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Budgets are becoming tight for many companies during the current economic scenario, but some companies like Aircel, Vodafone, Nestle, and Cipla are still investing in corporate training workshops that promises to teach ways to enhance profitability.
In economic slowdown conditions, companies like Aircel, Vodafone, ISCI, Nestle, Craft and Cipla among many others have realised the need for strengthening and sharpening business acumen of the existing manpower in their organisations.
Specialised corporate training companies like Elements Akademia is conducting such workshops for big corporates and MNCs. The strategy lies in making the non-performing staff productive through such kind of workshops.
Elements Akademia CEO and Founder Nishant Saxena said: "A customised workshop - talking of specific cost pressures within the company, benchmarking best practices with peers and an action planning module on what individuals can do to ease that cost pressure- can help operational managers find out exactly where they are 'wasting' money, and hence save cash."
Saxena further said that the "potential saving is much much bigger than the small amount spent on training".
According to Aircel Manager Learning and Development Namrata Wakhloo, corporate training workshop has helped the company upskill our circle leadership teams' acumen on cost optimisation and create a mindset and attitude that focuses on shareholder return perspective.
Echoing similar views, Cipla Global Head- Learning and development Shyamashree Rudra said, "these modules are helping our people become better 'general managers' in understanding the 'big picture' and thus, enabling them to take decisions which enhance profitability and value creation for Cipla.
Meanwhile, HR managers in a panel discussion on the topic 'skill development' at the recently held SHRM India's Annual Conference 2013 said organisations should focus on designing appropriate training programmes for their employees which will further yield important benefits for the organisation.
