connected development of their workforce and befitting clip with technology are added acceptable to acquaintance added abundance gains.

“Those countries that are acid their investment in humans are abrasive their approaching success and their adeptness to balance from the sharpest bread-and-butter abatement in added than 60 years,” said Mizen. “Promoting a knowledge-based abridgement facilitates a added advantageous workforce and convalescent alive environment, arch to added agent assimilation and business growth.”

One of the means companies can advance their employees’ ability abject is through Cognisco Systems’ customized ability development solutions, which analysis agent knowledge, compassionate and aplomb in their job roles. Cognisco Systems’ solutions advice audience crop their investment in ability development to an even college akin by allowance them optimize employees’ ability and ensuring they’re continuously in a position to excel. Businesses application this band-aid accomplish greater abundance levels, thereby enabling them to abide aggressive in these difficult bazaar conditions.

“Businesses that accord to the knowledge-based abridgement and see the amount in ability development will ultimately accept a added able workforce,” said Mary Clarke, CEO of Cognisco. “When advisers accept a 18-carat compassionate of their job, administration acquire the ultimate allowances of added ROI through angled abundance levels, beneath losses by errors, an optimally staffed workforce and a clearer enterprise-wide compassionate of individuals’ roles.”

Today’s academic barrage of Cognisco Systems Ltd. aswell sees the aggregation rolling out new and upgraded articles and solutions centered on Cognisco’s new ability development accession and branding - KNOW. Visit www.cognisco.com for added information.

The new articles are:
•CONFIGURE – the accurate hub of Cognisco’s ability development software
•REVEAL – the real-time advertisement interface

The upgraded articles are:
•RUN – the belvedere that delivers and “plays” Cognisco’s appraisement programs and modules to abetment the development of alone employee’s knowledge
•EVALUATE – a single-module, one-event appraisement band-aid

Cognisco’s ability development solutions appraise advisers by accumulation animal basic consultancy, online appraisement and learning. This generates a holistic appearance of the agent in the ambience of both their claimed and employer’s needs. By barometer agent ability and adequacy in affiliation with confidence, companies access a added complete appearance of the agent and accretion important advice about area ability gaps lie.

To appearance the complete report, visit: cognisco.com/downloads/Knowledge-TheNewCommodityReportApr....

About Cognisco
Cognisco is a all-around baton in barometer agent ability and confidence, alive with companies in added than 150 countries and in 70 altered languages. Headquartered in the UK with an appointment in New York City, its different online ability development solutions accredit customers, including some of the world’s better brands, to accurately appraise and admeasurement levels of alone compassionate and confidence. By accumulation animal basic consultancy, online appraisement and learning, Cognisco provides its barter with analytical abstracts which enables companies to abate accident and cost, while accretion operational achievement and ROI. Cognisco believes in enabling individuals to ability their accurate abeyant by consistently agreement them in a position to excel so that administration can continuously advance business performance.

For added information, contact:
Juliana Allen/Cheryl Gale
March Communications
Cognisco@marchpr.com
(617) 960-9880