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Managers call for tax breaks for training

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The Chartered Management Institute is calling on the Government to tackle the recession by offering tax relief to businesses who provide training opportunities for staff.

The CMI’s call is based on its own data showing employers want greater support from government, with many looking for opportunities to develop skills amongst their existing employees.

Key findings suggest that employers are heavily reliant on Government to make bold decisions:
74% want even more financial support from government to help develop employee skills
57% say flexible working regulations must be applied across the whole workforce
51% have called for a reduction in business taxes

The Institute's chief executive Ruth Spellman said: “Government and employers need to think about how they will manage immediately and when we eventually turn a corner, meaning there is a case for guidance through better regulation. After all, if they think the cost of competence is expensive, they should consider the cost of incompetence.”

The Chartered Management Institute has launched a micro-site with free-to-download resources designed to tackle the issues created by the recession at www.managers.org.uk/however.

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