7.
Low return on training investment
Employers perceive training costs as too high relative to the business benefits achieved.
STRATEGIC DIAGNOSTIC QUESTION
Do public funding and incentives make participation worthwhile?
Assesses whether available funding and incentives improve the business case for employer investment in reskilling.
RECOMMENDATION
Business case is strong
Existing incentives and expected gains make investment in training financially worthwhile.
RECOMMENDATION
Access ESF+, sectoral funds, and training incentives
Use available public and sectoral funding instruments to reduce employer costs and improve return on investment.
Employer Role
- Apply for available funding
- Participate in sectoral initiatives
Leverage public incentives, sectoral schemes and collaborative initiatives to co-finance workforce development. Shared funding lowers cost barriers and increases ROI.
Employer Benefit
- Lower training costs
- Higher return on investment (ROI)
- Measurable productivity gains exceeding training investment
ESF+, wage subsidies, tax incentives and sector training funds can reduce direct employer investment costs.
EXAMPLE TYPE
Co-funded workforce upskilling model
Employers combine public funding incentives and sectoral support schemes to reduce training costs while monitoring productivity and retention gains from workforce upskilling.