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ESIMeC project - Forward thinking employers

Edited on

09 October 2017
Read time: 1 minute

Why does investing in people make business sense, even in times of crisis? Alison Partridge, Lead Expert for the URBACT ESIMeC project, explores this question in a PDF icon Download Forward thinking employers (431.35 KB) published on the ESIMeC website. Based on three interviews with employers in Basingstoke and Sabadell, she presents some of the initiatives these "forward thinking" employers have implemented to develop the skills and competencies of their staff. Read it now.

ESIMeC brings together eight medium sized cities from across Europe to find innovative approaches to sustainable economic recovery, growth and resilience. The partner cities have identified people as their main assets, and the project is helping them to explore how workforce development and demand-led skills provision can be the drivers for a thriving local economy.

The economic crisis has prompted the introduction of a wide range of short and long-term measures aimed at stimulating economic growth across the EU. The European Union's Flagship Initiative "New Skills for New Jobs" has as one of its key aims the development of a more highly skilled workforce. Many believe that better access to lifelong learning and re-skilling or updating skills is crucial to helping people access and retain jobs in high value economic sectors.

However, many employers have reacted to the downturn by slashing budgets for professional development and training at a time when they are most needed. But some have a different view and recognise that investing in their staff, even in times of crisis, will reap long-term rewards.

This article explores some of the work that three forwarding thinking employers from Basingstoke (UK) and Sabadell (Spain) are doing to bring out the best in their workforce in order to forge a long-term competitive edge. It is based on a series of face-to-face and telephone interviews undertaken during the Autumn of 2011.

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