“In a recession, the first place companies like to cut is learning and development, but that’s the worst thing you can do.”
So says Naveen Bhateja, CHRO at Medidata Solutions, a New York City-based technology firm.
“That’s the time to train your staff so when the market opens up, you’re ready to get the business you’re looking for.”
Even before the recession speculation, employers realized how vital it is to continuously train their workers if they want to thrive in a remote/hybrid world. Half of all employees will need reskilling by 2025, with 40% of workers requiring reskilling of six months or less, according to the World Economic Forum’s Future of Jobs Report.
