Across the entire world, this will be unfolding constantly. Creativity and innovation will come out of those places. Overall, there is a slight decline in training expenditures. Reduced job tenure. The more turn-over, the less expended on traning.
Small firms train less than large firms.
And many look to other companies to do the training and then hire the employees away from them, he said. Hatter said that is true in his experience also. We need new labor market organizations and employer-led alliances, he said. We need to change the culture of firms to become learning firms. We need industry-led alliances.