Manufacturers are beginning to understand the importance of investing in training to business performance, according to the industry’s training body.
A joint effort between the Engineering Employers Federation and the Engineering and Marine Training Authority (Emta), the skills scoreboard — published for the third year running — found manufacturers are spending an average of £560 per employee on off-the-job training, or 0.4% of their total sales revenue.
Employees in industry receive an average of 2.3 days per year of off-the-job training, and 1.64 hours per week on the job, says the report. Training expenditure has held steady compared with last year’s figures.
Emta chief executive Dr Michael Sanderson said that compared with previous years, companies that had invested in raining had improved their performance.
‘The scoreboard provides a benchmark by which firms can identify the best companies in their sector, and judge how they are doing in comparison,’ he said.
The aerospace sector invests the greatest amount in its staff training, spending almost double the average for industry as a whole.
This can be attributed to the highly technical nature of the industry, said Sanderson, which is reflected in the number of graduates the sector employs.
‘When you look at the industry average, the number of graduates employed is one in 18, whereas in aerospace it is one in eight,’ he said. The sector also has the lowest rate of staff turnover, at 4.5%.The electronics industry has the highest rate of staff turnover, at 14.5%, well above the 6.7% average for manufacturing as a whole.
This is a result of the sector’s buoyancy, with electronics companies poaching staff from each other, Sanderson added.