An exploration of the relationship between training grants and the profitability of UK construction companies
A levy/grant system exists in the UK construction industry toprovide financial support for companies undertaking trainingactivities. With the current UK government skills policy, thereis an emphasis on ensuring that training support provided toemployers is aimed at enhancing companies’ profitability. Thispaper explores the profitability of construction companies inrelation to training grants. Inferential and descriptive statisticswere used to analyze a uniquely combined dataset over theperiod 2002–2005. The research revealed that there is not asimple linear relationship between training grants and profitability.However, large and more profitable companies claimedmore training grants in relation to the following areas of training:management, qualifying their existing workforce (certifyingthe skills of their existing workforce) and developing trainingplans. The authors argue that training grants should be targetedand focused towards specific areas of training if profitabilitygains are to be achievable. Future research should considertraining grant utilization within the context of constructioncompanies in order to ascertain the real contribution of traininggrants to their profitability.
Year of publication: |
2008
|
---|---|
Authors: | Abdel-Wahab, Mohamed Samir ; Dainty, Andrew R.J. ; Ison, Stephen G. ; Hazlehurst, Guy |
Publisher: |
Blackwell Publishing Ltd / © The Authors |
Saved in:
freely available
Saved in favorites
Similar items by person
-
The construction labour market skills crisis: the perspective of small–medium-sized firms
Dainty, Andrew R.J., (2005)
-
Abdel-Wahab, Mohamed Samir, (2008)
-
Implementation of a workplace parking levy: lessons from the UK
Frost, Matthew W., (2009)
- More ...