Global Knowledge

Only 34% of IT decision-makers approved training, while 85% were trained in the past year.
Those numbers don’t add up.
Global Knowledge IT Skills and Salary Report reveals that IT staff are not restricted from seeking training by their bosses. Why is there such a disconnect among IT staff and decision-makers?
Managers recognize the importance of trained and certified employees. 93% believe certification adds to the company’s value. However, the available training budgets are shrinking and funds are not being allocated for skill development. Worse, training may not be prioritized despite having a budget. Over 40% of IT decision-makers who have a training budget did not approve training in the past year. These skill-building opportunities are not to be missed.
As organizations struggle to balance their budgets, the skills gap is growing. 81% of North American decision-makers report that there is a shortage of skills. These could have disastrous consequences.
Stress levels among employees are on the rise
Delays in product development or deployment
It can be difficult to achieve your goals
Declining customer satisfaction
Loss of revenue/increased operational costs

There is so much at stake. It is vital to have ongoing and basic training. International Data Corporation (IDC), which is based in London has done an analysis of the IT education and certified services markets. It discovered that training is key to organizational success.

Initial training is crucial to ensure project success.
According to IDC, the success of a project is dependent on the skills of its team. Training is an essential part of any project budget.
A project’s success rate of less than 10% will be affected if 1% of its budget is spent training. Increase the training budget to 6 percent to increase your chances of success.
Technology is no longer the competitive advantage of companies. The difference-makers are those who are given the task of using technology. Only if you develop and train those people can you succeed.
Source: IDC Market Analysis Perspective: Worldwide and U.S. IT Education and Certification Services, 2018, Doc #1US42761218 Sep 2018.

Continuous training is key to organizational success
Training is not a one-off event. Continuous skill development is vital to ensure organizational success.
According to IDC, skills and performance both decrease with time. Even if a team has 100% skill, it will lose 60% within three years, and 75% within six years without any professional development.
Rapid technological changes, process modifications, as well as the need to replace skilled workers are all reasons for this decline.
IT requires continuous skill-building. You must keep moving to keep up with industry innovations. In this constant battle, continuous training is your best friend.
Source: IDC Market Analysis Perspective: Worldwide and U.S. IT Education and Certification Services (2018), Doc No. US42761218 Sep 2018.

Planning and formal training are key ingredients to success.
Before you begin a project, make sure that everyone in the team has the necessary skills. One mistake can lead to delays or even stop progress. It is a good idea for avoiding delays and lost revenue by training the right people before kickoff. This means that training must be included within a project budget. This will save you a lot later.
If you are an IT manager or IT professional who has just trained staff, don’t assume you’re in good health. Skill sets can lose value over time.