Individuals and companies cannot rely on government to ensure that the workforce has the relevant skills required by the marketplace. The employers need to find a cost effective and reliable training program, one that can offer their workforce the right skills.
Individuals and companies must work together to ensure that the workforce is adequately equipped with the right skills for the marketplace. Unfortunately, not all individuals can keep their skills up to date. Those that do not find employment immediately after acquiring their skills will have the problem of forgetting what they have learned only a few short years after the training. Skills that are not kept up to date and used frequently atrophy relatively quickly. As for the companies, many companies which did not find the right workers or which had to continually retrain their workers, have had to downsize or close down. Growth cannot happen without the right talent or with the need to maintain an expensive training program. Many companies, which were able to institute an effective training program, were often able to keep up with changes in the marketplace and maintain sustainability and even grow. To maintain a competitive edge, it is important to figure out a training program that is both cost effective and relevant to the new market needs.