An Exploration of the Relationship between Training Grants and Profitability of UK Construction Companies

Autor/inn/en	Abdel-Wahab, Mohamed; Dainty, Andrew R. J.; Ison, Stephen G.; Hazlehurst, Guy
Titel	An Exploration of the Relationship between Training Grants and Profitability of UK Construction Companies
Quelle	In: International Journal of Training and Development, 12 (2008) 3, S.188-205 (18 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	1360-3736
Schlagwörter	Construction Industry; Grants; Foreign Countries; Training; Labor Force Development; Certification; Financial Support; Adults; United Kingdom + Suchen Sie Ihr Suchwort? Baugewerbe; Grant; Finanzielle Beihilfe; Ausland; Ausbildung; Arbeitskräftebestand; Abschlusszeugnis; Zertifizierung; Finanzielle Förderung; Großbritannien
Abstract	A levy/grant system exists in the UK construction industry to provide financial support for companies undertaking training activities. With the current UK government skills policy, there is an emphasis on ensuring that training support provided to employers is aimed at enhancing companies' profitability. This paper explores the profitability of construction companies in relation to training grants. Inferential and descriptive statistics were used to analyze a uniquely combined dataset over the period 2002-2005. The research revealed that there is not a simple linear relationship between training grants and profitability. However, large and more profitable companies claimed more training grants in relation to the following areas of training: management, qualifying their existing workforce (certifying the skills of their existing workforce) and developing training plans. The authors argue that training grants should be targeted and focused towards specific areas of training if profitability gains are to be achievable. Future research should consider training grant utilization within the context of construction companies in order to ascertain the real contribution of training grants to their profitability. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10